CRUDE TIPS ~ MCX Crude Updates and Trend 29 June

Crude oil futures fell as much as 3%, on worries that an EU summit will not find durable solutions to the euro zone's crisis, which could dent the futures energy demand. In the international market crude oil rise to some extent . In COMEX Gold rise about 0.8% and silver 2%. In NYMEX front, Crude oil is stronger upto 2 %

MCX COMMODITY TIPS BY EXPERTS

MCX Crude oil (April futures): Buy - 4450, stoploss of Rs - 4400 and the target - 4550

MCX Copper (August futures): Buy - 421, stoploss of Rs - 417 Target - 427

MCX Silver (July futures): Buy - 51 700, stoploss of Rs - 51200 and target - 52 600

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MCX Commodity Trading Tips- Gold Trend Today 13 March 2012

 MCX Gold trend for today is not much satisfactory , slightly sluggish trend is noticed in the beginning of commodity market today. MCX gold trend is down to 28,000. MCX gold support and resistance levels for today is as follows :- 

Resistance 2	28523.39
Resistance 1	28462.66
Pivote	28385.67
Support 1	28289.35
Support 2	28228.61

MCX COMMODITY TRADING TIPS FOR TODAY (Silver, Copper, Crude) :-

Silver (May futures) MCX: Sell -58,800 to 58,900 rs, stoploss of Rs -59 400,  target Rs-58 000

Zinc (March futures) MCX: Buy Rs -103.60-103.30, stoploss of Rs Rs -102.50,  target of Rs -104.50

Copper (April futures) MCX: Buy Rs -422-423, stoploss-418 , TGT -432

Crude oil (March futures) MCX: Buy from -5300 to 5310,  stoploss-5 260,  TGT -5390

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MCX Bullion Tips - Sell MCX Gold Feb

In domestic markets MCX gold is likely to remain on a subdued note. We recommend to maintain sell in gold February contract in the range of close to Rs 27740-27750, looking out for a target of Rs 27675-27620. Traders are recommended to maintain a strict stop loss of close above Rs 27825.

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MCX Gold Outlook and Intraday Trading Strategy

We expect MCX Gold prices to cut due to the heavy downside pressure. The strengthening dollar index will be a very negative factor for gold in the near-term. From an intraday perspective, we would recommend a sell in the near month contract around Rs 27,600 per 10 grams levels with a stop loss of Rs 27,720 per 10 grams levels with a target of Rs 27,400 per 10 grams levels.

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