Mcx goldguinea trading tips, Mcx silverm intraday resistance & support level

Mcx goldguinea august contract was trading at 22966 down rs 58 or 0.25%, goldguinea rate touched an intraday high of 23030 and intraday low of 22956.So far 136 contracts have been traded. GOLDGUINEA prices have moved down Rs 132, or 0.57% in the August series so far. 

 

Mcx silverm is in strong downtrend, index is showing sell position so short term investors better to buy only above rs 44651 with stop at 43301.

Intraday Resistance of SILVERMIC are 44057.6 : 44435 : 43916.8
Intraday Support of SILVERMIC are 43148.4 : 42771 : 43290.3

Mcx commodity market tips| free gold silver calls

Mcx commodity market sluggish, Both precious metal is trading silent note. Today is the last day of a Federal Reserve meeting and the outcome of today's meeting of 2 days. Before the gold which is extremely sluggish. In the international market, gold is around $ 1,300. Now mcx gold is in bearish trend gold is trading decline -0.06% or rs 18 to 27848.

Silver is also idling and flat and looks around Rs 44 300. Indeed, after the Fed meeting on interest rates in the United States can be largely clear.

Mcx base metal hold a hand of red flag, Mcx aluminium july future down -0.21%, copper august future down -0.29%, Nickel july future -0.34%, Mcx lead down - 0.63% .

mcx gold sell below 27900 target 27850/27800/27750 stoploss 28050

Mcx silver sell below 44550 target 44000 stoploss 44850

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Thursday copper resistance and support| Gold trend today

In mcx commodity market overall trend of gold and silver is bearish in medium-long term, now gold is trading in oversold level currently gold is strong downtrend. The index is showing sell gold for short term gold is in Sell position.The immediate support for the gold is 26628 and the resistance 27717, 28394.

crude oil is in bearish trend, high selling pressure has seen in crude oil down o.56% or 34 pts at 6078. Crude touched intraday high of 6100 and intraday low of 6055.

Intraday Resistance of COPPER are 416.6 : 418 : 425.2
Intraday Support of COPPER are 413.3 : 411.9 : 404.8

today gold silver news

Today the bullion fall with a huge point, today white metal down by more than 1000 point, at 2:13 pm silver is trading on 62274, 950 point down by its previous close. Today on the MCX there is a long drop in the market. While the yellow metal is down by 204 point from its last close at 2:16 pm. Today gold is trading in the range of 30800-31500. It is advised to gold trader to hold a long position in the February contract. Silver is trading with a range of 63000-61800 with a stop loss of 61500 and target of 63450, hold our position.

Due to strong rupees against bullion, bullion not controls the position and fall by a huge point. In the December month this is a very large fall, gold is trying to consolidate the position but rupees pulling is leg again and again. Meanwhile the cotton is going in the good position to trade; it goes 70 point high at 2:30 pm. In the global market silver is pertaining in the bounce back situation. The upcoming year is for the commodity, and we soon feel that from the staring of the year.

Today calls:-

Buy gold tgt 31200,,31300….sl 31000

Sell cotton tgt 16640…16625………sl 16710

Buy silver tgt  62500….62700……sl 61190

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hot commodity updates

In the bullion global market gold is set to break its previous all time record high price of $1,920 per ounce in 2013. While in the domestic market gold is trying to recover from its two week position. On the MCX yellow metal is opened at 31319 on the December contract its previous close is 31262. Meanwhile the white metal is open at 62200 its previous close is 61814 on the MCX December contracts. In the global market silver price is expected to go higher due to theissue between GREECE and UNITED STATE. 2013 is expected a good market year for the base metal and precious metal according to report. India is the top wheat supplier in the world, is now going to export more wheat in the global market, in the end of July government had allowed exporting of 2 million tons wheat, and in the last week cabinet approved 2.5 million tons wheat for export. Wheat price has risen by 40% in the recent month. The global output of wheat is expected to decline to 654 million tons in 2012-13, down from 695 million tons the previous year, according to the International Grains Council.

Today MCX calls:-

Buy gold dec tgt 31200….31300………..sl 30950

Buy silver dec tgt 61500….61600++…..sl  60000

SELL SILVER MAR BELOW 63580 TARGETS 63515 , 63430 , 63330 STOPLOSS 63707

BUY COPPER FEB ABOVE 445 TARGETS 446.5 , 448 , 449.5 STOPLOSS 442

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