Copper trend and levels for monday

Copper Trend:
Today copper is consolidate but The MXC Copper August contract is in perfect uptrend, Now copper in hold position If copper closing below 430.2 trader can SELL copper, If it closing near 438.6 you can buy copper.

Copper support and resistance levels
Copper support levels if copper touch 430.30 levels then next support levels is 428.50
Resistance levels if it touch 438 and next resistance levels is 441

MCX Bullion and Copper tips

Commodity market opened positive COMDEX opened at 3540.96 and MCXMETAL opened at 2843.22 MCXENERGY opened at 3046.46 after thursday closed on 3043.10.

Copper trend up ward buy to dip.
BUY Copper above 434.30
Taget: 438.50-441
Stoploss: 430

Bullion tips:
Gold is good for buy and silver is consolidate trade you can buy silver above 59550

MCX Bullion,Base metal trend for 29 july

GOLD(Augest 11)
RESISTANCE : 23320, 23550
SUPPORT : 22850, 22620

MCX SILVER (SEP)
RESISTANCE: 60900, 62800
SUPPORT: 57070, 56300

MCX COPPER (AUG)
RESISTANCE : 441, 448
SUPPORT : 432, 426

MCX CRUDE OIL (JUL)
RESISTANCE : 4390, 4450
SUPPORT : 4310, 4250

NATURAL GAS(Aug 11)
RESISTANCE : 193, 199
SUPPORT :183, 175

ZINC(July 11)
RESISTANCE :111.20, 114.15
SUPPORT :107.80, 105.50

LEAD (July 11)
RESISTANCE :119.20, 121.30
SUPPORT :115.60, 113.45

Commodity MCX Market trend for 28 july

FREE Commodity tips:
GOLD(Augest 11)
RESISTANCE : 23270, 23450
SUPPORT : 22850, 22720

MCX SILVER (SEP)
RESISTANCE: 60900, 62400
SUPPORT: 58400, 56800

MCX COPPER (AUG)
RESISTANCE : 439, 445
SUPPORT : 427, 422

MCX CRUDE OIL (JUL)
RESISTANCE : 4390, 4450
SUPPORT : 4310, 4250

NATURAL GAS(Aug 11)
RESISTANCE : 199, 205
SUPPORT :187, 182

ZINC(July 11)
RESISTANCE :111.20, 114.15
SUPPORT :107.60, 105.30

LEAD (July 11)
RESISTANCE :120.95, 123.30
SUPPORT :116.60, 114.30

Commodity MCX market trend for 27 july

GOLD(Augest 11)
RESISTANCE : 23350, 23550
SUPPORT : 22820, 22950

MCX SILVER (SEP)
RESISTANCE: 62400, 64300
SUPPORT: 58400, 56800

MCX COPPER (AUG)
RESISTANCE : 438, 445
SUPPORT : 427, 422

MCX CRUDE OIL (JUL)
RESISTANCE : 4480, 4560
SUPPORT : 4380, 4320

NATURAL GAS(Aug 11)
RESISTANCE : 199, 205
SUPPORT :187, 182

ZINC(July 11)
RESISTANCE :112.80, 115.20
SUPPORT :108.70, 106.30

LEAD (July 11)
RESISTANCE :121.20, 123.30
SUPPORT :117.80, 115.30

MCX Commodity report

Today Gold future make another record of 24175 per 10 grams. Today Bullions may open slightly on positive. MCX Gold & Silver prices higher on today. Gold can trade in wide range of Rs. 23,000-23,400 in MCX and Silver can trade in range of Rs. 58,000-62,000 in near term.
Crude oil may trade sideways with negative bias. Crude oil may remain in range of 4,100-4,300 on domestic bourses.
Base metals:
Copper support may be 425
Nikel support 1040

The Gold for delivery in August also gained Rs 184, or 0.76%, to Rs 23,283 per 10 grams, with a trade turnover of 3,015 lots.

Commodity MCX Market tips

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 higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.
The Silver is in perfect uptrend .Currently Silver 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 higer levels seems decreasing. The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.

MCX Trading tips for today 22 july

Silver Trading tips:
MCX Silver Aug future Buy above  59400
Target:- 60100 - 60500
Stoploss 59000

In MCX Commodity Market all trading segments including Precious metals (Gold & Silver), Base Metals (Aluminium, Copper, lead, Nickel, Zinc) and Energy (Crude Oil, Natural Gas) are trading flat for the day.
NYMEX natural gas trades mixed after 2.3% slide yesterday.
NYMEX crude oil hold above $99/bbl Friday after 0.7% gain yesterday.
ICE Brent crude Sept contract ended at premium of $18.38/bbl on Thursday as against $19.75/bbl a day earlier.

Commodity MCX Market tips for 21 july

MCX SILVER (SEP)
R2: 61250
R1: 60125
S1: 57820
S2: 56570

MCX COPPER (AUG)
R2: 448
R1: 442
S1: 431
S2: 425

MCX CRUDE OIL (AUG)
R2: 4480
R1: 4435
S1: 4325
S2: 4270

Commodity MCX Market tips

Bullions may witness some profit booking tracking weak opening in international markets.In MCX Gold can trade in range of Rs. 22,800-23,100 and silver can trade in range of Rs. 56,000-58,000.

Base metals can trade in red tracking weak opening in international markets. Today industrial production and consumer confidence data will give further direction to the base metals pack. Copper may trade in range of Rs. 428-430 while Lead can trade in range of Rs. 117-120 in near term.

Crude oil futures traded higher notable change during the early hours of trading on MCX seems recovery at the Nymex counter. Nymex futures.

Commodity MCX market trend for 13 july

MCX GOLD (AUG)
RESISTANCE 2: 23200
RESISTANCE 1: 22950
SUPPORT 1: 22500
SUPPORT 2: 22200

MCX COPPER (AUG)
RESISTANCE 2: 445
RESISTANCE 1: 439
SUPPORT 1: 427
SUPPORT 2: 421

MCX CRUDE OIL (JUL)
RESISTANCE 2: 4450
RESISTANCE 1: 4390
SUPPORT 1: 4250
SUPPORT 2: 4180

Commodity MCX Market tips

Oil steadies as US holiday curtails trade.
World stock hits 4-1/2 high.
The euro slipped from one month high against the dollar.
Gold up 0.5 pct as weak dollar.
SPDR gold ETF reports 78,000/oz outflow.
Copper stocks fall to lowest in more than 2 months.
Aluminium inventories fall to lowest.

Gold priced in sterling hit a record high, powered by a broad push into bullion that also sent euro-denominated metal to a lifetime peak as deepening concern over the spread of the euro zone crisis rattled investors.

India, the world's biggest buyer of bullion, is in the middle of the sowing season, when farmers, the traditional buyers of the yellow metal,

Commodity MCX market report

Today MCX open negative zone after rise of 0.10% on saturday. Silver has given a strong breakout once it has crossed above USD 35 and we maintain our bullish scenario in very near-term. There is a great probability for silver on an international level to test around USD 38.5. So we are positive on silver.

Crude oil levels USD 93 per barrel on a downside and USD 98.5 per barrel on the upper side.
Base metals resumed their upward rally after noting gains in previous week. LME Copper hit highs of9789.75 to end the session 2.29% higher at $9661 a ton. All the other base metals, barring Zinc rose tracking firmness in Copper prices.
Crude oil edged up on upbeat price forecast.
EIA notes 0.889 mn bbl drop in US crude oil stocks; gasoline stocks fell by 0.191 mn bbl while distillate stocks fell 0.634 mn bbl.
Crude oil speculators raised net long position for the first time in ten weeks.
NYMEX natural gas fell 2.5% last week marking its third weekly drop in four weeks.
Natural gas fell last week as bigger than expected increase in US stocks outweighed warm weather forecasts.
Natural gas speculators trimmed net short position for the first time in four weeks.

Commodity MCX market trend for Monday

GOLD(Augest 11)
RESISTANCE 1: 22550, RESISTANCE 2: 22780
SUPPORT 1:22100, SUPPORT 2:21800

SILVER (September 11)
RESISTANCE 1: 55900, RESISTANCE 2: 56900
SUPPORT 1: 53200, SUPPORT 2: 52200

ZINC(July 11)
RESISTANCE 1:107.50, RESISTANCE 2:109.90
SUPPORT 1:102.50, SUPPORT 2:100.20

LEAD (July 11)
RESISTANCE 1:122.50, RESISTANCE 2:125.15
SUPPORT 1:117.75, SUPPORT 2:115.25

COPPER (August 11)
RESISTANCE 1: 439, RESISTANCE 2: 445
SUPPORT 1: 427, SUPPORT 2: 422

CRUDE OIL (July)
RESISTANCE 1: 4350, RESISTANCE 2: 4430
SUPPORT 1: 4220, SUPPORT 2: 4150

NATURAL GAS(July 11)
RESISTANCE 1: 193, RESISTANCE 2:198
SUPPORT 1:182, SUPPORT 2:176

Commodity MCX Market Review

Bullion:-Gold was down by 0.12% to Rs 22,131 per 10 grams on August 2011 contract, Silver was down by 0.76% to Rs 54,521 per kg on September 2011 contract

Base metals:-Lead mini was up by 0.04% to Rs 120.55 per kg July 11 contract, lead contract was up by 0.12% to Rs 121.60 per kg September 11, copper was up by 0.06% to Rs 436.20 per kg August 11 contract, nickel was up by 1.26% to Rs 1,094.00 per kg September 11 contract, aluminium was down by 0.31% to Rs 113.90 per kg July 11 contract, zinc was down by 0.37% to Rs 107.00 per kg August 11 contract.

Energy:-Crude oil was down by 0.14% to Rs 4,400 per barrel August 11 contract and Natural gas was down by 0.21% to Rs 188.80 per MMBTU September 11 contract.

Commodity MCX market report

MCX Report
Bullions may open on flat note tracking mixed overseas cues. Gold may trade in range of Rs. 22,100-22,300 and silver may trade in range of Rs. 53,500-55,000 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper may trade in range of Rs. 430-440 in domestic market. Energy prices may also trade sideways on mixed path ahead of key nonfarm payroll data scheduled today. Crude oil can trade in range of Rs. 4,300-4,400 in domestic market.

Trading Strategies
Intraday Traders can Buy Silver September contract above 55150 for targets-55500-55800-56000 stoploss below 54700
Below 54350 start selling silver to target 54000-53800.