MCX COMMODITY GOLD UPDATES

MCX GOLD INTRADAY TIPS TREND

MCX commodity updates today includes Gold updates and NCDEX commodity updates will cover mentha oil latest news and updates. MCX Gold is in long- short-medium- short- term bull phase .Currently Gold is moving sideways. The oscillator is showing SELL signal .In last 1 month volatility is very less Buy the Gold above 28539 or buy with strict stop at 27356. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.

Gold Support and Resistance :- Support for the Gold is 27934-27868-27857-27821. Resistance for the Gold is 28202-28223.

NCDEX Commodity Updates (Mentha Oil Trend)

Mentha oil futures extended uptrend this week on active buying by the traders on the back of firm spot demand from the pharmaceutical industries and on weak arrivals from the fresh crop. Improved buying by the market participants anticipating lower stocks till fresh arrivals is likely to support Mentha prices in the coming week. Sharp upside in the prices may however be capped on account of better mentha sowing prospects.

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NCDEX Agri Commodity Tips,Mentha Oil, kapas, Chana Soyabean Trend 14 march

KAPAS TREND TIPS :- On Tuesday 13th march 2012 kapas1 closed @ 802.10 and we recommend buy for long-term with stoploss of 766.10and strong sell for short-term with stoploss of 878.75.

Kapas Trend for today is given with kapas support and resistance levels :-

Resistance 2	822.96
Resistance 1	814.36
Pivote	803.87
Support 1	789.84
Support 2	781.24

MENTHA OIL SHORT TERM TREND :-

Currently Menthaoil is in HOLD SHORT position. Menthaoil is in sideways so for short term better buy above 2564.8 with stop at 2186.9. The Menthaoil is now trading is approaching oversold level. The oscillator is showing SELL signal.

 

Mentha Oil Support and resistance Levels :- Support for the Mentha oil is 2126-1916-1718-1588-1522 .Resistance for the Menthaoil is 2271

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NCDEX Commodities Trend for This Week (13th- 17th Feb)

Guar seed (March):- Last week Guar seed February contract did our target of 13100 above the level of 12800 and even sustained above it. Last week Guar seed March contract initially opened on a negative note but it remained bullish for the remaining part of the week and even closed at its weekly high. For this week Guar seed has resistance at 13700 and support at 12700.
Resistance: 16520 - 14120.
Support: 12320 - 9320.
Strategy: For this week in Guar seed March contract traders should go for buying at lower levels strategy, if Guar seed sustains above the level of 13700 we can see the level of 14000, and below 12700 it can touch the level of 12450.

Soyabean (February):- Last week Soybean did our target of 2525 above the level of 2485 but price was not able to sustain at higher level. Last week in the initial half of the week Soybean was bullish and we saw good buying coming at lower levels but in the later half of the week we saw a slight profit booking coming. For this week Soybean has resistance at 2530 and support at 2465.

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NCDEX Soyabean, Chana Trend and Technical Reports

Soyabean
Last week Soybean did a low of 2420 below the level of 2450 almost doing our target of 2415. Last week Soybean was bearish for most part of the week but it was not able to sustain below the support of 2435 and we saw slight profit booking coming on the last day of the week. For this week Soybean has resistance at 2485 and support at 2420.
Resistance: 2617 - 2498.
Support: 2419 - 2301.

Strategy: For this week in Soybean one should go for sell on higher level strategy. If it sustains below the level of 2420 we can see the level of 2380 and on the upside if it sustains above 2485 level we can see Soybean at 2525 level.

Chana
Last week Chana did our target of 3300 above the level of 3250 and even closed near to it it. Last week in Chana we saw good short covering coming at lower levels and it remained bullish for most part of the week. For this week Chana has resistance at 3315 and support at 3185.
Resistance: 3700 - 3362.
Support: 3120 - 2732.

Strategy: For this week in Chana one should go for sell at higher level strategy. If it sustains below 3185 we can see the level of 3125 and on the upside if it sustains above the level of 3315 we can see Chana at 3365.

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NCDEX Commodities Technical Levels

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NCDEX Commodities Technical Levels 4- February

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Feb'12	3225	3273	3292	3315	3363
	20-Mar'12	3163	3185	3191	3201	3223
Soybean	20-Feb'12	2386	2420	2436	2448	2482
	20-Mar'12	2425	2459	2476	2487	2521
Turmeric	20-Apr'12	4500	4580	4610	4654	4734
	18-May'12	4430	4470	4482	4504	4543
Guarseed	20-Feb'12	11076	11916	12245	12748	13589
	20-Mar'12	11161	11991	12316	12813	13643
Jeera	20-Feb'12	13840	14419	14639	14988	15567
	20-Mar'12	14204	14734	14935	15254	15784
Pepper	20-Feb'12	28632	29647	30008	30652	31667
	20-Mar'12	29125	29900	30217	30665	31440
Mentha Oil	29-Feb'12	1447	1519	1565	1587	1658
	31-Mar'12	1463	1532	1577	1597	1666
MCX/NCDEX	31-Mar'12	818.65	832.13	858.54	870.61	884.09
Kapas	30-Apr'12	837.18	848.22	869.6	879.72	890.76

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NCDEX Commodity Technical Levels

Agri	Resistance2	Resistance1	Pivot Point	Support1	Support2
Chilli (Feb)	5886	5843	5830	5811	5770
Jeera (Feb)	15145	14900	14801	14696	14,4603
Pepper (Feb)	30728	29935	29600	29260	28,4746
Turmeric (Apr)	4680	4641	4628	4610	4,5731
Cardamom (Feb)	681.3	667.7	661.8	656	642.43
Soya bean (Feb)	2468	2452	2445	2438	2,4242
Soya oil (Feb)	691.2	685	682.4	679.8	673.76
Guar seed (Feb)	12720	12335	12170	12005	11,6210
Guar gum (Feb)	42363	41110	40575	40040	38787
Mentha Oil (Jan)	1641	1609.1	1595.5	1581.9	1550
Chana (Feb)	3263	3211	3189	3167	3115
Kapsa (Mar)	921.93	912.76	896.55	896.55	877.43

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NCDEX Commodities Technical Levels 31-Jan

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Feb'12	3051	3086	3103	3138	3155
	20-Mar'12	3088	3117	3133	3162	3178
Soybean	20-Feb'12	2401	2432	2464	2495	2527
	20-Mar'12	2454	2478	2505	2529	2556
Turmeric	20-Apr'12	4493	4535	4579	4621	4665
	18-May'12	4374	4400	4448	4474	4522
Guarseed	20-Feb'12	11205	11475	11833	12103	12461
	20-Mar'12	11350	11591	11908	12149	12466
Jeera	20-Feb'12	13956	14246	14626	14916	15296
	20-Mar'12	14324	14600	14947	15223	15570
Pepper	20-Feb'12	29495	29725	30185	30415	30875
	20-Mar'12	29587	29758	30102	30273	30617
Mentha Oil	31-Jan'12	1488	1504	1534	1550	1581
	29-Feb'12	1517	1536	1568	1586	1619
MCX/NCDEX	31-Mar'12	867.54	878.31	884.95	909.05	919.82
Kapas	30-Apr'12	894.4	902.34	907.48	925.02	932.96

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NCDEX Commodities Technical Levels 28-Jan

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Feb'12	3095	3126	3151	3182	3207
	20-Mar'12	3122	3152	3175	3205	3228
Soybean	20-Feb'12	2468	2484	2515	2531	2562
	20-Mar'12	2499	2517	2553	2571	2606
Turmeric	20-Apr'12	4463	4530	4594	4660	4724
	18-May'12	4405	4429	4453	4477	4501
Guarseed	20-Feb'12	11210	11350	11630	11770	12050
	20-Mar'12	11264	11411	11703	11850	12142
Jeera	20-Feb'12	14809	15000	15382	15573	15955
	20-Mar'12	15124	15313	15689	15878	16254
Pepper	20-Feb'12	31700	32165	32425	32890	33150
	20-Mar'12	32152	32348	32487	32683	32822
Mentha Oil	31-Jan'12	1473	1504	1523	1554	1573
	29-Feb'12	1504	1538	1558	1593	1613

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