MCX commodity report this week| gold trend ,support and Resistance and commodity updates for upcoming week

Commodity report this week

MCX bullion

this week gold and silver prices fall down sharply form a high level despite of a big festival Diwali and closes to 29705 per 10 gram at MCX . Many analyst believe that market expected to be volatile in upcoming week due to correction in Dollar prices after US job data up in October month. In global market gold prices fall around 2% to their lowest to $1282.69 an ounce since October 17. while silver price in international market down by 1.3% to $21.35 an ounce . In Indian market silver prices closes to 48144 after made a low of 48004 in Mcx for December delivery.

Gold support and resistance

S1: 29150 , S2: 29050

R1: 30300, R2: 30780

Energies

After a low week trend crude oil prices for delivery in November closes in positive zone to 5993 up by +53 point at MCX. In coming week crude oil look above 6000 due to strong demand raise in US market. While natural gas show a high increment on Friday that's close to 227.10 hope more in upside above 230 and hover between 225 to 237 in this week.

Mentha oil in this week look bearish overall will low correction is seen in November delivery. On Friday trading session mentha oil trade in upper side on morning but low volume break down to make a low of 870.10. in upcoming week we can see mentha oil above 870 within the range of 890.

crude oil support and resistance

S1: 5900, S2: 5800

R1: 6120, R2: 6250

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MCX tips: Today gold silver tips || Live spot rate and gold silver update for 04/10/13|| rupees gain 27 paise on friday

Indian rupees become more strong on opening of friday currency trade by gain 27 paise to 61.47 per dollar. A continous depreciation in dollar prices due to closing of government in US refuses all demand in US currency result negaitve at Inter bank Foreign exchange.

After yesterday positive volatile trade market open in a negative zone , today Mcx gold for future delivery open at bearish side at 29930 against its last close of 30204. silver prices also trading with bearish note after open at 48201 by losing -452 point on Mcx trading.

On spot market silver prices are trading around 47828 per kg on last closing, while gold price are watched near 29455 per 10 gram on India.

SELL GOLD OCT BELOW 29930 TGT 29900/ 29850/ 29800 SL 30060

SELL SILVER DEC BELOW 48150 TGT 48050 / 47900/ 47700 SL 48550

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Today Gold support and Resistance || intraday MCX tips, Crude oil trend for today and Lead level for 25 July

Oil prices fall on Asian trade , china slow economic down and strong US Dollar pressure result dropdown on Thursday Singapore trade. On early morning New York main contract WTI (West Texas intermediate) for September delivery fall by 57 cent at $104.82 a barrel.  On domestic commodity market crude oil open in negative side with a small loss against its previous close of 6267. On Thursday morning Crude oil for future delivery open at 6261 at MCX.

MCX Bullion is bearish after open in positive side. Today at MCX gold prices open at 27255 bit high from its last close at 27240. On morning trade gold and silver are expected to trade in down side. Today MCX silver open at 41452 on intraday trade for future delivery its previous close is Rs 41346.

Gold support and resistance

S1: 26950, S2:26850

R1: 27450, R2: 27565

MCX copper and nickel continue its worst session on Thursday morning too, today copper prices open at 419 down by 0.65 point for future delivery. Similarly nickel open in deep side at 843 its last close is 846.10.

Lead support and Resistance

S1: 120, S2: 119.50

R1: 122.50, R2: 123

Intraday MCX tips

SELL GOLD AUGUST BELOW 27180 TGT 27130, 27080, 27000 STOPLOSS 27350

SELL SILVER SEPTEMBER BELOW 41250 TGT 41170, 41100, 41000   STOPLOSS 41450

SELL MENTHA OIL JULY BELOW 893 TGT 891, 888, 885 STOPLSS 899

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16 July Evening Commodity tips for today || Live trading metal tips and MCX commodity updates and MCX chart

Today MCX trading with a low volatile movement not such big change are seen in commodity. All top trading commodities for future delivery are shows both color with a dull trend at MCX. Today MCX silver prices for future delivery open at 40826 and touch an intraday high of 41093. On Tuesday morning opening hour some movement are seen with a positive node but soon silver prices slip and touch a low of 40674. On intraday trade movement in gold are very weak gold prices are trading with a low movement. Currently gold is in good position on long term investment.  

Gold support and resistance

S1: 26315, S2: 26250

R1: 26625, R2: 26720

MCX crude oil are trading with a positive upper node, on intraday trade crude oil for future delivery trading flat within the range of  6260 to 6320 on morning and noon session but on evening trade some breaking level must be seen in volatile direction above 6300.

On energies today natural gas rocks the floor,  after a long time such movement had seen on natural gas sue to demand raise in physical buying in overseas market. On intraday trade for future delivery it touches a high of 218.70 and expected more increment in today trade at MCX.

On base metal at MCX a mixed trend are seen since morning , MCX nickel are near to touch a month low due to low  buying on physical market because of seasonal off in domestic market.  Currently nickel are trading below 800 and expected to trade around 790- 825 in today remaining session. However copper show some positive movement on morning trade for future delivery and touched a high of 417 , on evening trade a mild correction are going to seen in copper, lead and nickel.

MCX  calls

BUY LEAD JULY ABOVE 120.90 TARGETS 121.40/121.90/122.50 SL 120.15

Buy COPPER AUGUST ABOVE 415 tgt 417,419, 420   STOPLOSS   410

SELL MENTHA OIL JULY BELOW 917 TGT 915, 912, 909    STOPLOSS 925

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9 July MCX tips: today commodity updates gold trading level and intraday lead, copper, nickel tips

Today Indian commodity market open with a mixed trend and expected a volatile trend for whole day. MCX base metals are trading in negative side and advised to take short position for intraday trade. MCX copper, nickel, lead all are breaches form opening position and movement is look very dull and negative on domestic market.  However recovery may be seen on intraday trading at Multi commodity exchange.

MCX gold and silver prices are bullish on intraday trading, a good positive show are seen forming after a mild correction had seen on early in Indian currency.  Another reason that support bullion prices upside is that china inflation move up year to year this year it raised by 2.7% against last year. China inflation helps gold prices to trade above $1250 and last watched at $1253.10 up by 0.68%.  Similar trend is watched on white metal at MCX that rise by +250 point at 40638 and expected more increment on day trading.

Support and resistance

S1: 26000, S2: 25900

R1: 26489, R2: 26570

Crude oil continue felling on second day also which open at 6244 against its last close of 6250.  Global Brent crude is trading in red side at 107.31 by dropped -0.12 point. MCX crude oil is following a bearish trend and expected to trade in range between 6150 - 6320.  In energies after week positive start natural gas is fail to continue its positive track at MCX.  Today on intraday trade MCX natural gas is looks bearish for whole day in deep side below 226.

SELL COPPER AUGUST BELOW 414 TGT 413, 411, 408   STOPLOSS 420

SELL NICKEL JULY BELOW 810 TGT 809, 807, 804 STOPLOSS 817.50

SELL LEAD JULY BELOW 124.50 TGT 124, 123.50, 123 STOPLOSS 126

SELL CRUDE OIL  July BELOW  6200 tgt 6190, 6170, 6150 stoploss 6260

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5 July gold support and resistance || intraday MCX tips for today || Energies trading tips

Today MCX gold price open in upside with an increment in yesterday close, on intraday trading for future delivery it open at 26175 its last close is Rs  26143. Silver price for future delivery open in downside with a depreciation of -344 against its last close of 40484. If we talk of morning session bullion expected to trade in deep red side on intraday trade for future trade, while investor are waiting for US jobs data which may help gold prices to overcome in market.

Gold support and resistance

S1: 25810, S2: 25750

R1: 26350, R2: 26425

Intraday trading tips

BUY CRUDE OIL JULY ABOVE 6090 TGT 6100, 6130, 6160      STOPLOSS 6010

BUY NATURAL GAS JULY ABOVE 221 TGT 223, 225, 228 STOPLOSS 214

BUY MENTHA OIL JULY ABOVE 970 TGT 973, 977, 981 STOPLOSS 958

2 July copper trend || gold - copper support and resistance for today || intraday MCX tips for today trading level

MCX metals are on good position, today bullion moves upside with an increment in dollar. If we talk about base metal a low increment are seen on intraday trading at MCX for future delivery. This time is good to invest for medium long term, in base metal especially in copper and nickel and lead. Currently copper are near 3 year low on global market ,in china data showing a low manufacturing in June for metal demand.  But if we talk about domestic Multi commodity exchange a good rally has been seen yesterday that end at 417.15 and on Tuesday it open at 416.50. Meanwhile at LME copper traded near  $6887.25 per tones. On domestic market nickel prices are flows high on due to rise on demand from alloy industry. On intraday tradingnickel look in sharp side and expected to trade near 837-840 in today trade with an increment in this yesterday position.

Gold support and resistance

S1: 25800, S2: 25810

R1: 26285, R2: 26364

Copper support and resistance

S1: 411, S2: 409

R1: 420, R2: 424.50

BUY GOLD AUGUST ABOVE 26100 TGT 26150, 26200, 26350  STOPLOSS  25800

BUY CRUDE OIL JULY ABOVE 5830 TGT 5850, 5860, 5870 STOPLOSS 5790

BUY SILVER JULY ABOVE 40250 TGT 40300, 40400, 40500 STOPLOSS 40000

SELL MENTHA OIL JULY BELOW 980 TGT 977, 970, 965   STOPLOSS 995

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1 July gold - lead support and resistance || intraday MCX tips for today || MCX Live prices

Gold Support and resistance

S1: 25410, S2: 25300

R1: 25867, R2: 25959

Lead Support and resistance

S1: 119.50, S2: 118.30

R1: 123.70, R2:124.57

Intraday MCX tips

Sell silver July below 39950 tgt 39850, 39750, 39700 sl 40389

Sell copper August below 405 tgt 404, 402, 400… sl 411

Sell lead July below 121.80 tgt 121.20, 119.50, 119 sl 124.68

Buy gold August above 25700 tgt 25750, 25800, 25900..sl 25470

Sell natural gas July below 214.50 tgt 214, 213, 212.50.. sl 217