South Korea and North Korea issue effect on commodity market and base metal trend and today tips for 02-04-13

Today bullion open in positive but fall on domestic market due to issue between North Korea and South Korea. The issue between this country and interfering of China and US result in falling price of gold and crude.  Today Mcx gold open at 29505 bit positive form yesterday close.  On MCX for April delivery gold prices go for maximum of 29525 with a low of 29432. There is also a fall in open interest that by more than -15%. Gold is expected to turn on green side around 6:30 pm and may be it crosses the 29600.

On MCX silver form morning no positive movement had seen from its opening price it continue falling and touch a intraday low of 52501. Today MCX support a bearish trend, on Tuesday morning it opens at 52847 and from that position it fall on MCX for May delivery. On MCX silver price is look very dull and negative but some positive data is expected from silver on evening.

Crude oil on domestic market looking on red deep side, an issue between North Korea and South Korea affect its price. MCX crude oil for future delivery opens at 5281, with an intraday high 5292 with a low of 5268. Crude oil are look little slow and dull on MCX while trading on spot market. Low positive movement may be expected in evening with mostly on red side.

Base metal are bearish and showing a red flag on MCX. Nickel for April delivery trade low and negative side, today it open at 908.70 and from its opening position trying to move to green side but falling in china market result base metal on negative side.  Copper, zinc, aluminum and lead all are traded with a sloppy movement. Some corrections are required on base metals.

BUY MENTHA OIL ABOVE 1048 TGT 1050, 1055, 1060…………….SL 1036

SELL COTTON BELOW 19210 TGT 19200, 19180, 19150.SL 19270

BUY CRUDE OIL ABOVE 5290 TGT 5300, 5310, 5320…………….SL 5260

SELL SILVER BELOW 52480 TGT 52440, 52360, 52280……………..SL 52680

Intraday gold tips|silver tips and today crude oil price and commodity movement

Today MCX market starts with a sloppy and negative movement. Most commodities are open in negative side especially base metal trade in bearish side. Gold open on red side but some positive movement expected form that in afternoon. In intraday yellow metal is lost its momentum compare to previous week. While silver is on green side and some high movement is expected form that on intraday. Silver is moving with strong support of 53900 with a resistance level of 55650.

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Buy gold above 29600 tgt 29640, 29680, 29750………..sl 29450

Buy  silver above 54860 tgt 54960, 55060, 55160……….sl 54560

Today crude oil open on green side and its movement is looking bullish for intraday. Crude oil on MCX is moving with a strong support level of 4940 and a resistance level of 5060.

Buy crude oil above 5000 tgt 5010,5020 , 5040…………sl 4960

Today on MCX mentha oil is on negative side and high negative movement is expected form that on intraday trading. Today it opens at 1245.30 and touches an intraday low of 1236.80.

Sell mentha oil  below 1242 tgt  1235, 1230, 1225…………sl 1259

28-02-13 intraday mcx natural gas|cotton|mentha oil| tips and commodity gold silver movement

Today UNION budget will going to announce and positive report is expected from that, on MCX gold is open slightly down from its close 29743 and it open at 29703. Today gold showing strong uptrend and oscillator showing buy signal.

Buy gold above 29800 tgt 29850, 29900, 30000……………sl 29600

Silver for March contract is going to boom today in positive direction. On MCX silver is expected to go high , today it open on 53800 and on intraday it touch a high of 54086 , its previous close is 53786.

Buy silver above 53950 tgt 54050, 54150, 54300………….sl 53600

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Today for 19 march delivery crude oil open at 5012 its previous close 5007. Today most commodities are expected to go higher on intraday and crude is looking on to go upside with a small movement.

Buy crude oil above 5015 tgt 5125, 5035, 5050…………..sl 4970

Mentha oil and natural gas showing little red sign, but a positive movement is expected in mentha oil for 30 March.  On natural gas it opens at 190.20 and its touch an intraday low of 185.50.

Sell mentha oil below 1235 tgt 1230, 1220, 1210…….sl 1260

Sell natural gas  below  186 tgt 185, 184, 183…………..sl 189

Buy cotton above 18450 tgt 18460, 18480, 18500……..sl 18400

Monday commodity news

Bullion (gold and silver)

On the domestic market as Gold is expected to open in positive it open at 30599 forms its last close at 30581. On MCX Feb contract gold is expected to trade in the range of 30700-30300.Today US market is closed that will affect Asian market. Silver for March contract is looking positive today on MCX. On domestic market silver is expected to go near 60000 in today trading.

Copper  

Today’s copper open slightly lower to its previous close, it open at 438.50. Today euro group meeting may be affect base metal and EURO. On the Domestic market copper price is looking volatile and seems mostly on red side. Currently copper is traded at 438.55 at 10:34am. Copper have a good support level of 432 and a resistance of 442.

Crude oil

This week crude oil movement is looking volatile for Feb contract. Today morning crude is open at 5164; some positive turn is expected on Domestic market. Crude trend range bound between 5100 – 5200.

Cotton

Jan cotton on the MCX traded positive at 16400 up by 20 point from its last close. This week cotton price is moving slightly high as compare to its past weeks.

Today tips

Buy silver (5 march) above 59550 tgt 59600, 59700………..sl 59300

Buy gold (5FEB) above  30640 tgt 30700 ,30750…….sl 30465

Buy crude above 5170 tgt 5180, 5200……sl 5130

Sell cotton (31 Jan) below 16380 tgt 16370, 16350…………sl 16470

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Weekly commodity report and today tips

Bullion

Today commodity market open on red side, top commodity moving with a red flag on MCX . Gold open at 30570 movement is looking little slow and opposite. In this week from the starting gold position is much unexpected and it perform on towards negative direction. Similarly trend following by silver today in the morning it open at 59351, its previous close is 59436. Silver continue loss its position from the last 3 day. A new fresh start is expected from the Monday on the bullion.

Crude oil

Crude oil price once in the week touch a line of 5200 and following same trend in early of week, but then continue falling from that position. Currently crude is traded at 5151 at 10:32am and expected to trade low today. But if we talking for upcoming week crude is expected to cross 5200 and work on the positive side.

Base metal

Today in base metal some positive movement is expected. If we talking about copper for Feb contract some positive jump is expected from it.  While nickel and aluminum is trading in the green side and little positive can be happen in the end of day. For upcoming week base metal is very good to work ad expected positive movement in this week.

Cotton

Today cotton opens on positive side by 3 point high to its last close at 16380. In the early morning it touches an intraday high of 16420 and a low of 16370. This week is good for cotton it crosses 16400 and traded on the positive side. For the upcoming week cotton is a best commodity to work.

Mentha oil

For mentha oil this week is not good almost most of time mentha oil is watching on red side. Mentha oil for January contract today open with red sign at 1338.10 few point down to its yesterday close at 1345.70. for intraday trader mentha oil is on position to sell, in the upcoming week mentha oil position is going to strong  so it’s good to hold position for future.

Today calls:-

Sell gold(5 feb) below 30570  tgt 30550, 30520…………sl 30610

Sell  silver (5 mar) below  59370 tgt  59350,59320………sl 59460

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18-01-13 Commodity movement

Bullion

On the MCX bullion continue it’s down trend and showing red again on the Domestic market. Yellow metal showing red flag and today’s open at 30670 yesterday yellow metal is closed at 30758. Gold is expected to trade more low on then MCX list. Gold for Feb contracts is on the lower side and expected to trade with a high support level of 30452 and a resistance of 30950. While the silver is for march contracts looking bearish today and goes more than -330 point of the MCX list. Today silver open at 59405 and from that position continue falling, movement in the silver on the domestic market for today is not too much high in the positive side. For today trading silver have a support level of 58689 and a resistance of 60500.

Crude and copper

Crude for Jan contract open at red side today on the MCX, on yesterday trading it is closed at 5181. The entire commodity on the MCX is now looking in the position to sell. Crude continue its falling on the Domestic as well as on the International market. On today trading crude is expected to trade in the range of 5070-5200.

Copper for Feb contract is trading on negative side but some positive movement expected from copper and base metal from the afternoon. Copper open at 439.10, and touch a intraday low of 438 on Domestic market.

Cotton and Mentha oil

Cotton for the Jan contract expected to trade low on domestic market, currently cotton position is showing downward direction from its opening position. Today cotton open 20 point high from yesterday close at 16360. Mentha oil is MCX looking to recover to its position but low demand on Domestic market give a strong competition to mentha oil. On the MCX it open at 1351.90 and touch a intraday high of 1352.some positive movement is expected from mentha oil on the next session.

Today calls:-

Buy cotton above 16350 tgt 16370, 16400………….sl 16290

Buy gold above 30690 tgt 30740, 30800++……………sl 30485

Buy silver above 59400 tgt 59500, 59600……………sl 59123

Buy crude oil above 5170 tgt 5180, 5200……..sl 5120

14-01-13 MCX commodity updates

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Bullion (gold and silver)

Today commodity market is open in a positive side, bullion behave good moment in the fresh morning. Silver is looking in the very good position to trade, its last close 58199 and today its open in at 58300, 101 point high to its previous close.  In the early trade silver up and touch a day high at 58460.  Silver gain a lead of 206 point at 10:31 am, it is expected that silver go higher today. If we talking about gold it’s still working in the green side, but the moment is not very high.  Dollar price is not capable to hold their position against Indian currency. Movement in the FOREX is very volatile and it affects the gold and other metal price in the domestic market.

Base Metal

In the fresh morning base metal is watched at positive side , copper for February contracts move with a green flag and looking  positive today on the MCX. Copper is expected to go higher on the remaining time. While nickel is holding trying to touch a target of 1000 this year, at took a step against it.  Nickel up by 1.50 point at 10:48 am, from its last close at 962.30. Meanwhile other metal like zinc, lead, aluminium also move little today.

Crude oil

Global crude price has gained a positive momentum .on the NYMEX was trading at $ 94.58 and it gains a 0.63%. On the MCX crude for January contacts trading positive, its previous close is 5136 and today it’s open at 5140. Crude is expected to trade in the range of 5100- 5200 for today trading session.

Cotton

Cotton price is continuing its worst position day by day; cotton movement is regularly fallen on the Domestic market. Cotton down by 60 point at 11:00 am from its previous position at 16340. For January contract cotton is expected to trade low today on the MCX.

Today calls

Sell cotton (31 Jan) below 16280  tgt 16260,16240----……….sl  16350

Sell gold (5 feb) below 30790 tgt 30750,30700………………sl 30870

Sell crude oil  (21 Jan) below 5150 tgt 5140, 5130,5110………….sl 5200

Afternoon commodity base metal tips

Bullion(gold and silver)

After the morning red sign MCX is comes to the other direction.  Bullion comes to the positive side after the morning red cover.  Today in the morning gold fallen by more than -100 point but now working in the good green side.  While the silver moving towards the positive side and expected a good sign in the left session. Movement in the yellow metal is volatile and expected to go lower.

Base metal

 Meanwhile the base metal is looking positive today, a good move is watching on the copper. Copper up by 3.55 point high and comes to 450.95 at 3:00pm and expected to go higher. Nickel Jan contract   move with a green flag on the domestic market.  Today nickel jump by 2.70 point On the MCX at 3:04 pm. Nickel have a strong resistance of 980, with a support level of 955.

Mentha  oil

 Mentha oil has fall by 28.10 at 3:09 pm, today its open at 1413.40. Mentha oil has lost its position form the yesterday closing. Demand in the Mentha oil has reduced this year.

Today buy calls

Buy silver (5 march ) above 58120  tgt 58150,58200, 58250…………..sl 57800

Buy nickel (31 Jan) above 965.50 tgt  966, 968, 970…………sl 955

Buy copper (28 Feb) above 450.60 tgt 451, 453………….447

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09-01-2013 gold silver updates and commodity tips

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Gold and silver

Today the commodity market is showing a red card form the starting of the day .In the morning session bullion is looking  towards the positive side  slightly higher  to it last close. But after some good move bullion lost its position and drop again in another side. If we talking about gold it’s lost its position due to depreciation in the dollar price against Indian Rupees, dollar drop by 0.20 point.  In the morning gold open at 30940 and its show a depreciation of 51 point at 2:25 pm. Similarly silver also showing a red flag from the morning, today silver open at 58350 silver lost its position by 120 point at 2:28 pm.

Base metal

  In the base metal all are looking tired today no one is ready to go in the positive side from the morning but there is movement is expected in the domestic market after the 3:00 pm. Today the movement Is expected in the nickel and aluminium where the lead and copper is trying to recover its position.

Cotton

Cotton for January contract is moving on the red side, this year cotton is looking much volatile as compare to its previous year.  Movement in the cotton is reduced due to the lower demand. Cotton is expected to trade low in the first quarter this year.

It is advice to trader to hold the position for future where as intraday trader sell their position from the current  price.

Today calls:-

Buy silver (5 march) above 58400 tgt  58500, 58600, ……..sl 58190

Buy copper (28 feb)  above 449 tgt 449.50 ,  450…………..sl 446.50

Buy crude oil (21 Jan) above 5120 tgt 5130,  5150…..sl 4990

Buy gold  (5 Feb) above 30950 tgt 30980, 31050, 31100……sl 30810

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commodity updates

Crude oil in the global market is hold a strong position in the last week, but starting of the crude this week is not very high the movement is very low in the global market, where as on the Saturday close   MCX crude oil for January contract is closed on the red side.   Currently on the fresh morning MCX crude is open with down side flag by 3 point to its last close at 5123. Its current price is 5114 at 10:33 am, on the MCX for 21 Jan contract. Crude oil is traded with the red flag down by 10 point, movement is not very excited in the early trade but expected to go high in the next session.

If we go towards the bullion its movement is looking positive today, gold is moving towards to touch a line of 31000 for 5 February contract where as white metal is 59000. Today bullion has a very good support for gold support level is 30680 and a resistance of 31402 , meanwhile silver is looking volatile the movement is unexpected today support level for is 57300 and a resistance of 58800. Both the commodity are open high to its last close gold is open 57 point high to its previous close at 30907 and silver is open at 58200 214 point high to its last close.

Today the movement of cotton gives some warm in the cold day, after the last worst week cotton is traded positive to its opening at 16350. Currently cotton is on the green side but the movement is not expected to more green. Cotton is expected to trade low day and trading between 16250- 16480.

Today calls

Sell crude oil (21 jan) below 5115  tgt 5105, 5090, ………….sl  5150

Sell cotton (31 jan) below 16360 tgt 16340, 16320…………..sl 16420

Buy silver (5 mar) above 58250 tgt 58300, 58400, 58500……sl 57900

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