MCX Gold Trend Today & Commodity Trading Tips 21 Oct

Bullion counter is expected to extend last week positive momentum as the end of US shutdown and resolution of debt stalemate supported the prices. Gold can trade in range of 29400--29850.

Gold futures ended Friday’s session lower, but prices were expected to remain supported amid speculation the Federal Reserve will maintain its stimulus program well into 2014 to support the economy following the U.S. government shutdown.

Still the gold has not breached the major support level of 29,100, although the gold has come down to it’s lowest level in the last 2 years. Commodity Experts are expecting that the gold on MCX may suddenly take a U turn in next week. Following the gold trend silver may also trade on the positive bias.

MCX Gold Support & Resistance Level for Today: MCX Gold is most likely to find the support level at around 29400 followed by the strong resistance at around 29800. Traders are advised to initiate the positions with the support & resistance level.

MCX Gold Trend & Weekly Outlook 12 Aug - 17 Aug

The Volume of gold trading in the commodity market is moving down day by day. From the trading volume point of view the gold used to stand among the top 5 futures contract commodities which is now not in the top 10 even. If we see the 2 months before trend of gold trading voulme on MCX, in the early 2 hours of market opening around 10,000 lots were being traded which has reduced to 2000 hardly. The volatile gold prices and the fluctuating currency keeps on restricting the investors away from the gold investment. After the commodity transaction tax the cost of gold trading has increased due to which the intraday traders are keeping themselves away from the gold trading. According to market survey it has been found that the market trading volume has reduced also the revenue was too much low as per the expectations. 

Following the last 3 days market trend gold is now koving up side to recover the prices. Also the RBI has introduced the policy to invest 22,000 crore in the open market so as to support the falling rupww. In the Next Week golf may proceed to move upside. 

MCX Gold Levels for Next Week: Support 27420-27240 Resistance 28140-28350

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Live Commodity Tips : Bullion Will Face Bullish Trend Today

Both bullion commodities yellow metals gold & silver started trading on the negative bias today in the morning session. Although the gold recovered from early dips silver is still trading on negative note. Fed has made it clear that it is going to purchase the bonds for next 1 month at least. Opaque official China PMI data may put a positive impact on the gold in the domestic market. For Intra day trading session the gold is expected to trade on the green bourses and may take the strong support at around 28000-28150 while resistance at 28500.

MCX Gold Tips for Today: Traders are advised to buy mcx gold at around 28240 for the intra day target of Rs. 28350 with stop loss at 28190.

MCX Silver Tips for Today: One may initiate sell position in the silver on MCX for the intra day target of Rs. 41420 with stop loss at 41550. CMP 41510. 

Commodity Market Will Face Bullish Trend Today

International commodity market is on the bullish side for the day trading session on Tuesday. Yellow metals may face the bullish trend in the domestic market also following the same trend. Gold has jumped to it's high of last one year in the global market & now it is witnessing the selling pressure. Nymex Crude oil is also trading with gain momentum in the market. MCX Base metals may trade on the consolidate trend today which may turn bullish in the evening session. 

MCX Base Metals View for Today: All base metals excluding the nickel on MCX will trade on the positive bias today. On the intra-day basis the MCX Nickel may witness the support level at around 830 will may drag down the prices further to 827 level. Resistance for the commodity is at 845-848 level. US data on Existing Home Sales was positive yesterday due to which the mcx base metals went up yesterday. The trend of the lead, copper is expected to remain on the upside.

Free Commodity Trading Calls for Today

• Buy MCX Gold (August) at around 27400 with stop loss at 26200 for the intra-day target of 27800.
• Buy Crude Oil (July) at around 6300 with stop loss at 6250 for the day target of Rs. 6400.
  
  

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Bullion Free MCX Tips Today: Gold Silver Bullish Trend

Bullion MCX Gold Silver Trend Today: On the intra-day as well as on the future's commodity gold chart the bullion mcx gold is bullish however one may find the sideways to bullish trend today on MCX India. August Future is bullish for the day as well. US Federal Reserve's has send an indication in the market which supported the gold in domestic market today. Following the gold in the domestic market the silver has been trading on the positive bias since Tuesday morning. 

MCX Gold Intra-day Tips for Today: Gold on Multi Commodity Exchange of India may trade on bullish to sideways for the day. Gold may find the the up side Resistance level at around 26300 while support for the gold is seen at 25800. Traders may initiate the buy position as bullion yellow metal is expected to move up at around 26100 to avoid any volatility for the intra day target of Rs. 26300. 

MCX Intra-day Silver Trading Tips for Today: MCX Silver is trading bullish today. Silver will find the support level at 39,900 followed by the strict resistance level at around 40,600. Traders are advised to take buy position with stop loss at 40100 for the target of 40,550.

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MCX Natural Gas Trend & Commodity Trading Tips for Today

MCX Natural Gas Trend Today MCX Natural is trading on positive bias right now but it may move down in upcoming evening session till 216 level. After breaking this level it may further move down. On intra-day MCX live chart the natural is expected to witness the support level at around 211 & after breaching this level it may test the 207 level. While on other hand the Resistance for the commodity is seen at 216-220 levels for the day. However, higher then expected US natural stock-piles are limiting gains in the natural gas futures to certain extent.

Natural Gas Trading Tips for Today Natural gas traders may take the sell position at around 215 with stop loss at 217 & can wait for the intra day target of 212-208.

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MCX Intra-day Free Tips : Nickel Lead Copper

MCX Base Metals Trend Today: Base metals may trade on the bearish side today on the Multi Commodity Exchange of India. Nickel & Lead will be the main base metals to watch out for the day. Aluminium, Lead & Copper will move up in the day trading session but Nickel will move down with the strong support at around 815 after this level It may move down further to witness a major fall today to reach 810. Aluminium & Lead will continue to trade on the positive bias for the day. Major economic decisions will be taken by the Government to recover Rupee against the Dollar in the domestic commodity market. Traders may take short position for the Nickel & long for the other base metals. 

Major MCX Commodities Support & Resistance Level for Today

• MCX Gold has the strong Resistance at 28200 for the down side support at 27399.
• MCX Silver may find the Support & Resistance Level at 42286 & 44445 respectively for the intra day session.

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Free Commodity Calls for Today : Copper, Natural Gas

Copper Trend Today on Multi Commodity Exchange of India (MCX India) is negative on international cues. MCX Copper has been trading in the range between 407-415. On the lower levels copper may find support at around 409 which further may fall to test 407 level, while the earlier resistance is seen at 413 which may further take the commodity to move up to test 417 level in today's trade.

Copper Trading Tips & Strategies for Today: Day Traders are advised to sell copper in evening trading session. Day Traders may sell MCX Copper at around 412 with placing stop loss at around 414 for the down side target of 407-405.

Natural Gas Trend Today on MCX India looks bearish, no further correction in the trend & price is expected from it till the evening session today. For the day trading session the commodity can be traded with the support & resistance levels of 212 & 223 respectively. 

Natural Gas Trading Tips for Today: Day traders may initiate the short position in Natural gas today. Take short position at around 218 & wait for the target of 212 with the stop loss at around 218.      

Free Commodity Trading Tips for Today : MCX NCDEX India

Due to the weakened Rupee against the Dollar in the USD/INR currency market the gold & silver commodities in the domestic commodity market (MCX India) are trading on bullish trend. The Gold trend today in the global commodity market is also bullish. Following the global cues the MCX India is trading on green zone. At moment the gold & silver are trading in green zone at 27700 & 43300 respectively. Commodities may further witness some more corrections in the prices as the day trading session progresses.

Red Pepper on NCDEX has climbed up by 1.5 percent to reach at Rs 5950. July futures of the commodity rose nearly 1 percent & is trading at Rs 6020. MCX Coriander may trade on the sideways to bullish trend this week on NCDEX India. 

Free MCX NCDEX Commodities Support & Resistance Levels for Current Week

• MCX Gold August : Trend : Sideways to Bearish, Support 26466, 26120; Resistance 27905, 28106.
• MCX Silver July: Trend : Bearish, Support 42741, 41833; Resistance 44807, 45833
• MCX Coriander July: Sideways to down on monsoon forecast, Support at 6425, 6320; Resistance 6950, 7000
• NCDEX Chana July: Trend Bearish; Support 3170, 3150; Resistance 3382, 3346.  

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MCX Gold Weekly Trend 10 June - 15 June : Free Trading Tips

MCX Gold Weekly Trend: MCX gold traded on the bullish to sideways trend in the last week. On the closing trading session of last week Gold witnessed a sharp decline in the prices. International commodity market had a great impact on the domestic commodity market of India. Gold on MCX India has been witnessing a major selling pressure now a days due the Federal Reserve Policy after the US employment data. Falling Rupee against the Dollar also played a important role in the gold tend last week. Further import duty on gold in India has been raised rapidly in the last couple of years. In the upcoming week gold on MCX India may trade on the bullish to sideways trend.

Weekly Gold Support & Resistance Level on MCX India: In the upcoming week i.e from 10 June to 15 June MCX Gold may trade in the range 27350-28400. Gold is expected to find support at 27300 and below that it may touch the level of 27100 followed by the Resistance at 28400 and above that it could touch the level of 28550.

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NCDEX Tips : Chilli, Jeera, Pepper, Turmeric, Cardamom Trend

NCDEX Market Trend Today :-

Chilli market at Guntur was closed for summer vacation & is expected to re-open only in June.

Arrivals of jeera crop were steady ~15,000 bags & the same were traded at auctions held at Unjha market. Spot rates were up & quoted around `124-`125 per kg while exchange crop was offered at `132-`133 per kg, as per local traders.

Spot rates of pepper garbled declined to `356 per kg and that of un-garbled was down at `341 per kg while arrivals declined to 38 tons & trades too were down at 40 tons at auctions held at Kochi market, as per IPSTA.

Arrivals of turmeric crop increased to 6,500- 7,000 bags at Nizamabad market, up more than 5,000 bags at mandis of Erode, but declined to 3,000 bags at sangli market.

Spot rates too were largely unchanged, across major trading centers. Average price of small cardamom declined to `526.3 per kg while maximum price offer

NCDEX Tips :-

Chilli (June) :- Trend - Down, Sell with the first target of 5600

Jeera (June) :- Trend - Up, BUY above 13,400, TGT1= 13530

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Commodity Trend Today 28 March 2013

MCX Gold Trend :- 

Prices have breached crucial resistance of 29800, but failed to close above the same on weekly basis. We can expect some recovery till 30,000-30,050 levels upside is expected only above the given level. However, overall trend still remains bearish. Other Resistance are seen at 30,814 (200-day SMA) & 30,515 (100-day SMA)

NCDEX Pepper trend :- 

Pepper has broken down from an upward sloping channel. On a longer time frame it has faced resistance at the 20-weekly simple moving average. It is currently trading below the 20-and 40-daily moving averages (DMA’s) i.e. Rs36,308 and Rs36,910 respectively, which are crucial resistances for the agri-commodity in the short-term.

NCDEX Tips : Cotton, Kapas,Cardamom,Jeera

NCDEX market is trading mixed with various commodities trending up and down. Today on 18th March we will discuss about NCDEX commodity market and this blog will give you the detailed information and Live commodity Tips. 

NCDEX kapas (raw cotton) seems to be bearish, says our technical commodity experts. If we talk about, long term and short term they are expected to trade on good note and uptrend.  Global economic expectation giving strong push to the cotton prices, help it to grow bullish in coming phase.

For now, we recommend "Sell On Rise" Strategy.

On the other hand, Chana on NCDEX is showing sideways trend

Jeera Outlook :-

Jeera prices are playing between 13300 to 13400 range. Prices will stay well above 13 and 22 day  EMA support at 13270 levels. Un-fortunately, if prices skid the base at 13190 could extend selling pressure towards 13000 levels.

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1. BUY KAPAS ON DIPS

2. SELL CARDAMOM ON PULLBACKS

3. BUY JEERA ABOVE 13550

MCX Commodity Trend Today 14 March

MCX Bullion Metals (Gold Silver Tips) :

On the global front, gold fell on Wednesday following the Asian cues. Gold silver trend for today is expected to be down, Our experts recommend sell on MCX Gold and silver.

MCX Gold : Sell at 29500 SL 29550 Tgt 29430

MCX Silver : Sell at 54600 SL 54800 Tgt 54200

MCX Base Metal Updates :- 

If we talk about copper in base metals then, it is trading down from one week, our experts recommend buy on dips strategy 

MCX Copper :- Buy at 426 SL 424 Tgt 429

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Commodity Trend Today : Gold Silver Copper

MCX Gold Trend (5 Apr) :-

TREND: BEARISH

RES 1: 29450,RES 2: 29625

SUPP 1: 29250,SUPP 2: 29125

STRATEGY: BUY ON DIPS

MCX Silver Trend (4 May) :-

TREND: CONSOLIDATE

RES 1:55050,RES 2:55550

SUPP 1:53800,SUPP 2:53000

STRATEGY : SELL ON HIGHS

MCX Copper Trend (30 Apr)

TREND: BEARISH

RES 1: 428.0,RES 2: 430.5

SUPP 1: 424.0,SUPP 2: 421.5

STRATEGY: SELL ON HIGHS

Bullion Outlook : Gold Silver Tips

MCX Commodity trend today, commodity tips, MCX Intraday calls, gold updates, bullion tips, commodity MCX Tips

Bullion Outlook :- Gold futures on domestic exchanges were trading higher tracking marginal gains in COMEX futures and a weak rupee against the dollar. On the COMEX, gold futures were trading slightly higher on bargain hunting after the recent correction in prices. But, a strong dollar against the euro capped the upside in prices.

MCX Gold Tips:-

MCX Gold April Contract is looking negative for the day. Market may find support near 30420 & 30310; intraday resistance can be seen near 30560 & 30670. Day traders are advised to sell intraday on rise. (Sell around 30560 with SL 30670, for the target of 30420 & 30310.)

MCX Silver Tips :-

MCX Silver March Contract is looking negative for the day. Market may find support near 56500 & 56000; intraday resistance can be seen near 56900 & 57400. Day traders are advised to sell intraday on rise. (Sell around 56900 with SL 57400, for the target of 56500 & 56000.)

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MCX Bullion Tips : Gold Updates 4 March

MCX Gold Trend :-

On MCX, Gold rebound from previous week’s low of 29263 towards the high of 30139, but was unable to hold gains and retrace back to 30000 below range and settled near 29740, a little bit up from previous week closing  price of 29605

MCX Gold Technical Outlook :- 

Gold's rebound attempt was  limited  by 30200 resistance and  weakened towards the end of the week. near term outlook stays bearish and recent fall from 33564 is still expected to continue. Below 29200 will target 29000  psychological level & 28700 important support. Though, we'll be cautious of bottoming sign there. Meanwhile, sustained break of 30200 will indicate short term bottoming and bring rebound. But break of 31000 psychological level is needed to indicate reversal.

Or risk will stay on the downside. In the long term picture, with 27600 support intact, there is no change in the long term bullish outlook in gold. While some more medium term consolidation cannot be ruled out.

Recommendation - Short to medium term trader can buy on dips of 29300-100 with stop below 28600 on weekly closing basis for immediate target of 30400 and 31200 (traders can  also  buy  mini lots of 100 gram and 8 gram  for short term investment)

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Bullion Metals : Gold Silver Tips

Gold in India will follow international prices as currency markets are closed today. Gold for April delivery on the Multi Commodity Exchange (MCX) was down by 0.06% at INR 30,176/10gms. Gold prices are expected to be weak as uncertainty regarding the automatic spending cuts from March 1 will lead to a stronger dollar internationally and can put pressure on prices.

                                                             MCX Gold Silver Tips :-

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MCX Commodity Tips : Gold Silver Outlook

Commodity market today opens on a firm note. On the international market, bullion metals gold and silver trading down on the back of stronger dollar.  Low demand in China due to Lunar New Year holidays can push prices down.  Gold in India is likely to move down. However the downside will be limited due to a weaker rupee. Gold for April delivery on the Multi Commodity Exchange (MCX) was 0.28 percent up at INR 30,796/10gms.

MCX Gold Tips :- BUY MCX gold at Rs 30,650 per 10gm, stop loss for this trade below Rs 30,520 per 10gm and expect target of Rs 30,850-30,930 per 10gm

MCX Silver Tips :- Sell MCX silver at Rs 59,000 per kilogram with a target of Rs 58,000 per kilogram.

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NCDEX Tips : Chana Trend 7 Feb 2013

NCDEX Chana Trend :-

Overall trend of Chana on the NCDEX for April delivery is looking bearish for short and medium term due to supplies from the new season crop. Over all trend of Chana on the NCDEX for April delivery is looking bearish for short and medium term. Support for the commodity is seen at 3320 level while 3470 is the resistance. Traders are advised to follow sell on rise strategy for the commodity

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Crude Updates : MCX Crude Oil Trend Today 4 Feb 2013

Crude oil trading lower on the international front. According to the commodity news and world market updates Crude oil which closed marginally higher last day is trading on a swing note indicating down trade. March 2013 light sweet crude oil (WTI) futures at COMEX dropped by 18 cents or 18% to USD 97.59/bbl as at 09.55 am IST. Geopolitical uncertainties in Middle East and Africa have added to Brent crude oil prices, widening the premium between Brent futures and WTI crude oil.

On The domestic market, MCX crude oil is also effected by the international market. 

On the International front :-  Major Support for WTI at USD89, Bullish above USD 91

Domestic Market :- Sell at 5180, Stoploss 5200, Target 5150.

NCDEX Tips For Today :-

1. SELL DHANIYA ON PULLBACKS

2. BUY CPO ABOVE 456

3. SELL KAPAS ON PULLBACKS

MCX Commodity Updates || Gold Silver Levels

MCX Commodity Updates :-

1. Gold fights to hold ground above key level, fed in focus.

2. Copper rises on signs of employement data.

3. Oil hits three- month high on economic optimism.

4. Soyabean traded slightly down in major spot markets on wednesday. Meanwhile, soya futures traded slightly up on buying support

MCX Gold Levels :-

MCX Silver Levels :-

Live MCX Data : Gold Updates and Tips

The Indian Rupee appreciated by 0.7 percent in yesterday’s trading session. The currency appreciated on the back of cut in the repo rates and reverse repo rates by the central bank which led to increase in  expectations of more foreign inflows.

MCX gold for delivery on February 13 was seen trading at Rs.30284/ 10 grams a gain of 0.15%

MCX Bullion Today : Gold Silver Trend -

In today’s session, we expect precious metals to trade higher on hopes that the US Federal Reserve might continue its bond buying program until first quarter of 2014 to bolster growth of the economy. 

Apart from this, weakness in the DX is expected to  push prices upwards.  In the domestic markets, appreciation in the rupee is likely to cap gains in the precious metals.

NCDEX Tips : Castor Seed Tips -

The overall trend of castor seed on the NCDEX is looking negative in near term. The commodity is expected to trade positive if it breaks and sustain above 3620 level. Support for castor seed is seen at 3490 level. Long term traders should enter buying side only above 3620 level

MCX Commodity Weekly Report and Tips 21 Jan to 26 jan 2013

MCX Bullion Technical Outlook :-

Bullion futures contracts are likely to trade lower next week due to appreciation in the rupee, and long liquidation in benchmark COMEX contracts.

MCX Gold Feb contract has turned negative on chart and expected to remain weak unless trades above 31210. Market will turn positive if market holds and trades above this.

Traders can sell on small pullback; initial targets are seen near 29930 and 29347 if market breaks critical support of 30300.

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MCX Copper View and Recommendation :-

MCX Copper Feb contract may trade higher unless support of 430.4 remains intact. Market was trading in range of 436-442 most of the time last week, and waiting for a break out above 445 to confirm further uptrend. While short term trend is still positive and traders can buy on dips.

Recommendation – Traders can buy on dips near 438-435 with stop below 430 for target of 450 and 463.

Crude Oil Trend and Trading Tips :-

Crude oil may trade with a positive bias on support from upbeat data releases from the US and China. US Labor Department reported a drop of 37,000 in initial jobless claims to 335,000 in the week ended Jan 12, while China's Oct-Dec GDP grew 7.9% on year, beating market expectation of 7.8% rise.

Besides, reports of militant attack on gas field in Algeria would also support oil prices this week, as the recent development has raised tension in the region. Algeria is not only a leading gas producer, but also produces 1.2 mln barrels of crude oil per day. Fall in Saudi Arabia's crude oil output would also support prices this week.

MCX Tips : Gold Silver Copper Crude

MCX commodity market today opened on a positive note. Market is expecting good up moves today. Following are the gold silver copper and crude trend for the day :-

MCX Gold Trend Today :- 

Gold prices are expected to trade negative prices are expected to test 30600 – 30400 on lower end. Selling on rise is advised maintaining a stop loss above 31200.

 MCX Silver Trend :-

Silver prices are expected to trade within a range from 57200 to 58350. One can trade within the range with a negative bias. Sell around 58200 - 58300 with a stop loss above 58650.

Copper MCX Trend :-

Copper prices are expected to trade positive one can buy around 451 with a stop loss below 447. Prices are expected to test 455 – 457.

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Bullion Updates : Free Gold Tips 3 January

Gold Trend || News and Updates :- 

Gold is expected to go up as fiscal cliff deal continues to attract investors. Gold in India is expected to be higher due to weaker rupee and demand from rural areas. Gold for February delivery on the Multi commodity exchange (MCX) was 0.50% up at Rd 31,042/10gms.

Gold firmed on Thursday after global stocks rallied on a last-minute deal in Washington to prevent the U.S. economy from plunging into recession, but investors remained cautious as they turned their attention to tough negotiations ahead. India's central bank has asked that volume and value restrictions be placed on gold imports by banks and agencies.

SPDR Gold Trust the world's biggest gold-backed exchange-traded fund, remained unchanged at 1349 tons on Tuesday.

Outlook: Gold is expected to trade with positive bias and later take cues from US FOMC meeting minutes.