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 Commodity Updates ~ NCDEX Free Tips

MCX commodity updates today includes gold silver updates, MCX bullion tips, Crude updates, copper tips as well as NCDEX agri commodity Tips. This blog is updated daily with current commodity market trend. You will also get MCX commodity weekly reports, MCX gold silver weekly outlook, NCDEX weekly reports and free trial tips on MCX and NCDEX for two days.

MCX Bullion Tips || MCX Gold Silver Outlook :-

Gold and silver are expected to trade higher today on account of weakness in the US dollar index coupled with upbeat sentiments in the global markets. Silver will also take cues from movement in base metals. However, Rupee appreciation may cap sharp gains  on the Indian platform today. 

Crude Updates || Intraday Tips for MCX Crude Oil :-

From the intra-day perspective, we expect crude oil prices to trade with a positive bias on the back of  favorable economic data from China coupled with additional sanctions by  the  US on Iran crude oil exports.Additionally, a weaker  dollar index  will also  help upside in  oil  prices. Natural gas prices are expected to trade lower today. However, stronger Rupee will cap sharp gains on the domestic bourses.

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