MCX COMMODITY TIPS ~ Gold, Zinc Updates

MCX Gold Trend

MCX Gold August futures prices opened today at Rs 30161. It is trading almost flat today at Rs 30143 up by 0.10%, against its previous closing of Rs 30113 per 10 grams.Gold investors will be closely watching US data in the Q2 for clues as to the likelihood of QE3, which could potentially hurt the dollar and support Gold. Technically Gold is still looking strong on charts but short term correction or profit booking cannot be ruled out.

Intraday Gold Tips

Intra-day traders advised to Sell MCX Gold August future below Rs. 30100 with Stop Loss of Rs. 30150 and Target of Rs. 30050.

MCX Zinc Trend Today

Technically on daily charts, MCX Zinc is forming rounding bottom and may give break out above 105.45. This level got tested 3 times in last 6 trading sessions indicating that it is a strong resistance and a break out above this level will give significant upmove.

Intraday Zinc Tips

Intra-day traders advised to Buy MCX Zinc May future above Rs.105.45 with target of Rs.106 and Stop loss of Rs.104.90.

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MCX COMMODITY TIPS ~ Gold Copper Crude Trend 21 May 2012

MCX GOLD TREND :- 

Gold is expected to trade on a weaker note today as concerns with respect to Greece ease, thus having an impact on safe-haven demand which had re-emerged last week. Silver on the other hand is expected to witness upside, on the back of upbeat global market sentiments. 

Gold Support and Resistance :- S3- 1565, S2- 1575, S1- 1585, R1- 1600, S2- 1610, S3- 1620 MCX 

CRUDE OIL TREND :- 

Crude oil prices are expected to trade on a positive note, taking cues from positive global market sentiments. With global leaders confirming the presence of Greece in the Euro Zone, market sentiments are expected to be upbeat.

Crude Oil Support and Resistance :- Support :- 4980/4950 Resistance :- 5030/5060 

MCX COPPER TREND :- 

Copper the leader of the base metals declined by 4.3 percent on the LME in last week on the back of re-emergence of European debt crisis, rise in risk aversion in global markets along with stronger dollar index. However further downside in prices was restricted on account of decline in LME and Shanghai Inventories by 0.1 % and 7.3 % respectively. 

MCX Copper Support and Resistance :- Support :- 418/416, Resistance :- 422/425

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GOLD UPDATES ~ MCX TIPS FREE

MCX GOLD TREND :- Gold plunged the most in 2-weeks, as the European Central Bank refrained from providing more stimulus measures after a meeting in Barcelona, easing concern that inflation will accelerate. Silver also retreated. Gold and silver are expected to trade lower today taking cues from strength in the US dollar index and mixed market sentiments. Silver will also take cues from movement in base metals. US non-farm employment change is expected to be on a negative note today and if the data come as expected then this will lead to further downside in prices. However, a weaker Rupee may cushion sharp decline on the domestic bourses. 

MCX COMMODITY TRADING ADVICES :- 

MCX Crude Oil (May futures): Sell - 5580, stoploss of Rs - 5630 and the target - 5490 

MCX Silver (July futures): Buy - 56 150, stoploss of Rs - 56000 and target - 57 200

MCX Copper (June futures): Sell - 447, stoploss of Rs - 450 Target - 441

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MCX NCDEX COMMODITY TIPS,FREE TRIAL TIPS

MCX COPPER UPDATES :- Copper in China declined after consumer prices in the world’s largest base-metals user increased more than forecast last month, boosting speculation that the government may not add further stimulus. The metal for delivery in July fell as much as 0.9 percent to 59,900 yuan ($9,497) a metric ton on the Shanghai Futures Exchange, and traded at 60,190 yuan at 10:37 a.m. in Shanghai. May delivery-copper was little changed at $3.7935 a pound on the Comex. The London Metal Exchange is closed for a holiday today. On the Comex, net-long positions, or wagers on rising prices, held by funds were 18,642 futures and options contracts as of April 3, compared with 14,883 a week earlier, according to the U.S. Commodity Futures Trading Commission.

MCX CRUDE OIL TREND :- Oil fell for the third time in four days on concern fuel demand may falter after U.S. employers added fewer jobs than forecast, signaling economic growth may slow in the world’s biggest consumer of crude. Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, and a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000.

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FREE NCDEX TIPS ~ Guargum,Chana,Soyabean,Kapas,Mentha Oil Tips

NCDEX Chana trend (Apr) :- Inability to sustain above 3647 may see a lower correction towards 3540 followed by 3510 levels.

NCDEX Kapas Trend (Apr) :- We expect prices to trade in the range of 850-820 levels.

Soyabean Tips :- The upward journey was resumed yesterday after the last two day’s consolidation and therefore we are expecting the rally to continue towards 3100 levels for the day. Conversely, on the lower side, the trend reversal is only visible below 2980 levels for the day

Mentha Oil Tips (Apr) :- If prices can hold the support of 2200, positive momentum is for seeing towards 2290 followed by 2325 levels. 

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FREE MCX NCDEX TIPS ~ Free Trial Commodity Tips

MCX Gold Updates :- Gold may drop for a third day after jewelers in India, the world’s biggest buyer, extended a strike, curbing demand for the metal. MCX gold  prices touched an intra-day low of  Rs. 28,106/10 gms and ended at Rs. 28,134/10 gms on Wednesday. 

MCX Gold Support and resistance for Today :-  Support :- 28065/27942, Resistance :- 28243/2834

MCX Copper Updates :- Copper, the leader of the base metals complex, was the worst performer on Wednesday, as the metal declined sharply by 2% on the LME and around 1.5 percent on the MCX.

Commodity Predictions :- Depreciation in the Indian Rupee may cushion sharp decline on the MCX.

Fill the form and get daily commodity predictions on mobile absolutely free, MCX levels, NCDEX tips. 

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Crude Updates~ Intraday Crude Oil Tips

Crude Oil traded near the highest price in a week in New York as investors bet that a U.S. economic recovery and Saudi Arabian crude output near the strongest level since at least 1980 signal fuel demand is increasing. Crude prices should hold to the important support at 5420 - 5410, we recommend to enter long around that levels with a stop loss below 5370. Oscillators indicating a sideways move.

Crude Oil Support and Resistance :-

Crude Oil (Apr) :- S3- 5370, S2- 5410, S1- 5440, R1- 5480, R2- 5530,  R3- 5570

Intraday Crude Oil Tips Today :-

MCX Crude oil (April futures): Buy - 5430-5440, stoploss of Rs - 5400 and the target - 5490-5560

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NCDEX- Mentha Oil,Kapas,Chana,Jeera,Soyabean,Guar Tips Today 9 March 2012

Mentha Oil Trend Today :- Traders expect an overall Bullish trend to prevail in the markets as arrivals in the mandis remained moderately low. The trend is likely to remain volatile in the short term as the higher levels too have not been sustainable.

Mentha Oil (mar) Support and Resistance :- R3- 2,531.5, R2- 2,508.2, R1- 2,486.4, S1- 2,447.8 , S2- 2,426.1, S3- 2,402.7

Mentha Oil Tips :- Buy Above 2470 Target1- 2500, Target2- 2530, Stoploss 2455 

Chana Trend :- Chana (mar) Support and resistance R3- 3,715, R2- 3,691, R1- 3,668, S1-3,628, S2-3,606 S3-3,581

Chana (apr) Tips :- Buy Around 3750, Target1- 3780, Target2- 3810, Stoploss 3730

Jeera Trend :- Arrivals of jeera crop declined to about 20,000 bags and the same were traded at local auctions held at Unjha market. Spot rates for new crop declined to 130-133 per kg w.

Jeera (mar) Support and Resistance :- R3- 13,552, R2- 13,463, R1- 13,379, S1-13,231, S2- 13,148, S3- 13,058 

Jeera Tips (Apr) :- Sell between 13650-13680, Target1- 13500, Target2- 13200, stoploss 13810

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