23/05/13 MCX Gold, silver movement | accurate MCX day trading call and mcx tips for today session

Yesterday market close with a mixed reaction, gold prices are close on down side, but today in the fresh start gold open in green side at 26020. On Thursday morning MCX market looking in deep negative side with fluctuation in top commodity. White metal opens in red side after a yesterday positive close and for today trading silver looks more volatile with most on red side.

On Forex market rupees hit 6 month low against US dollar and closes at 55.46.

Oil prices in Asia are trading in red side from yesterday, today at MCX crude oil for June delivery open at bit down 5290 against its last close at 5297. It the early trade crude oil drop down by more than -40 point on MCX and expected to trade in bearish side.

After yesterday positive trading session base metal open at red side, MCX copper, nickel looks more bearish in early first hour of trading and expected to trade bearish for today session.

Mentha oil in domestic market trading in red side after touching a level of 1000 on early on Monday, it fell on continue its good position at MCX. Today mentha oil for May delivery opens at 945.60 against its previous close 962.20.  

Natural gas in domestic market continue show correction in its position, today it open at 234.50 against its last close at 233.40. Today it expected to trade in the range of 230 to 240.

Buy gold June above 26110 tgt 26150, 26200, 26250………….sl 25850.

Sell silver July below 43100 tgt 43000, 42900, 42800…………………sl 43400

Sell crude oil June below 5250 tgt 5240, 5230, 5210………….sl 5290

Sell nickel May below  835 tgt 833, 831, 827……………..sl 843

weekly MCX commodity report and free commodity tips

BULLION (Gold and silver)

This week commodity market showing lots of up and down, on one hand precious metal showing a dull trend meanwhile on base metal we show a good positive trend.  Gold and silver this depreciated by the effect of lower demand in Domestic and global market. In this week gold mostly seen in negative side and support by a good level between range of 30650-30900. While white metal silver following down trend and traded by lower level this week and down from its position of 58800 to 58200. But in coming month silver and gold expected to go high form its current market level.

In upcoming week buy silver above 58500 and sell below 58150.

While buy gold above 30900 and sell below 30750.

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MENTHA OIL AND CRUDE OIL

This week on MCX mentha oil achieved a new level and crosses level of 1400.this week Mentha oil increased by more than 7% on MCX.  While crude oil showed some positive movement in early of week. Crude oil gain positive movement due to depreciation on Indian currency against US dollar. In upcoming days global crude price help domestic market to go higher.

BASE METAL

In base metal nickel continuously upgrading its position and roses high, in this week nickel open at 978 and go high of 997. In coming day nickel price soon crosses the level of 1000. This week is quietly good for copper in the starting of the week copper start with a low level but as day passes it touches some good point, in upcoming week copper is expected to trade between the ranges of 442-453.

Some correction is watched in the price of Lead, aluminum, and Zinc in this week but upcoming week is not looking good for that metal and low trend is expected on MCX.

COTTON

This week cotton is the commodity that catches eyes of all traders in intraday market. Cotton makes correction in intraday position for February contract. Cotton has a good support level in upcoming day and expected more correction from its current level. In upcoming week cotton is traded in the range of 16750-16920.

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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mcx commodity news updates

Firstly congrats to the most capable person for prime minister post for their local win. Today election result gives a new fresh movement to the domestic commodity market. Movement in the commodity market is not higher today but is expected that the entire commodity take a jump after the 4 pm. Bullion running with a green positive flag, as I told the 2013 is for the bullion the range of silver between 53000 to 78000.white metal is expected to grow as their fastest movement in 2013 and touch a all time high. This will help the economic growth of India. Meanwhile the movement in the gold is also carrying some good movement between the second quarters of 2013.  The price of dollar is also taking a good lead against India currency. While in the global market the base metal will also get success in the 2013. On the MCX today gold is in the good position to trade. It goes 97 point high at 1:56 pm from its previous close. The similar movement seeing in the white metal it goes 63 point high at 1:57 pm to its last close. Crude oil loss it position due to the Middle East problem, the Asian market also not in the good position. The fiscal cliff gives a help to the crude oil from recovering to its position. Let see what US fiscal cliff change in the world of economic and commodity.

Today calls

 

Buy gold tgt 30950…31000……..sl 30600

Buy silver tgt 59700 …59800…59900……sl 59200

Mentha oil tgt 1370….1380…..1390…….sl 1330

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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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today commodity updates

Election in the Gujarat may work as the support level for the commodity market. Narendra Modi is the only one who is can change the map of India. Gujarat is most successful state in the India in the business term. Narendra Modi is the most capable person for the post of prime minister and it’s expected that he will surely win; the whole country is in the support of him if he is a business man or a normal person. On the MCX bullion is now again comes to its path, today bullion and top script are trading on the positive node. Today gold is move up by 130 from its previous close at Rs 31271;at 12:15 pm today gold is expected to be trading with a support level of 30850 and a resistance of 31700. Similarly silver is also in the good position to trade for intraday trader, today it takes a jump of 550 point and comes to 61850  from its last position of 61301. Meanwhile the crude and the base metal are also in the green side, crude oil for 18 December contract trading with a high of 29 points at 12:21 pm its previous close 4847.Meanwhile good news from the china market give a positive trend to base metal. The growth in the state sector investment helps the china economic which is recovering from economical damage. The manufacturing has gained a momentum with the help of strong output growth.  Job creation has recorded in the month of November for the 9^th successive month.

Today  MCX calls:-

Buy gold tgt 31300….31400………..sl 30900

Buy silver tgt 62000……….62100…….sl 61500

Buy crude oil tgt 4885…..4900………sl 4850

   

               

weekly mcx commodity news updates

BULLION

 In this week we see lots of up and down in the commodity market. In the starting of the week commodity goes a touch a new record of  the month but as day  goes  the commodity turn around to the another  direction. This week bullion is on the rock in the first 3 day but then market situation was changed and silver goes from 64000 to 61000 this week. Today on the MCX silver is trading on 61292 at 11.40 am. While the gold is also in the same situation today gold is trading on 31107 at 11.45 am goes 31 point high from its previous close.

CRUDE OIL

Meanwhile the other base metal is on situation of do or dies.  If we talking about crude the global situation affect it, while china has raised it import by 23%. In the report of IEA (International Energy Agency) stat that US will be the top oil producer by 2017, replacing the Saudi Arab and also US become the top Gas producer in the world by 2015. The economics growth of US wills going to enhance by this, US is still recovering from the great Recession.

CROP NEWS

Maize price in India has risen sharply in India in the November month, this year the Maize production is very low in the domestic market as well as global market. The demand of this crop is rising in the pot market. On the NCDEX Maize price were up by 0.6 percent at Rs 1506 per 100 kilogram at 14.14 IST on November, 30. Similarly barley price is also going high in the future trade due to lower production and  poor imports from major Barley producers like Russia and Ukraine. India is aiming to produce 1.5 million tons in the current session. In NCDEX barley price were up by 3.17 percent at Rs 1498 per 100 kilogram for January contract as of 16.45 IST on November 30.

Bearish gold silver commodity news

Today commodity is showing a red dark sign In the market, on the MCX there is a deep Sharp fall in all the commodity. In the domestic market this is the first time in this week when there is deep fall on the MCX. Today bullion break the back bone of the MCX by downing more then 800+ point combined, silver goes -600 point to its previous close while gold goes -250 point. Today the support for gold is31500 and resistance is 32471; similarly silver has a support level of 62250 and a resistance of 63580 for the December contract. This is the same situation on the crude oil but there is not too much fallen. Meanwhile in the global market base metal is also closed at lower side this is due to strengthen in the dollar price yesterday session.

Today Mentha oil has a good support level and is the top commodity that’s trading with a green sign. Mentha oil is going 22.90 point high at 1.54 pm on the MCX 30 November contract. Today there is a very high risk to trade in the market. The position is very unstable in the base metal and the market is looking to go more with red sign today. 

Today’s MCX calls:-

Sell silver tgt  62300….62350……………

Buy menthaoil tgt 1375….1380………..sl 1350..

Buy gold tgt 31650….31700..

                                                                                                                                               

commodities market news

In the global market gold make a very consolidate position, this year gold climb day by day. India again retained their number 1 position in the gold consumption. Finance minister and the RBI say that the gold position creates a pressure on the country economy. High importation of gold from any country disturbs the economic position. The global output of has been around 4,000 tons per year. But India’s domestic consumption of gold has more than doubled to 1,000 tons annually since 1999, in spite of the fact that the white metal prices have been steadily rising.

In the global crude Europe account for 16% of world crude oil consumption which is almost half of the US and CHINA consumption together. On the India MCX crude oil for December delivery has climbed up by 0.39% in the previous close

.

My personal opinion about bullion it that is goes more higher till the December and hold a good position in the market , Market is in good position to trade for commodities let’s see how far bullions breaks its previous records.  

mcx commodity trading tips

Today commodity market is moving with a slow movement, the entire commodity is trading is positive but the movement is very slow. Bullion market is very volatile today, silver price on MCX trading touch a high of 64133 with a day low of 63820.yesterday silver is closed at 63734,and its go 155 point high at 1.28 pm. While the yellow metal is breaking today not an enough move in the morning as compare to last week. Yesterday gold is closed at 32359 today its goes only 9 point high at 1.31 pm with a high of 32453. While talking about cotton market, Indian government not placed any ban for cotton export in this season of 2012-2013 according to the report of cotton advisory board (CAB). In the global market cotton price is decline due to the overstocking and lower global mill demand in the previous cotton season. On the MCX trading cotton is trading with positive sign with a rise of 50 point to its previous close. India cotton export is the highest in the 2011-2012 of 129 bales which is highest ever. Indian government increase the export duty on iron ore from 20% to 30%.the government has a proposal to ban export of iron ore according to the Indian Minister of mine.

Today’s calls:-

Buy cotton tgt 16260..16270……..16275………..sl 16230

Buy crude tgt 4930….4940….sl 4890

Buy silver tgt 63910…….63950…….64000……….sl 63400

today silver is going in the down position after the morning good jump. yellow metals also favoring the silver.silver current price is 63555 at   5.01 pm and is in buying position similarly  gold is also in the position to buy. while the base metal also not showing a good movement except cotton ,cotton is on the great position to buy.

today gold silver updates

The world largest bullion consumer India is taking an action to limit the import of gold; the country current account is deficit by 39% in the fiscal year of 2011-2012. India is the biggest importer of gold and oil. In the early of the November China replace India in the world biggest consumer of gold. On the MCX Mumbai today gold is traded with a positive movement rise by 160 point at 2.24 pm. In this last week bullion are the top commodities that jump a good point. Today resistance for gold is 32500 and support level is 32003. Meanwhile the white metal is on the top gear from the last week, in the global market silver is the top performing commodity this year According to BRTISH BANK. In the domestic market silver performing well and in a good position to buy.

Today’s calls

Buy silver tgt 63770..63800.63900…..64000…….sl  62600

Buy gold tgt 32430…32500…..32550……sl 32000

Buy  copper tgt 432.70…433…..434……….sl 430