CRUDE UPDATES ~ MCX COMMODITY TIPS

MCX CRUDE OIL NEWS 

Crude oil prices touched a low of $82.29/bbl in  the  last week and closed at $83.23/bbl on last trading day. On the domestic front, prices declined by 8.4 % and closed at Rs.4,631/bbl on Friday after touching a low of Rs.4,624/bbl during the week.

CRUDE OUTLOOK TODAY 

From  an intra-day perspective we expect crude oil prices to trade lower on account of rise in OPEC production coupled with slowdown in  the  global  economy. Additionally, a stronger DX will also act as a negative factor for the commodity.

CRUDE OIL SUPPORT AND RESISTANCE

NYMEX Crude Oil :- Support :- 81.50/80.80, Resistance :- 83.20/84.0

MCX Crude Oil (June 12) :- Support :- 4580/4540, Resistance :- 4680/4740

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GOLD UPDATES || FREE MCX BULLION TIPS

MCX GOLD TREND TODAY :- As on Wednesday 11th April 2012 GOLD1 closed @ 28602.00 and we recommended Strong Buy for long-term with stoploss of 27312.29 and Buy for short-term with stoploss of 28492.44. MCX Gold important levels to watch today.

MCX Gold support and Resistance :-

Gold Resistance :- Resistance2 : 28741.98, Resistance 1 : 28684.3

Gold Support :- Support 1 28519.71, Support 2 28462.02

Currently MCX Gold Price is 28,560 per 10gms

COMEX GOLD UPDATES :- Comex gold is marginally lower after a consolidation session. Wednesday was one of the most quiet days in the precious metals in recent memory

MCX BASE METAL UPDATES || CRUDE TIPS

MCX Crude oil is trading at Rs 28 572. Base metals have started in slow mood and does not showing any satisfactory moves . On MCX, copper, lead and zinc is seen in the downtrend, aluminum and nickel is trading at a slight decline.

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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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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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FREE MCX COMMODITY TIPS

On the MCX, Gold June contract traded slightly higher by 0.1 % and touched an intra-day high of Rs. 28,044/10 gms on Tuesday. We expect gold and silver to trade with a negative bias today taking cues from a stronger dollar index and weak sentiments in the global markets. Silver will also take cues from downside in base metals too. However, depreciation in the Indian Rupee will cushion sharp decline on the domestic bourses.

From the intra-day perspective, we expect crude oil prices to trade with a negative bias today on account of expected rise in US crude oil inventories. Additionally, a stronger dollar index will add further downside pressure on oil prices.

MCX Natural Gas Tips :- Buy around 112 levels with a stop loss placed below 109 levels for targets of 118 levels.

MCX Copper Trading Tips :- Sell around 438 levels with a stop loss placed above 441 levels for targets of 434 levels.

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MCX Copper Updates ~ Intraday Copper Trading Tips

MCX updates today will cover copper trend and tips. Copper prices traded in positive along with other metals, after reports showed a stronger manufacturing in the US and China, which bolstered the outlook for metals demand. Copper futures for May delivery closed slightly higher by 2.5% at $3.921 per pound on the COMEX of the New York Mercantile Exchange.

COMEX / MCX Copper Technical Levels || Copper Support and Resistance :-

Copper COMEX (Apr-12) :- S3- 382.4, S2- 383.9, S1- 387.7, R1- 394.3, R2- 396.5, R3- 399.0

Copper MCX (Apr-12) :- S3- 430.6, S2- 432.0,S1- 435.3,R1- 441.3, R2- 443.4, R3- 445.6

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MCX NCDEX Commodity Trading Tips Free

MCX Gold Updates :- The Gold is in perfect uptrend. Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY.

Gold Support and Resistance :- Support for the Gold is 28005-27978-27878-27866-27855-27853. Immediate resistance for Gold is 28649 


MCX Silver Trend :- The Silver is in long- term bull phase. Currently Silver is moving sideways. The oscillator is showing BUY signal. In last 1 month volatility is very less and fresh Buy can be considered in the Silver if it close above 58919 or buy with strict stop at 55677. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.

Silver Support and Resistance :- 93.57% accurate Tips of MCX & NCDEXSupport for the Silver is 56071-55480. Resistance for the Silver is 57158-57329-57657-57869

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NCDEX Agri Tips, Kapas Trend, Soyabean Tips, Chana Tips 5 march 2012

KAPAS TREND 5 March :-

Kapas Trend and important levels for today is as follows :- 

Resistance 2	846.22
Resistance 1	839.54
Pivote	832.83
Support 1	820.46
Support 2	813.78

 

SOYABEAN TREND :-

Average arrivals of soya bean crop was reported steady with ~0.9-1bags arriving at MP market (3,000-3,500 bags at mandis of Indore) and about 0.38-0.4 bags each at mandis of Maharashtra & Rajasthan

CHANA TREND :- 

Profit booking at the higher levels amidst lower trading activities in the mandis ahead of the Festive season kept pressure on the rates for Chana that had shot up a low over last few weeks.

Trend likely to remain this week where improved demand is expected at the lower levels by end of week.

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