19 July MCX tips: Today commodity metal updates , Intraday MCX trading tips and active commodity calls

After morning high bullish trend sliver price slip in domestic market, silver future rose by +250 point and touches a high of 40740 at MCX for September delivery.  MCX silver is on high volatile trend on intraday trade.  In the international market silver prices climbs up 0.60 percent to $19.52 an ounce in Singapore. Today silver prices are volatile on intraday trading and movement is bearish on afternoon trade.

MCX metals are turn to negative after morning low positive trade, nickel prices are trading in bearish side today. On Friday morning MCX nickel open at 834.60 and touch a high of 835.80. Lead price fell to continue its positive movement after a morning intraday high of 122.40.  Copper prices also drop on intraday trading at Multi commodity exchange and hit a low of 413.20 more decrement is expected in today trade with a low volatile movement.

INTRADAY CALLS

Buy gold August above 26750 tgt 26800, 26850, 26900  stoposs 26600

Sell silver September below 40450 tgt 40305, 40200, 40100   stoploss  40750

Sell crude oil august below 6450 tgt 6430, 6420, 6400  stoploss 6500

buy mentha oil above 910  tgt 913,  917, 925  stoploss  897

17 June support and resistance for gold and silver|| MCX silver tips|| MCX gold tips

Rupees down in front to strong dollar on early Monday morning, dollar gain +0.28 point and touch a high of 57.59 at 10:20 am.  Its direct impact had seen on early hour of trading, both gold and silver prices are looking to be volatile on intraday trading. On Monday morning gold open at green side at 27899 its last close is 27879.

Gold support and resistance

S1: 27650, S2: 27580

R1:  28000, R2: 28150

White metal for future delivery expected to be bearish with high volatile trend, on intraday trading for July delivery it touch a low of 43663, today it open at 43860 against its last close at 43834.

Silver support and resistance

S1: 43320, S2:43100

R1: 43950, R2: 44150

Intraday trading calls

Buy gold august above 27900 tgt 27950, 28000, 28100………….sl 27700

Sell silver July below 43700 tgt 43650, 43550, 43500………..sl 43950

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Rupees fall to 1 year low |what affect on commodity market and share market due to low growth rates| evening commodity gold silver nickel tips

Today India announced a growth figure for full year that fall to decade low of 5% that affect the Indian share and force it to trade in bearish side. Indian economy fight with high inflation and weak export demand that turn the GPD rate a lower side. While on other hand Indian currency touch a year low after a fourth consecutive day on Friday. Rupees slipped to 15 paise to 56.63 per dollar on the last day of month.   Some correction might be seen in Indian currency in evening session at FOREX.

GOLD & SILVER

In commodity market the affect on GPD and weak currency are seen in afternoon, after opening from a good level gold and silver fall from a sharp position. Today at MCX gold price open on green side at 27176 against its last close and touch an intraday high of 27308 with a low of 27175. In evening a high swing is experience with increment in domestic market. Currently silver are trading low due to depreciation in Indian rupees, today at morning session it perform well after opening at 44377 with an intraday high of 44660 and low of 44203. In evening a higher movement will be seen due to strong open interest that supports the trend.

BASE METAL

Base metal are showing a mixed reaction after opening a small lead from its last closes, MCX copper are trading in the  range of 412 to 414 In the two session while some positive move are looking in evening session. Today it open at 414.70 and touched an intraday high of 416.10 with a intraday low of 412.75.

Nickel for June delivery trade in bullish side after open in green side, with a small correction of 841.40 at 2:51 pm.    While MCX lead, zinc, and aluminum are trading with a both color with a slow pace. On evening trade all metal are expecting to show a green flag with an upside movement.

ENERGY

Crude oil trying to recover in domestic market but global cue pushes it back, in world market crude oil trading below $100 at 92.97 by losing 0.17%.  MCX crude oil is open at 5290 down side with a negative trend on Friday morning; on intraday it touches a high of 5325 with a low of 5272. Currently crude support a strong downtrend but a s small correction in expected in evening session.

Similar trend is following by natural gas at MCX for future delivery. Today natural gas is open at 229.60 and supported a bearish trend and touches a low of 227.30. In trade natural gas is looking to same trend buy I think a small correction will surely see for June delivery.

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Intraday tips

Buy gold above 27250 tgt 27300, 27350, 27400………sl 27100

Buy silver above 44300 tgt 44400, 44500, 44600………….sl 44000

Buy nickel above 842.50 tgt 844, 846, 850 ………………sl 836

  

Today MCX silver fall by more than 4%||Monday MCX commodity trend and MCX tips || live intraday tips

On Monday morning a huge destruction is seen in bullion in domestic market. Gold and silver shows a full of red after open in down side at MCX, gold for June delivery open at 25790 against its previous close at 25835. On intraday trade gold prices touched a low of 25374 and expected to more reverse movement in red side.

Intraday resistance: 25875 , 25940

Intraday Support 25300, 25210

MCX

Sell gold June below 25400 tgt 25370, 25330, 25250……………sl 25550

MCX silver for future delivery fell by more than 4% on Domestic market, today at MCX it open at 42550 and form that position it continue fall and touched an intraday low of 40749. Silver demands in domestic as well as overseas market not support the trend and fell to hold the market. Silver is looking bearish for medium long term and support a strong downtrend.

Intraday resistance:  42750, 42900

Intraday support: 40500, 40300

Sell silver below 40850   tgt 40800, 40700, 40600----………….sl 41800

MCX crude oil also follow bearish trend with bullion, today crude oil trend not supporting the open interest.  MCX crude oil for June delivery opens at 5291 bit low against its last close and touched an intraday low of 5266. Some correction might be seen in crude in evening session but for whole day it seems to be bearish.

Sell crude oil below 5300 tgt 5290, 5280, 5260……….sl 5340

MCX base metal supporting a mixed trend, copper are looking bearish after open at 405  and continue to fell from its opening position.  On day trading copper prices touched a low of 401.60 and expecting to more fall in today trading at MCX. While MCX nickel shows a mixed reaction for May delivery   after open at 813.20, on intraday trade it touch a high of 816.80 with a low of 811.40.

Sell copper June below 402 tgt 401, 400, 398……..sl 406

Sell nickel May below 812 tgt 810, 808, 806………..sl 818

MCX mentha oil looks positive in market and expected to show green, for today trading it support a bullish note. Today for future delivery it open at 930 and touched an intraday high of 943.20 with a low of 929.50.

Buy mentha oil above 938 tgt 940, 943, 950……….sl 926

  

17/05/13 MCX: silver| gold metal trend & tips | free commodity calls for today

Base Metal

On domestic market base metal are trying to recover against weak international cues. Today MCX copper for June delivery open at 401.40 and show a bullish trend with some negative flashes. On intraday trade MCX copper for June delivery touched a high of 406.30. Some more green color going to seen in evening trade at MCX.

Today MCX nickel for May delivery open in green side against its previous close, nickel open at 817.40. Nickel price move up by more than 050% today and some positive fragrance also seen in upcoming day in overseas market.  At, LME (London metal exchange), nickel traded at $ 14,900 per tones and also favors the domestic market trend. 

Lead, zinc and aluminum also follows positive trend and supporting a good level in overseas market.  Today leads for future delivery open at 109.40 and touched an intraday high of 110.45 and experienced higher trend with day passes.

Aluminum on intraday trade looks more positive in domestic market and expected to trade with a good range. For today trading aluminum are expecting to trade between 100.50 to 102.50 .

BUY LEAD MAY ABOVE 110 TARGETS 110.5, 111 , 111.5 STOPLOSS 109.1

BUY COPPER JUNE ABOVE 403 TGT 404, 405, 407   STOPLOSS 399

BUY NICKEL MAY ABOVE 819 TGT 821, 823, 825 STOPLOSS 813

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 Precious metal

Bullion looks bearish again on 5 day continue, gold prices following low level after opening at 26044 and follow a down trend with some volatility in early hour of trade. On intraday market gold for June touched a high of 26142 and low of 25926. While silver again fell to hold its ordinary show and drop down with a low of 42762 on intraday trade.

SELL GOLD BELOW JUNE 25970 TGT 25940, 25910, 24970    STOPLOSS 26970

SELL SILVER JULY BELOW 42850 TGT 42800, 42700, 42600   STOPLOSS 43100

  

MCX weekly report-today silver-gold tips- free commodity market movement and position for Monday

Gold price again jump on the domestic market and expecting to rose more. World largest gold consuming country India celebrate 2^ndbiggest day after Dhantaras on which buying on gold jump by more than 50%. Demand in gold is expecting to rise on auspicious gold buying day of Akshaya Tritiya on Monday. Many jewelers say that these demands are increasing year per year, and in April month gold import are raise by 68% to 118 tonnes from 70 tonnes a year ago.

This week gold prices was trade with a good level on the starting of the week but as day passes with color are changes and come to 26971 at 10:40 am on Saturday. In upcoming week gold price are expecting to shows a huge bright color on opening day. MCX gold for June delivery expected to jump high and make some good correction and trading above 27000.

Buy gold above 27000 with a target of 300 with a same Stoploss.

Resistance 27600, 27900 and a support level of 26450, 26000

Silver price are diminish on Friday by more than -400 point, but a good recovery had made on Saturday morning after opening by above more than +200 at 45221. In this week silver trade with a strong support and make some low volatile movement. But global silver position trade with low motion after affecting by Euro prices against US dollar.

In upcoming week silver price are expecting to rose by more than 700 point, and traded above 45500.

Resistance 45600, 46000 and a Support of 44700, 44000

FOR FREE TRIAL FILL FORM

Global crude prices make some correction and their positive result
also had seen on Domestic market. MCX Crude traded above 5200 and expecting to crosses the mark of 5300, currently MCX crude for May delivery are in good position to buy and hold it in future for a month. This year crude oil prices expecting to move high and crosses the mark of 5500.

Base metal is trading with a low volume and demand also not matches open interest. MCX metal copper, nickel, Zinc, lead and aluminum are traded flat in this week, but some correction are going to see in domestic as well as overseas market.

Support and resistance

BUY COPPER ABOVE 410 TGT 413, 416,420 WITH A STOPLOSS 400

BUY NICKEL ABOVE 848 TGT 850, 855, 860… STOPLOSS 836

BUY LEAD ABOVE 109.50 TGT 110,111,111.50... STOPLOSS 107.50

Movement in mentha oil and cotton are looking bullish and more improvement is going to watch on MCX in this commodity. In upcoming week mentha oil are trade with a volatile movement and might crosses the line of 900. While cotton for May delivery following reverse trend and expected to trade above 18000.

  

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