Evening commodity updates|| Live MCX rate and Indian share market closing position

RBI may cut cash reserve ratio by 0.25 per cent on July 30, if it happen then its direct impact make more price fall in Indian currency and commodity.

Today Indian share market closes in positive side, 50 stocks Nifty were end at 5867.90 up by 30.95 while SENSEX closes at 19495.82 rises by 84.98 or 0.44%.

On MCX a low volatile trend is watched on bullion, meanwhile Energies stock rises on intraday trading. Crude oil makes a good recovery and expected to move on green side with a good positive trend on evening session. Move towards base metal not a high pick are watched on today session, all metal are watched on red color meanwhile some correction is being expected with small gain on opening position.

BUY GOLD ABOVE 26100 TGT 26150, 26200, 26300 STOPLOSS 25950

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MCX gold silver trading level || Evening MCX buy sell tips || live gold silver rates and MCX chart

Bullion

Gold price in global market hit a record low and comes below $1200 on Friday since August 2010. On spot market gold hit a low of $ 1180.71 an ounce. If we talk about domestic MCX market gold prices are trading flat bearish from its opening position 25247 for future active contract on intraday trading it touch a low of 24970, more depreciation are looking in evening session. Dropping in dollar against Indian currency fells gold price in domestic market. Moving towards white metal it trading against yellow metal with positive flag, on intraday trading at MCX silver prices are looking in good level but a fluctuation in silver prices are looking in evening trading session for future trading.

Energies

Crude oil and mentha oil are trading just in opposite direction, mentha oil are in positive direction after opening at 982.70 but on other hand crude oil  are looking in red side. Today at MCX crude oil open at 5840 and touched an intraday low of 5805. More depreciation is expected in crude oil with some correction in remaining session.

Base metal

MCX nickel, copper all are in bearish node for future delivery, today copper touch a low of 400.45 on intraday traded after opening in negative side at 402.65.

Nickel fall more than 10 point on intraday trade and touch a low of 818.50.

Lead touches a low of 121.50 and expected to trade more in deep red side.

Today MCX tips

Buy silver July above 38950 tgt 39000, 39100, 39250…..sl 38600

Sell gold August below 24990 tgt 24960, 24900, 24850… sl 25190

Sell crude oil July below 5805 tgt 5800, 5790, 5780…sl 5830

 Buy mentha oil June above 995 tgt 998, 1002, 1005… sl 975

Sell lead July below 122 tgt 121.50, 121, 120.50 ..sl 124.50

Evening MCX trend || active intraday mcx call || commodity update for today

Commodity market is full on bearish node, bullion show a huge depreciation on morning trade at Multi commodity exchange. On intraday trade bullion fall by more than -2000 point together in today trade at domestic MCX market.  Today gold prices open at 26535 and touch an intraday low of 25758 against its last close of Rs 26559. Spot gold fell by 1.4 percent to $1258.54 an ounce, while Comex gold fell to $1254.6 a 3 year low since September 2010.  More depreciation is experienced on intraday trade at MCX in gold and silver in today trade. Strong US economic data and sluggish demand result this destruction on intraday trade.  On evening trade more depreciation in might be watched while some correction is looked on today trade before closing.

 

If we talk about other MCX commodity a mixed trend are seen on Wednesday morning session. Crude oil for future delivery open at 5682 at MCX and show a mixed trend by touch a high of 5722 and low of 5653. In evening crude oil experienced with a same trend looking to positive side with a small downtrend at MCX.

   

In other energies commodity mentha oil seem to recover on intraday trading after 7 pm, at MCX for future delivery it traded towards negative side but on evening trade it looks with a volatile movement due to change in global data.

 

While talking about lead, copper and nickel are all trading below marking level, MCX copper for future delivery trading below its opening position at 402.40 and looking to trade with a same trend on MCX meanwhile a positive data must be seen in tomorrow trend. In other base metal zinc and aluminum are trading in positive side with a small correction in yesterday position.

MCX Aluminum for future trade trading above 104.25 while a zinc above   

108.25. More increment is looking as correction in Indian currency. All most traded metal are fall by a sharp edge and predicted to increment in future trading session.

 

 

Buy copper June above 402.50 tgt 403, 405, 407……sl 394

 

Buy nickel June above 824.50 tgt  826, 829, 834…sl  813

 

Sell mentha oil June below 991 tgt 985, 980, 970……………sl 1015

 

Buy zinc June above 108.50 tgt 108.75, 109, 109.50………….sl 107

 

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MCX report| future commodity trend for upcoming week and free commodity tips for Monday

Bullion

Indian currency diminishes and its affect are seen on commodity market, yesterday silver comes under pressure and break down through the level of 44000. While gold price also depreciated in domestic future and spot market, currently gold are trading in the range of 27400 to 28000, but more decrement must be seen in upcoming days. Due to weak rupees silver price are expected to come near 41000 in this month.

Energies

Increment in dollar price support crude oil in domestic and result oil price in green side above 5500, open interest also support the trend with good volume and in upcoming weeks crude oil prices are expected to be volatile.

In MCX for future delivery natural gas and mentha oil are looking to green side in upcoming weeks. Mentha oil is hopes to again cross the mark of 1000, but lower demand in Asian market forces him back.  Natural gas for future delivery gains its position with a sharp edge near 221 and expected to increment near to 225 in upcoming days.

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Base metals

On Saturday trading session base metal are trading in positive direction, nickel, copper, lead, zinc and aluminum all are looking lazy and weak but expected to good trading on Monday with volatile trend . Global physical demand in aluminum and copper are increased especially in china market and that support the Asian market.

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Evening commodity updates and MCX silver gold level | MCX lead zinc tips

Today silver are fluctuated on domestic market , silver for future delivery gain some good point on early trade after open 43054, on intraday it gain +300 point. Meanwhile after gaining an early up it fall sharply at MCX and touched a low of 42942.more depreciation are observed in MCX silver. In overseas market silver also fall down by early lead. COMEX silver are trading in the range of $22.30 to $22.90 a troy ounce.

Government are worried about gold import and say to take more action against gold, gold import are jumped by 138 % last month that’s push up trade deficit to $ 17.8 billion. Gold importation highly affected the GDP and that the main reason behind government taking a strict action towards import of gold and intimate to increase the import rate.

 Gold prices drop down after gaining a good momentum in domestic MCX, in upside it touch an intraday high of 26362 with a low of 26000.  

Movement is bullion is going to volatile in evening session and expected to trade mostly with green side.

Today natural gas following a negative trend with a low movement, on intraday trade it touch a low of 224.50, more depreciation is look to seen in evening session.  For today trading it is expected to trade in the range of 223.10 to 227.40.

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Buy lead May above 112.50 tgt 112.80, 113.40, 114 …………sl 111

 Buy zinc May above 101.60 tgt 101.90, 102.30, 102.60…………100.60

buy natural gas above 226 tgt 226.50, 227, 228..........sl 224

Buy gold June above 26050 tgt 26100, 26150, 26200……..sl 25900