MCX Tips India

Indian Commodity Market Updates

noreply@blogger.com (Ashish Yadav) — Thu, 12 Jul 2012 18:25:00 +0530

Commodity Forward Markets Commission (FMC) has proposed the SEBI for creating a common KYC.

FMC claims that both the brokers and traders in financial markets will facilitate doing business.

KYC is that policy, in which the information of regulator exchange of business is available.

MCX Crude Trend for This Week (13th - 17th Feb)

noreply@blogger.com (Ashish Yadav) — Mon, 13 Feb 2012 10:53:00 +0530

Crude (March):- NYMEX Crude is in consolidation phase. Last week Crude Oil was up for most part of week. For this week 90$ and 85$ will act as major supports and 105$ and 110$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 5300 and 5550 and major supports will be 4700 and 4500.
Resistance: 106.91 - 100.62.
Support: 96.28 - 89.55.

Strategy: For this week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 99.00 $ a barrel then above the level of 99.50 $ a barrel it can test the level of 100.30$/101.20$ a barrel and in MCX if Crude sustains above 4930 then above 4960 it can test the level of 5010/5070 in this week. Trade by keeping the proper stop loss.

MCX Bullion Trend for This Week (6-10 Feb): Gold Silver Tips

noreply@blogger.com (Ashish Yadav) — Mon, 6 Feb 2012 10:51:00 +0530

Gold Updates
COMEX Gold has given downside movement at the last days of the week after consolidation in the initial days of the week. In this week 1650 $ will act as a major support in COMEX Gold and 1805 $ will act as a major resistance.
Resistance: 1841 - 1766.
Support: 1715 - 1640.
Strategy: For this week traders can use sell on higher level strategy if COMEX Gold sustains below the level of 1740$ an ounce, then below 1715 $ it can test the level of 1675$/ 1640$/ 1600$ an ounce. And in MCX Gold below 28000 it can test the level of 27700/27550. Trade by keeping the strict stop losses.

Major support for COMEX Gold in the coming week is 1700$ and 1660$.

Major resistance for COMEX Gold in the coming week is 1770$ and 1805$

Major support in MCX Gold is 27500 and 26800

Major resistance in MCX Gold is 28400 and 29100

Silver Updates
COMEX Silver is technically consolidating on the charts. Last week COMEX Silver was sustaining at higher levels but at the last day of the week it showed downside movement. For this week 3150 $ and 3000$ are the crucial supports and 3600$ and 3800$ are crucial resistance in COMEX Silver. In MCX Silver 58000 and 60000 will act as major resistance and 54600 and 52400 will act as major supports.
Resistance: 3666 - 3446.
Support: 3298 - 3074.
Strategy: For this week traders can use sell on lower level strategy if Silver sustains below the level of 3400$ an ounce, then below 3290$ COMEX Silver can test the level of 3200$/ 3130$/ 3070$ an ounce. And in MCX Silver sustains below 56100 then it can test the level of 55400/54800/54300, Trade by keeping the proper stop losses.

Crude Updates: Trend and Outlook

noreply@blogger.com (Ashish Yadav) — Fri, 3 Feb 2012 11:48:00 +0530

Yesterday, Crude Oil fell dur to weak demand which continued to generate bearish sentiment. Today, Crude Oil prices are expected to trade higher as the prices has tested important support around 4700. The prices are expected to test 4782 – 4800 resistance levels.

Crude Oil (Feb) Support: 4752 - 4852.
Resistance: 4873 - 4953.

Gold Silver Trend: MCX Bullion Outlook

noreply@blogger.com (Ashish Yadav) — Tue, 31 Jan 2012 11:47:00 +0530

Gold
Today, Gold prices are witnessed with a gap up opening, the prices are expected to test 28245 - 28295, traders are advised to buy Gold on dips around 28095 - 28065.
Gold (Feb): Support- 27695 - 27995
Resistance: 28145 - 28345.

Silver
Today, Silver prices are expected to test 57495 – 57995 on higher end, traders are advised to enter with a long position around 56795 – 56895.
Silver (Mar): Support- 54800 - 56500
Resistance: 57490 - 58695.

Crude Updates: Trend and Outlook

noreply@blogger.com (Ashish Yadav) — Fri, 27 Jan 2012 11:33:00 +0530

On Wednesday, Crude Oil closed at 4992 and in the early session Crude Oil futures rise above $101 per barrel as Iran threatened an immediately halt crude oil sales to the European Union and as US economic indicators showed an improving economy.
Crude Oil continued it's positive momentum, falling short of the $100 per barrel mark as US stocks turned negative while the dollar recovered and mixed macroeconomic data's.
Resistance: 5,042 - 4,983
Support: 4,914 - 4,904.

Strategy:- Traders are advised to buy Crude Oil (Feb) for long-term with stop loss placed at 4537.02 and can sell for short-term with stop loss placed at 5178.63.

MCX Bullion Tips: Gold and Silver Outlook

noreply@blogger.com (Ashish Yadav) — Tue, 24 Jan 2012 11:12:00 +0530

Today, Gold and Silver prices are expected to trade lower, as worries with respect to Greece rise and this could lead to risk aversion in the global markets. Yesterday on MCX, Gold (February) rose around 0.21% and touched intra-day high of Rs 27,593 and closed at Rs27,510, whereas on MCX, Silver (March) rose around 1.31% and touched intra-day high of Rs56,489.

Technical Levels for Today
                 Unit          Support        Resistance
Spot Gold                  $/oz           666/1653          1678/1691
MCX Gold (Feb’12)   Rs/10 gms 27413/27309    27610/27710
Spot Silver                $/oz            31.76/31.23      32.57/33.09
MCX Silver (Mar'12) Rs/kg        55034/54449     55869/56289

Crude Updates

noreply@blogger.com (Ashish Yadav) — Mon, 23 Jan 2012 10:30:00 +0530

NYMEX Crude is in consolidation phase. Last week Crude Oil was up for most part of week but was not able to sustain neither at higher level nor at lower level. For the coming week 85$ and 80$ will act as major supports and 105$ and 110$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 5400 and 5600 and major supports will be 4700 and 4400.

Resistance: 107.95 - 101.06
Support: 96.81 - 91.11

This next week traders can use sell on higher level strategy, if NYMEX Crude sustains below the level of 100.00 $ a barrel then below the level of 97.90 $ a barrel it can test the level of 96.80$/95.20$ a barrel and in MCX if Crude sustains below 5030 then below 4950 it can test the level of 4910/4850 in this week. Trade by keeping the proper stop loss.

Crude Oil Updates: Trend and Outlook

noreply@blogger.com (Ashish Yadav) — Fri, 20 Jan 2012 11:38:00 +0530

Today, Crude Oil prices are expected to trade on a positive note, as market sentiments are witnessed positive and a weaker dollar will help for the upside support. Little pull back is expected to be seen during Asian session due to higher equity market. Traders are advised to sell Crude Oil on higher levels.

Technical Levels for Today
                                     Unit    Support        Resistance
NYMEX Crude Oil      $/bbl      99.79 - 98.89   101 - 101.94
MCX Crude (Jan’12)   Rs/bbl     5057 - 5024     5119 - 5170

Gold and Silver Updates: Crude Oil Trend

noreply@blogger.com (Ashish Yadav) — Thu, 19 Jan 2012 09:26:00 +0530

In the International market Gold and silver is looking sluggish. On Comex gold is trading closer to $ 1664, while silver is trading flat. But prices are still above $ 30. On Wednesday, Gold in the Domestic market closed with nearly 1/2% decline around Rs 27,473, while Silver closed with a lead of 1/2% around Rs 53,474.
In the International market Crude Oil is trading in a bullish trend. On Nymex Crude Oil is trading with a rise of 1% above $ 101.

Gold and Silver Outlook: MCX Bullion Tips

noreply@blogger.com (Ashish Yadav) — Tue, 17 Jan 2012 09:56:00 +0530

Gold and Silver in the international market has rised strongly. On Comex Gold is trading with nearly 1.5% faster around $ 1653, while silver gained 2% and is trading above $ 30. In the Domestic Market Gold was closed with slight decline around Rs 27,500 on Monday, while Silver was closed with nearly 1/2% gain around Rs 52,350.

MCX Commodity Updates for Today: Gold Silver Copper Crude News

noreply@blogger.com (Ashish Yadav) — Fri, 13 Jan 2012 10:18:00 +0530

A sharp decline in Gold and Silver in the International market has been witnessed. On Comex Gold is trading with a decline around $ 1,644, while silver is trading slightly above $ 30. Yesterday (Thursday), gold closed around Rs 27,644 with a slight decline in the domestic market, while silver closed around Rs 52,744 with an edge.
In the International markets a surge is being witnessed in crude oil. On Nymex Crude Oil is trading with 1/2% rise close to $ 100. On Thursday, crude oil in the domestic market closed with almost 1/2% down around Rs 5253.
Copper on the London Metal Exchange is trading with 1/2% decline. On Thursday, Copper in the domestic market closed with nearly 2.5% rise at Rs 417.

MCX Silver Updates

noreply@blogger.com (Ashish Yadav) — Wed, 11 Jan 2012 11:12:00 +0530

Yesterday, MCX Silver (March) contract rose around 1.5% and touched an intra-day high of Rs53,018/kg. Today, Silver prices are witnessing buying interest as crossed the hurdle of 52410, therefore, traders can expect prices to test 53510 on higher end which seems to be a important resistance for the counter.

Technical Levels for Today
Silver (March)
Support: 51750 - 52450.
Resistance: 52840 - 53550.

Gold Silver Updates: MCX Bullion Tips

noreply@blogger.com (Ashish Yadav) — Tue, 10 Jan 2012 11:43:00 +0530

Today, Gold and Silver prices are expected to trade in a sideways bias, and will take cues from a stronger dollar and choppy sentiments in the global markets. Gold prices are witnessed a bounce from the support level of 27610 till 27767, but closed below 27610 which indicated some selling pressure till 27510 – 460. Silver is also expected to take cues from movement of the base metals. Whereas, Silver prices are witnessing selling pressure around 52210 - 52410, prices are likely to test 51110 – 51010 on lower end. Traders are advised to sell Silver on rise around 52410.

Technical Levels for Today
                                  Unit            Support            Resistance
Spot Gold            $/oz               1606/1595          1623/1633
MCX Gold (Feb)     Rs/10 gms     27510/27432      27716/27844
Spot Silver              $/oz               28.95/28.55        29.34/29.65
MCX Silver (Mar)   Rs/kg             51365/50974      52148/52544

MCX Gold Trend for This Week (09-13th January, '12)

noreply@blogger.com (Ashish Yadav) — Mon, 9 Jan 2012 11:04:00 +0530

COMEX Gold is in a technically consolidating on charts for short term. Last week COMEX Gold was trading on higher side and was able to made a close above 1600$ an ounce. In this week 1500$ will act as a major support in COMEX Gold and 1740$ will act as a major resistance.

Resistance: 1670 - 1643
Support: 1578 - 1539

STRATEGY
For this week traders can use buy on lower level strategy if COMEX Gold sustains above 1620 $ an ounce, then above 1640 $ it can test the level of 1660$/1680$/1705$ $ an ounce. And in MCX Gold above 28000 it can test the level of 28150/28300. Trade by keeping the strict stop losses.

Major support for COMEX Gold in the coming week is 1505$ and 1460$.

Major resistance for COMEX Gold in the coming week is 1710$ and 1790$.

Major support in MCX Gold is 25500 and 24000.

Major resistance in MCX Gold is 28700 and 29500.

Gold Silver Technical Updates

noreply@blogger.com (Ashish Yadav) — Fri, 6 Jan 2012 11:14:00 +0530

Today, Gold and silver is expected to trade in a sideways and will take cues from a stronger dollar in the global markets. Silver will also take cues from downside in base metals.
Support for Gold: 27601-27485-27391.
Resistance for Gold 28013-28105-28466

Support for Silver: 52110-51701.
Resistance for Silver: 53640-54960-55001-55505.

Crude Oil Updates

noreply@blogger.com (Ashish Yadav) — Wed, 4 Jan 2012 12:01:00 +0530

Oil traded near the highest price in almost eight months. Yesterday, Nymex Crude Oil prices increased by above 4% and on MCX, Crude Oil prices rose by near about 2.1%. Today, Crude Oil prices are likely to trade positive. Traders are advised to buy Crude Oil around 5409 – 5389 with a strict stop loss placed at 5349.

Crude (Jan): Trend - Sideways
Resistance 5469 - 5519, Support 5379 - 5309
Strategy - Sell on higher Levels.

Gold Silver Updates: MCX Bullion Tips and Technical Levels

noreply@blogger.com (Ashish Yadav) — Tue, 3 Jan 2012 12:31:00 +0530

Gold is currently trading in a strong downtrend and is supported with good volumes. Gold is expected to trade with positive bais. Traders are advised to buy Gold above 28029.6 and Sell if below 26737.
Gold (FEB): Trend - Bearish
Resistance: 27731 - 27511, Support: 27181 - 26951.
Strategy - Sell on higher Levels.

Silver is currently trading in a strong downtrend with good momentum and is expected to trade positive. Traders are advised to buy Silver above 53157.9 and Sell if below 49509.2
Silver (MARCH): Trend - Bearish
Resistance: 53455 - 52305, Support 50905 - 49855.
Strategy - Sell on higher Levels.

Crude Updates: Trend and Technical Levels for Today

noreply@blogger.com (Ashish Yadav) — Fri, 30 Dec 2011 11:24:00 +0530

Crude prices tested the support area at 5251, today we can expect prices to test 5371, traders are advised to buy Crude Oil around 5311 – 5301 with a strict stop loss of 5251.

Nymex Crude (Feb): Support 98 - 98.8, Resistance 100 - 101.

MCX Crude (Jan): Support 5222 - 5275, Resistance 5342 - 5392.

Gold Silver Trend Updates for Today: MCX Bullion Tips

noreply@blogger.com (Ashish Yadav) — Thu, 29 Dec 2011 10:42:00 +0530

Gold is in bearish trend for medium-long term. Gold is currently moving in sideways and now trading in overbought level. The oscillator is showing sell signal and has moved down to its previous low with good volume points to a negative break out.
Support: 27045. Resistance: 27815 - 28490.
Traders are advised to buy Gold above 27388.10 with a stop of 27199.10. Below 27173.4 go for sell.

Silver is currently in downtrend with good momentum but volume is unsatisfactory and the open interest is not increasing with trend.
Support: 50090. Resistance: 53726 - 56442
Traders are advised to sell Silver if open below 49841.5 with stop loss at 51433.5 or sell below 49147. Buy only above 52129.7

MCX Gold Silver Evening Updates for Today

noreply@blogger.com (Ashish Yadav) — Wed, 28 Dec 2011 18:00:00 +0530

MCX Gold Mini (Jan) For the day, major rallies can be expected only a break above 27775. A direct fall below 27395 would result for fresh selling towards 27235/165 and then to 27000.
Resistance2 - 27885/27965, Resistance1 - 27635/705/825, Support1 - 27445/27395, Support2 - 27245/27000

MCX Silver Mini (Feb) Some initial moves are expected to find the support near 52555 followed by a consolidation and can drag higher towards the 53105/53505 levels.
Resistance2 - 54010/54410, Resistance1 - 53010/53510, Support1 - 52410, Support2 - 52110/51610

Gold Silver Updates: MCX Bullion Tips

noreply@blogger.com (Ashish Yadav) — Wed, 28 Dec 2011 11:15:00 +0530

Gold (FEB): Trend - Consolidate
Resistance2 - 28010, Resistance1 - 27810, Support1 - 27450, Support2 - 27280
Strategy - Sell on higher Levels.

Silver (MARCH): Trend - Consolidate
Resistance2 - 54800, Resistance1 - 53900, Support1 - 51400, Support2 - 50300
Strategy - Sell on higher Levels.

Crude Oil Updates

noreply@blogger.com (Ashish Yadav) — Tue, 27 Dec 2011 12:02:00 +0530

Today, Crude Oil prices are expected to trade higher taking cues from supply disruptions in Syria and Iran’s naval exercises in a key shipping lane. Additionally, a weaker dollar will also provide further support. as Crude prices are looking positive, traders are advised to buy Crude Oil around 5261 with a stop loss below 5211 for the target of 5321 - 5336.
Crude Oil (Jan): Support 5201 - 5261, Resistance 5301 - 5366.

MCX Commodity Tips for Today: Gold Silver Crude Updates

noreply@blogger.com (Ashish Yadav) — Mon, 26 Dec 2011 11:06:00 +0530

In the previous trading session, Gold futures traded in a narrow range before closing in negative, as investors pared their holdings of the precious metal due to year-end liquidations. Today, Gold prices as expected to trade within the range from 27510 - 27910. Traders are advised to buy on dips and sell on rise.
Gold (Feb): Support 27460 - 27710, Resistance 27830 - 28010.

Silver prices are trading in a narrow range, traders can expect prices to test 53410 – 510 on higher end. 52310 level is a good support for the day.
Silver (Mar): Support 51810 - 52810, Resistance 53410 - 54310.

Crude oil futures continued their positive movements, encouraged by a weaker US dollar and higher Asian stock markets, but faced strong resistance closer to the $100 per barrel level. Today, Crude prices are looking positive, traders are advised to buy Crude Oil around 5262 with a strict stop loss below 5212 for the target of 5322 - 5337.
Crude Oil (Jan): Support 5202 - 5262, Resistance 5302 - 5367.

MCX Bullion Tips: Gold Silver Trend

noreply@blogger.com (Ashish Yadav) — Fri, 23 Dec 2011 11:22:00 +0530

Today morning gold prices at Globex platform is seen trading at $1612.90 slightly higher than the previous close. It is imperative to say that international markets are likely to stay off until next Tuesday owing Christmas holiday. Gold market is expected to stay stable for the day. Any further improvement on the economic data should pull gold to correct.
MCX Gold (February) Trend: Consolidate
Resistance2- 28230, Resistance1- 27960, Support1- 27375, Support2- 27120
Strategy: Buy on Lower Levels

Today morning Silver prices are seen trading at $29.22 marginally higher from its previous close. Taking cues from US equities today Asian equities are also trading higher and that is supporting silver prices to trade on a positive note. Silver prices might recover a tad.
MCX Silver (March) Trend: Consolidate
Resistance2- 54700, Resistance1- 53500, Support1- 51050, Support2- 50200
Strategy: Buy on Lower Levels