19 August gold-crude-copper support and resistance || today MCX tips and commodity prediction for upcoming week

This week a bullish trend is seen in Domestic as well as Overseas commodity market. Firstly , if we talk about most traded gold and silver prices they are jump in the market due to low currency and increment in physical buying. This week gold prices knock the door of 31000 and very soon seen above 31000. whereas on other hand silver prices flow over 51000 and touch an intraday high of 51198. coming week are very precious as for investor in which a lots of profit are going to seen on intraday trading.

This is very good time to book to profit in gold above 32000 and in silver between the range of 53000 to 56000 for long term investor. Meanwhile a short term investor can book profit at any position in upper side as per their requirement.

 

In coming week more increment are going to watch but in middle some bounce back might be watch if some recovery had seen in Indian Currency.

Energies commodity are looking in good position , Mcx crude oil for future delivery yesterday touch a level of 6700 and touch an intraday high of 6740 in coming session some up and down are might seen while some positive recovery also going to seen at MCX. Natural gas and mentha oil also seen in positive sid ein upcoming session. On SaturdayMentha oil is trading in negative side at 871.60 while natural gas are in positive side at 211.90.

In base metal copper , nickel , lead and zinc perform well in this week at MCX for future delivery . In upcoming week all base metal are looking in upper note and make some correction in their position.

Gold support and Resistance for Monday

S1: 30225 , S2: 30000

R1: 31350, R2: 31500

Crude oil Support and resistance for Monday

S1: 6650, S2: 6610

R1: 6825, R2: 6880

Copper support and Resistance for Monday

S1 : 455 , S2: 450

R1: 478, R2: 483

Today MCX calls

BUY GOLD OCT ABOVE 30770 TGT 30800, 30850, 30900 STOPLOSS 30650

SELL NICKEL AUG BELOW 935 TGT 934, 932, 930 STOPLOSS 939

MCX india : Commodity market report || weekly commodity updates and gold silver trend || 9 July mcx intraday target

Bullion

This week MCX market shows a various phase, MCX bullion are volatile in this week which traded mostly in green side with a low movement. At MCX for future delivery gold price traded flat with a mild correction above 25550. At MCX In upcoming week gold prices for future delivery looks to fall on intraday trade below 26000. Meanwhile silver looks volatile below the range of 40000 for future trade. For intraday trader commodity market is very risky in upcoming week and advice to take a long position.

Gold support and resistance for Monday

S1: 25720, S2: 25650

R1: 26500, R2: 26659

Energies

In this energies are on top gear, a good correction are seen on Friday on crude oil for future delivery which kisses the  mark of 6300 and expected to move more in upside.  Time is very good to invest in crude oil for long term on commodity market which looks a sharp increment. Meanwhile natural gas and Mentha oil are trading with a mixed trend, natural gas are looking to trade in the range of 216 to 228. Movement is mentha oil are expected to rise on intraday trade, currently mentha oil is on weak side that trade near 950, but a sweet fragrance come to move upside but traded below 1050 in coming days.

Base metal

Base metal especially copper and nickel are trading below the level in this MCX and nickel in traded on negative side. On Domestic market MCX copper for future delivery expected to looks over in coming day due to demand rising in alloy industry. Nickel, zinc, lead and aluminum are also look positive on closing day of week.

Zinc support and resistance

S1: 118.50, S2: 118

R1: 115.50,R2: 116.20

Nickel

S1: 808, S2: 805

R1: 826, R2: 835

Lead

S1: 123.30, S2: 122.75

R1: 127.65, R2: 128

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MCX tips : MCX gold tips|| silver tips today || commodity forecast

Today market is looking bearish and not impressive trend had seen since morning at domestic commodity exchange. On intraday trade gold and silver prices are falling down by more than -500 point together. Gold future active delivery open at 26886 on Multi commodity exchange and touch an intraday high of 26957 with a low of 26761. In global market gold prices are following green signal by gaining a 0.64% at 1294.10. In evening trade yellow metal might to some correction at MCX with positive trend. If we talk about other commodity a bearish lazy trend looks on intraday trading on Friday trade.

Intraday commodity tips

Sell gold August below 26770 tgt 26730, 26680, 26600…………..sl 27000

Sell silver July below 40800 tgt 40750, 40650, 40500…………sl 41150

Sell crude oil July below 5690 tgt 5680, 5670, 5050……………..sl 5750

Sell nickel below 814.50 tgt 814, 813, 810…………..sl 820.50

Future calls

Buy lead June above 119.50 tgt 120, 122, 124……………sl 113

Buy zinc June above 107 tgt 108, 108.50, 109…………….sl 104.50

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  In upcoming week bearish trend are looking in domestic commodity market are experienced a negative movement at MCX.  In MCX commodity especially bullion done a  firework on intraday with a movement in both direction, gold is expected to trade below 27450  whereas silver prices are looking to touché 40000 mark soon at Multi commodity exchange.