Evening commodity Base metal trend and Intraday trading tips for 09/05/13

Base metals trading with a mixed reaction, on Thursday morning MCX copper open at 402.90 bit down against its last close at 403.95. Currently copper price are on reverse movement, today on MCX for June delivery it touch an intraday high of 403.75 with a low of 399.70.global copper price also floating with an unstable position.

 MCX nickel moving on upper side after a slow start for May delivery, on intraday trade it   touches a high of 839.20 with a low of 828.40. For today trading nickel prices are expecting to trade bit positive in evening session.

Lead for May delivery showing sluggish movements on intraday trade at MCX, on MCX lead prices are open at downside form its yesterday close and open at 111.05. Some correction might be seen around 7 pm.

Not so much movement had seen in Zinc and aluminum before a week, day by day prices are falling down on domestic market in physical buying. On MCX today zinc prices open at 101.45 for May delivery with an intraday high of 101.85 and low of 101.most metal are behaving rude with a support red flag but many analysts believing supporting some good correction in upcoming weeks.

MCX gold prices this week support a good show, regularly showing a correction on its position. Today on MCX yellow metal open at green side with a +74 point against its yesterday close. On intraday market it touches a high level of 27188 with a low of 27087. Silver price also raise continuously, on early trade today silver prices jumping more than +400 point. Today Silver for July delivery opens at 45094 with a high of 45418 with a low of 45094.More correction is expecting from bullion on evening trading with a high jump.

 Today MCX calls

 CALL SELL COPPER JUN BELOW 402 TARGETS 400.5, 399, 397.5 STOPLOSS 405

BUY GOLD JUNE ABOVE 27200 TGT 27250, 27300, 27350………..STOPLOSS 27050

BUY SILVER JULY ABOVE 45350 TGT 45400 45500, 45600…………STOPLOSS 45100

BUY NICKEL MAY ABOVE 835.50 TGT 836.50, 838.50. 340.50….STOPLOSS 830.50

MCX gold-silver trend for today and MCX crude oil movement for 08/05/13

Today on fresh start domestic gold open in positive node, but movement is sluggish on future delivery. Gold for June is open at 26745 against its previous close at 26722, whereas on intraday it touch a high of 26777 with a low of 26738. On intraday trade gold is expecting to trade with a resistance of 26991, 27150 and a support level of   26500, 264100.

For intraday trader

Buy gold (June) above 26750 tgt  26800, 26850, 26900………stoploss 26600

White metal on MCX for July delivery focuses to again gain a past movement on domestic market, today MCX silver open bit positive at 44882 it last close is Rs 44861. Today on early trade silver price touches a high of 44985 and low of 44865.  For today trade silver price are expecting for move on but movement is bearish for medium long term. On today trading silver are expecting to trade sluggish with positive node.

Buy silver (july) above 44900 tgt 45000, 45100, 45250 ……….stoploss 44550

Today crude oil on intraday market is showing a low movement from its opening price. Crude for May delivery open at 5177 and seems bearish for day trading.

Sell crude oil (may) below 5170 tgt 5160, 5150…. Stoploss 5190

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Commodity forecast- MCX commodity movement for Monday and MCX report and trading tips

In This week a big swing had seen in domestic bullion market on future contracts, on one hand gold prices are jump by more than +400 point on Multi Commodity Exchange. Some drop has seen on US market after its employment data report show a high job in April more than it is expected.  On Friday a yellow metal jump on domestic market for June delivery by more than +255 point and close at 26825.  Silver roses with +900 point on Friday trade for May delivery. In upcoming week bullion are expected to trade with a good level and show some light correction on commodity market.

Silver for July delivery expected to trade in the range of 44600 to 48300 on MCX.

Gold for June delivery expected to trade 26200 to 27600.

Base metal especially copper and nickel show a huge jump after a long time on domestic future trading. Cut on ECB main interest rate by 25 basis points give support to Asian market metal.  On domestic market volatile movements are seen in remaining metal like zinc, lead and aluminum.

In upcoming week base metal are expecting to trade low with bearish movement on MCX market.

Crude oil for May delivery trade in the range of 5060 to 5198 for future delivery, global crude is bearish with sluggish movement. On domestic market crude oil price are expected to trade on bull side in upcoming week with a low volatile trading session.

MCX cotton are continue its rocking style in this week also,  this week cotton expecting to trade above 18000 with a support level of  17800, 17500 and a resistance of 18500, 18600. Currently cotton is in good position an on Domestic market and appears to break all time record soon on MCX market.

Mentha oil is volatile on Indian commodity market, in present week it shows good sign with up position.  Mentha oil for May delivery expected in upside in upcoming week with bullish movement on MCX.

  

  

Today MCX gold-silver movement and MCX tips for 03-05-13

Commodities showing a shine color with full of brightness; bullion is on top side with green flag. Today is the day of bullion and looking quite positive on Multi commodity exchange. Yellow metal today open at 27020 and go intraday high of 27169 with a low of 26981. Similarly a huge correction is expected in upcoming week form silver for May delivery.  Today on early morning white metal open at 45136 and touches intraday high of 45350. Today a good movement has experience in future contract, on MCX.

Due to correction in bullion some positive data might be seen from crude, today crude oil move with a good jump on MCX for future contracts. On intraday it touches a high of 5088 against its opening price 5028 for May delivery.  N0 negative movement had seen while it’s opening position and more correction where seen on evening near 7pm.

MCX TIPS

BUY GOLD (JUNE) ABOVE 27230 TGT 27280, 27420, 27450… STOPLOSS 27110

BUY SILVER (MAY) ABOVE 45450 TGT 45500, 45600, 45700…..STOPLOSS 45200

BUY CRUDE OIL (MAY) ABOVE 5080 TGT 5090, 5100, 5020,, STOPLOSS 5040

BUY NICKEL (MAY) ABOVE 813.50 TGT 815.50, 817.50, 820.50…….STOPLOSS 806.50

BUY COPPER (JUNE) ABOVE 386 TGT 388, 390, 392.. STOPLOSS 380

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