15-01-13 MCX commodity market news

Today on the MCX commodity showing lots of red, but top commodity are on the positive side. On the domestic market silver is going higher due to the pos t pone of GAAR (General Anti Avoidance rules). GAAR is post pone for 2 year and their effect on the domestic market showing a positive result On the MCX. In the bullion market it is expected that the movement in the silver is very volatile today, while gold is movement is looking positive due to the strength in the dollar price. In the early morning white metal is open at 58853, 110 point high to previous close 58743. In the morning silver show a good movement and touch an intraday high 58929 and a low of 58765. Currently bullion is trading with the green flag and move towards positive direction.

Base metal is showing a red sign on the MCX, nickel showing a positive move at 10:25 am. Movement on the nickel is expected low today .nickel is trading in the range of 937 to 954.  Copper for feb contracts is expected to trade positive today on the MCX.  On the Chinese market demand on the copper is expected to increase that will surely give some support to MCX copper position.

Today calls

Buy silver(5 march) above 58875 tgt   58900, 59000, 59100………………..sl 58332

Buy cotton (31 jan) above 16290 tgt  16300, 16320, 16340…………..sl 16200

Sell crude oil (21 Jan) below 5110 tgt 5100, 5080, 5070……………sl 5200

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09-01-2013 gold silver updates and commodity tips

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Gold and silver

Today the commodity market is showing a red card form the starting of the day .In the morning session bullion is looking  towards the positive side  slightly higher  to it last close. But after some good move bullion lost its position and drop again in another side. If we talking about gold it’s lost its position due to depreciation in the dollar price against Indian Rupees, dollar drop by 0.20 point.  In the morning gold open at 30940 and its show a depreciation of 51 point at 2:25 pm. Similarly silver also showing a red flag from the morning, today silver open at 58350 silver lost its position by 120 point at 2:28 pm.

Base metal

  In the base metal all are looking tired today no one is ready to go in the positive side from the morning but there is movement is expected in the domestic market after the 3:00 pm. Today the movement Is expected in the nickel and aluminium where the lead and copper is trying to recover its position.

Cotton

Cotton for January contract is moving on the red side, this year cotton is looking much volatile as compare to its previous year.  Movement in the cotton is reduced due to the lower demand. Cotton is expected to trade low in the first quarter this year.

It is advice to trader to hold the position for future where as intraday trader sell their position from the current  price.

Today calls:-

Buy silver (5 march) above 58400 tgt  58500, 58600, ……..sl 58190

Buy copper (28 feb)  above 449 tgt 449.50 ,  450…………..sl 446.50

Buy crude oil (21 Jan) above 5120 tgt 5130,  5150…..sl 4990

Buy gold  (5 Feb) above 30950 tgt 30980, 31050, 31100……sl 30810

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Today crude oil updates and commodity tips

CRUDE OIL

Global crude oil price move  slightly higher on Wednesday trading.In the china oil demand has risen by 9.1% in the last month with an average of 10.5 mn barrels per day. On the Indian  MCX  crude oil  is tarding positive on the Thursday morning its last close 4983. Currently crude oil is in the strong position with a good volume. Today crude oil is trading between 5074-4891. Recently Crude is recover  from the middle east tension in the global market. The Asian market is in the very good position for trading in the crude , while the US market is also consolidate its positon in the crude, it is expected that  Us wil become the top supplier to the end of 2016 in the natural gas and oil.

Today sell calls :-

SELL SILVER MAR BELOW 57450 TARGETS 57385 , 57300 , 57200 STOPLOSS 57577

BUY JEERA MAR ABOVE 14950 TARGETS 14980 , 15010 , 15050 STOPLOSS 14890

Sell gold  below 30610 ..tgt 30560 ,  30500,    sl 30800

Today buy calls :-

Buy cotton DEC  above 16430 ..tgt 16440, 16450, 16470, sl 16980

Buy mentha oil above 1398 tgt 1400, 1420,1450,,  sl 1350

Buy crude oil  above 5000, tgt 5015, 5025,,5030 ,sl 4970

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MCX updates today

Today commodity is running with a red flag, the movement is not very straight for trading. On MCX crude oil for 21 January contract is going 33 point downward to its last close at 3:21 pm. Crude oil situation is very volatile in the market and is expected that crude will seen more red in this week. The global market is also not is the good position crude loss their position day by day. While the copper for 28 February is also showing up and down trend from the Monday morning.  On the MCX copper current price is 436.35 down by 1.70 point to its last close. Today’s cotton give a high shock to all the trader by going 120 point low on the starting of the week at 3:27 pm. Cotton price is now in the very stable position and  to go some more low point in the today trading session. Its current price is 16550 for 31 December contract. Meanwhile the bullion is also showing red and green today, white metal is moving with a positive green sign, currently the position of silver is very good for trade and the movement is expected on the further trading.

Today calls:-

SELL COPPER FEB BELOW 436.50 TARGETS 435.4 , 433.9 , 432.4 STOPLOSS 439.9.

Buy silver above 58177..tgt 58250…58300….58400………….sl …57700

Sell crude oil below 4892……4885….4870…………..sl ..4925

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