Commodity NCDEX tips for tomorrow

SOYABEAN(OCT 11) is bearish trend, trader may buy soyabean
RESISTANCE : 2180 and above this levels 2230 else sell gold
SUPPORT : 2105 and below this levels 2065

CHANA (OCT) trend is consolidate trader may buy chana
RESISTANCE : 3300 and above this levels 3360 else sell gold
SUPPORT : 3180 and below this levels 3120

PEPPER (OCT) trend is Consolidate trader may buy guarseed
RESISTANCE : 37100 and above this levels 37800 else sell gold
SUPPORT : 35680 and below this levels 34950

JEERA (OCT) trend is Bearish trader may buy turmeric
RESISTANCE : 14920 and above this levels 15220 else sell gold
SUPPORT : 14400 and below this levels 14080

Commodity mcx trend for tomorrow 2 August

GOLD(OCT 11)
RESISTANCE : 23270, 23900
SUPPORT : 23320, 23150

MCX SILVER (SEP)
RESISTANCE: 60420, 62500
SUPPORT: 56400, 55800

MCX COPPER (AUG)
RESISTANCE : 438, 445
SUPPORT : 424, 419

MCX CRUDE OIL (JUL)
RESISTANCE : 4260, 4310
SUPPORT : 4140, 4095

NATURAL GAS(Aug 11)
RESISTANCE : 192, 198
SUPPORT :180, 176

ZINC(July 11)
RESISTANCE :111.30, 113.60
SUPPORT :108.00, 106.10

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.

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 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 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.