MCX gold Silver tips and trend

GOLD(OCT 11) Gold is Bearish trend, trader may buy gold RESISTANCE : 26800 and above this levels 27100 else sell gold SUPPORT : 25800 and below this levels 25400

MCX SILVER (DEC) trend is Bearish trader may buy silver RESISTANCE : 52700 and above this levels 54600 else sell gold SUPPORT : 49800 and below this levels 46500

MCX COPPER (NOV) copper is Bearish trend, trader may buy copper RESISTANCE : 348 and above this levels 355 else sell gold SUPPORT : 336 and below this levels 331

MCX CRUDE OIL (SEP) trend is consolidate trader may buy crude oil RESISTANCE : 3980 and above this levels 4070 else sell gold SUPPORT : 3850 and below this levels 3780

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,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

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 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 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.