commodity movement on Monday and commodity tips for future trading

In upcoming week India MCX expected to move in green and most commodities are looking to show a great stuff for investor.  In recent week MCX gold is continue falling but on early of Saturday trade it show positive sloppy movement. This week gold start with a price of 29770 but it continue showing down trend on commodity market.  Gold price are looking to going up in upcoming week and some correction is being expected on MCX gold for April delivery.  MCX silver was looking in good position during the whole week and some good sign are expected in upcoming day in future delivery.

Buy gold above 29400 with a support level of 29250 and a resistance of 29600

Buy silver above 54900 with a strong support level of 54100 and a resistance of 55500

Crude oil price are may be rise in upcoming week due to some positive report comes from US and CHINA. In upcoming week crude oil price are expected to trade in the range of above 5000.

Base metal especially nickels and copper that show mostly high movement on MCX, their price is expected to fluctuate on India MCX commodity market.  Nickel price is bounded  between the ranges of 900 to 925.Everyone is waiting the movement when nickel crosses the line of 1000 and work above of it. 

On intraday it is advice to buy nickel above 910 on Monday morning. With a target of +10  point and equally  with stop loss.

Mcx cotton , mentha oil and natural gas they all are in good side  on Monday and expected to open on  fresh positive side.

Evening commodity gold|silver|copper|crude updates

Mcx

Bullion

Today Multi commodity exchange showing a mixed movement, in the early morning not a very high movement had seen in bullion.  Gold on spot market mostly traded on green side with a small sloppy movement. Today gold touch a upper limit of 29418 with a low of 29353. On MCX silver is looking on bearish side, no such high movement had seen on the morning session.  

Base metal

If we are moving on base metal all metal are open towards green side but as market continue it seen in red negative side. Today nickel opens on good side and on morning touch an intraday high of 910 with a low of 903.60. On MCX nickel losses its good movement this week and mostly time it had seen in red side.  Some positive may be expected in upcoming week. On the other hand copper are also trading on bearish side, copper have strong support level of 424 with a resistance of 429.

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Crude and Mentha oil 

Crude oil import of china has drop down by 9% y/y and in the first 2 month of 2013 it’s down by 1% as compare to its previous year.  Meanwhile its export is rose by 21.8 % year on year.  This will affect the domestic Asian market. On MCX crude oil were traded in down side and touch an intraday low of 4977 with a high of 4995.it is advice to hold the position on medium long term. Mentha oil prices are floating between 1225 and 1245. Today mentha oil mostly watched in wrong side with a low of 1232 and high of 1242.90 and expected more bearish on remaining session.  

Sell gold below 29360 tgt 29330, 29300, 29260…….sl 29460 

Sell silver below 54550 tgt 54500, 54400, 54300…………sl 54800

  

07-03-13 ncdex updates, today gold|silver movement and commodity tips for today

Today precious metal open in positive side, gold open at 29644  , +51 point high to its  previous close. For 5 April contract gold on MCX gold is looking bit positive on early morning and expected to trade positive around 29550 to 29775. While silver is on green side and on intraday it open by crosses the mark of 55000. Mcx silver for 4 may delivery open at 55105 and touch an intraday high of 55225 with a low of 55105 from its previous close at 54968.

Buy gold above 29650 tgt 29680, 29720, 29750………….sl 29550

Buy silver above 55130 tgt 55200, 55300, 55430…………sl 54830

Mcx cotton on intraday for 29 march delivery open at same position to its last close at 1841 and movement is cotton is looking very volatile for today trading.  For intraday delivery cotton is bound in the range of 18310 to 18570.

Buy cotton above 18450 tgt 18470, 18500, 18550………sl 18350

NCDEX calls

Buy castor seed above 3855 tgt 3865, 3875, 3890………..sl 3820

Buy peeper above 34520 tgt 34540, 34550,34570………….sl 34470

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MCX calls

Sell mentha oil below 1253 tgt 1251, 1249, 1245……….sl 1261

buy nickel above 912 tgt 914, 916, 920…………….sl 904

                                                                                                                             

Intraday gold tips|silver tips and today crude oil price and commodity movement

Today MCX market starts with a sloppy and negative movement. Most commodities are open in negative side especially base metal trade in bearish side. Gold open on red side but some positive movement expected form that in afternoon. In intraday yellow metal is lost its momentum compare to previous week. While silver is on green side and some high movement is expected form that on intraday. Silver is moving with strong support of 53900 with a resistance level of 55650.

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Buy gold above 29600 tgt 29640, 29680, 29750………..sl 29450

Buy  silver above 54860 tgt 54960, 55060, 55160……….sl 54560

Today crude oil open on green side and its movement is looking bullish for intraday. Crude oil on MCX is moving with a strong support level of 4940 and a resistance level of 5060.

Buy crude oil above 5000 tgt 5010,5020 , 5040…………sl 4960

Today on MCX mentha oil is on negative side and high negative movement is expected form that on intraday trading. Today it opens at 1245.30 and touches an intraday low of 1236.80.

Sell mentha oil  below 1242 tgt  1235, 1230, 1225…………sl 1259