MCX market in upcoming week || intraday tips for Monday || Live commodity chart and price for MCX

Bullion (precious metal)

This week rupees touch a new low 59.93 after a US federal report that directly affects the Indian stock market which comes below 19000. But if we talk

about Indian commodity market a high volatile trend had seen in this week due to high up and down fear. On one hand yellow metal in domestic market traded in the range of 26000 to 27000 in this whole week due to decrement in global gold cue. In upcoming week gold prices are looking to go high for future active delivery on domestic Multi commodity exchange. In global market gold prices comes under $1300 and closes to $1286.20 an ounce at Comex.

White metal continue its worst session and fall below 42000 on Friday , but if we are talking about whole week a huge destruction have been made in silver that fall more than -1000 point and  close to 41497.  More depreciation is looking in white metal in upcoming weeks for July delivery.   

Energies

Energies are fluctuating on intraday trading, if we talk about crude oil prices some depreciation had seen on Friday trading while good movements are seen in this and crude oil kisses the level of 5600. As dollar prices increased against Indian Currency crude oil show an increment in domestic market while talking to international market it seem in other position and trading below $100 and closes at $97 per barrel.

Moving towards natural gas a pendulum are continue at Multi commodity exchange , currently natural gas are on bearish side but a fresh start with an increment in domestic market are looking on Monday  trade  natural gas for June trading expected to trade with  a support of 217 and a resistance of 236 in upcoming week.

Mentha oil in this week show a good swing and expected to be continuing same trend with small depreciation in upcoming week.  Mentha oil in upcoming week looks to move up with a support of 1005 and resistance of 1072.

Base metal

Base metals in this are very unconscious not such big movements are watched on metals, talking to copper and aluminum their global demands are increased especially in china market.   Whereas nickel prices are following down on domestic market and trading below 850 but some hike must be seen in base metal as correction in Indian currency. Lead and zinc are covered up with color in this week but in upcoming week some correction are surely seen on intraday and future trade.

Support and resistance

Gold

S1: 26815, S2: 26700

R1: 27359, R2: 27500

Lead

S1: 119.75, S2: 118

R1: 122.80, R2: 123.50

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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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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

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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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