MCX market in upcoming week || intraday tips for Monday || Live commodity chart and price for MCX

Bullion (precious metal)

This week rupees touch a new low 59.93 after a US federal report that directly affects the Indian stock market which comes below 19000. But if we talk

about Indian commodity market a high volatile trend had seen in this week due to high up and down fear. On one hand yellow metal in domestic market traded in the range of 26000 to 27000 in this whole week due to decrement in global gold cue. In upcoming week gold prices are looking to go high for future active delivery on domestic Multi commodity exchange. In global market gold prices comes under $1300 and closes to $1286.20 an ounce at Comex.

White metal continue its worst session and fall below 42000 on Friday , but if we are talking about whole week a huge destruction have been made in silver that fall more than -1000 point and  close to 41497.  More depreciation is looking in white metal in upcoming weeks for July delivery.   

Energies

Energies are fluctuating on intraday trading, if we talk about crude oil prices some depreciation had seen on Friday trading while good movements are seen in this and crude oil kisses the level of 5600. As dollar prices increased against Indian Currency crude oil show an increment in domestic market while talking to international market it seem in other position and trading below $100 and closes at $97 per barrel.

Moving towards natural gas a pendulum are continue at Multi commodity exchange , currently natural gas are on bearish side but a fresh start with an increment in domestic market are looking on Monday  trade  natural gas for June trading expected to trade with  a support of 217 and a resistance of 236 in upcoming week.

Mentha oil in this week show a good swing and expected to be continuing same trend with small depreciation in upcoming week.  Mentha oil in upcoming week looks to move up with a support of 1005 and resistance of 1072.

Base metal

Base metals in this are very unconscious not such big movements are watched on metals, talking to copper and aluminum their global demands are increased especially in china market.   Whereas nickel prices are following down on domestic market and trading below 850 but some hike must be seen in base metal as correction in Indian currency. Lead and zinc are covered up with color in this week but in upcoming week some correction are surely seen on intraday and future trade.

Support and resistance

Gold

S1: 26815, S2: 26700

R1: 27359, R2: 27500

Lead

S1: 119.75, S2: 118

R1: 122.80, R2: 123.50

 GET MONDAY TRADING ON FREE TIPS BY FILL TRIAL  FORM 

MCX tips for today: support and resistance for silver and gold- Today trading Level-commodity face and crude oil updates for 22/05/13

Today commodity market pen with a mixed reaction, if we are talking about bullion it open on green side but MCX crude oil and cotton are on red side.  In today trading crude oil for June delivery looks bearish with a negative trend. On overseas market Brent crude oil traded near $ 103.56 and hopes to down more in remaining session.

On domestic market crude oil is expected to trade in the range of 5280 to 5368.

Meanwhile after open in green side gold and silver fall down in red side and carry on more reaction towards down side. Today good for June delivery open at 26174 against its previous close 26110. At Singapore gold traded higher due to strong demand from Chinese market.

Support:  25810, 25600

Resistance: 26240, 26400

FOR FREE  COMMODITY CALLS FILL THE FORM 

On Wednesday, morning silver open at bit higher than its last close and open at 43202 it last is 43170. Currently bullion is on under pressure and trading with a low demand in Asian market.   Open interest not supporting the trend and that help to silver play in negative side.

Support:  42850, 42700, 42575

Resistance:  43400, 43590, 43780

Base metal are playing in more comfort zone, today MCX copper, nickel , zinc and aluminum all are open in up direction. Copper and nickel are looks more confident in domestic market. MCX coppers for June delivery open at 410.50 against it last close at 409.70.

Nickel open at 832.40 against last close 830.10 and expecting to move on higher in today trading with a bullish trend. While some correction is going to seen in zinc, lead and aluminum is today trade from its open position.

Mentha oil are looks much volatile in last two trading session, in which it kisses the level of 1000 and traded more up at MCX.  Today it opens at 1028 much higher than it yesterday close at 1000.80