MCX report and Commodity trend in upcoming week

Top Commodity bounce back again at multi commodity exchange, gold prices again raise towards good direction and a little sweet fragrance are coming from MCX gold. Currently gold is above 26000 a good jump in this end of the week after a huge fall on early of this week.  In upcoming week more positive reaction are expecting form yellow metal and many analyst believe that gold prices again playing at their top. Similarly white metal also tries to recover from a huge destruction. 

Currently silver is on green side with bit positive trend and expecting more hike in upcoming week.  Recently a silver price gains a good movement and crosses the level of 43000. In global market some volatility had seen in this week and hopes a positive trend in upcoming week.

Base metal at multi commodity exchange trade on light positive side on the end of week, Copper, nickel, zinc, lead and aluminum are following a good trend in overseas market. Nickel and copper and expected to go high in upcoming week in Asian market. In domestic market copper is trading above 376 and acquiring more correction. Nickel price are following a good trend but due to lower support at LME push it back, currently copper price are trading at 820.90 at 1.59 pm.

In upcoming week more correction might be seen in base metal with a good jumping in copper and nickel. While lead, zinc and aluminum are moving up with a small correction.

In Asian market crude oil prices are roses on Friday, whereas on domestic market crude for May deliveries are trading flat on Saturday at positive side. Currently Movement In crude oil is good for medium long term and in upcoming day again we see a mark of 5000 in May.

Mentha oil is too near to crosses the level of 1000, but a week response in mentha form overseas market forcing to trade in the range of 960 to 999. But it seems that soon mentha oil give a chance to see the level of 1000 in coming trading session.

MCX cotton are playing an up down position in this month, currently MCX cotton for April delivery are trading on the range of 16450 to 18050. This week cotton was very volatile and high on movement and same form are expecting in upcoming weeks.

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MCX gold tips,mcx silver tips, and accurate commodity tips for 13-03-13

Today MCX commodity markets are open on green side. Some negative movement had watched on the early session of MCX India. Today mcx yellow metal open slightly down from its last close at 29445. On MCX gold open at 29444 and in early morning it touches an intraday high of 29467 with a low of 29413.  Today MCX gold prices are varying in green side but movement is not very high, gold prices are varying between 29375 – 29500.silver prices on intraday trading is very volatile in morning it open is downside at 54875 and touches  an high of  54967 with a low of 54790. Today on silver open interest support the day trading with good volume.

Buy gold above 29450 tgt 29480, 29510, 29550….……….sl 29350

Buy silver above 54900 tgt 55000, 55100, 55200………….sl 54600

Today MCX crude oil open is positive side and for intraday its trend is looking bit positive this week. Today on intraday it touches an intraday high of 5053 from its last close at 5036.

Buy crude oil above 5050 tgt 5060, 5070, 5080…………….sl 5030

MCX cotton is ready on rock again on commodity market, today on intraday market cotton prices are open with a good hike and open at 18520 to its last close at 18460. On intraday it continues its yesterday fire work and touches an intraday high of 18620 with low of 18440.

Buy cotton above 18580 tgt 18600, 18620, 18650………….sl 18510

Today mcx calls

Buy nickel above 927 tgt 929,931, 935……….sl 919

Buy copper above 428.50 tgt 429.50, 430.50, 431.50…….sl 425.50

Buy mentha oil above 1224 tgt 1226, 1230, 1235…………sl 1213