03-01-13 commodity tips

Financial minister P. Chidambaram has said the government is considering a step to reduce the import f gold. A huge import of gold deflects the current account. RBI making a scheme by which they provide a relaxation on gold.

On the MCX gold price is very volatile and the movement is not very satisfactory in the morning session.   Currently gold is trading in the positive direction up by a 57 point from its last trading at 2:30pm.

Meanwhile the movements in the silver give some relief on the early trade; yesterday silver crosses the point of 59000 marks.

Base metal is looking tired today, the market is showing a constant position. After the fiscal problem solved base metal is watched in the green side. Nickel movement is showing some change from the afternoon its goes 9 point high to its last close position.

Movement in menthe oil is showing red flag from the last traded session and helpless to recover from that position but is expected to go high in the next trading session.

Today MCX buy calls

Buy nickel (31 Jan) above 972.30 tgt 973, 975, 977.90………sl 965

Buy silver (5 march) above 59040 tgt 59100, 59200,……..sl 58800

MCX SELL CALL

Sell menthe oil (31 Jan) below 1428.70 tgt 1428, 1425…..sl 1440

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Thursday commodity market tips

Precious metal

Silver has been the top performing and gainer after the US fiscal deal. Silver price has risen on the comex by 0.3%. On the Asian market silver is performing a positive side, on the MCX silver is going o touch a target of 60000. Yesterday silver has cross a point of 59000, and continue the loop with a 345 point hike today at 10:39 am. Meanwhile the gold price in the International market is weaker from the starting of the week. On the MCX gold is performing with a positive flag and goes 116 points high in the early trade session at 10:44 am. India is top importing of gold that why the people are shouting due to the price of gold in the International market.

Crude oil

Crude oil in the global market not performing well is cause low position. While the crude oil is have a good support in the Indian market. On the MCX crude oil for January contract showing a good movement form the week. Today crude oil is goes 21 point high at 10:57 for January contract.

Base metal

Base metals have a strong support on the MCX. Especially copper and nickel showing a good move in the early trade on the Thursday morning. Copper is up by 3.90 point at 11:07 am. Meanwhile the last year worst performing commodity is showing a strong position this year. Nickel hike up by 12.60 at 11:.09 am.

 

 

Today buy calls

Buy silver (5 mar) above 59260 tgt 59300, 59400, 59500……….sl 58853

Buy gold (5 Feb.) above 31130 tgt  31170, 31250………….sl  30900

Buy crude oil (21 jan) above 5070 tgt 5080, 5100……..sl  5035

Today sell calls

Sell cotton (31 jan) below 16530 tgt 16510, 16490, 16480…….sl 16580

 

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commodity news and calls for today

Bullion

Due to depreciation in dollar price gold is showing a red sign, in the early trade on Tuesday morning. Dollar price is down by -0.15 against Indian rupees. The global gold price is also not in very strong position it is expected to trade between $1680-$1690. While on the MCX gold for February contract is traded low today, gold is expected to trade between 30550-31560. While the white metal is showing a good trend in the early trade it goes +180 point high to its previous close. Rupees position support the white metal and other base metal.

Crude oil

Today crude showing a strong position on the MCX, as we say earlier the crude is going to be eye catching this year. Crude oil is up by 28 point high from its last close for January contract at 10:36 am. The global crude position is going to be stronger this year. The crude in the Us is hold a good position.

Cotton

The movement in cotton is very volatile today ,currently cotton is moving with the red flag, but the  cotton have a strong support today 16700 and with a resistance of  16500.

Nickel  

Nickel has been a very worst performing metal in the last year in the domestic as well as global market. Nickel has fall 20% in the previous year but this year nickel made positive movement from the starting of the year. China demand is going to high in base metal and it provides a support for nickel and other base metals. Today nickel for January contract on the MCX is running with a positive green flag and up by 5.60 point high by its last trade.

Today  buy calls:-

Buy silver above 58100 tgt 58200, 58300,,58500,…….sl 57560

Buy nickel above 953.90 tgt 955 ,956., 958……sl 948

Buy crude oil above 5060 tgt 5070, 5080 …sl 5035

Today sell calls

Sell cotton below 16580 . tgt 16570, 16560 ,16550 …………..16640

Sell gold below 30840 tgt 30800, 30760………sl  31200

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01-01-13 commodity news tips updates

Bullion

On the first day on the 2013 the commodity market in struggling, the backbone of commodity market is trending downward in the early trading session. Bullion is moving with the red flag. Today yellow metal is down by 27 point in the early trade from its last close 30859 at 10:34 am. Gold has a low support today 30670 and resistance of 31050. Meanwhile the white metal is also following the same trend and goes 77 point down to its last close Rs 57864 at 10:38 am. Silver is expecting to trade low this week, today it is trading between 57077-58500.

Copper

Copper is in the good position today, currently copper is showing a red oscillator but is expected to showing a green signal shown. Copper for February contract   is trading 443.30 at 10:45. Copper have a good support level 441 and with a resistance of 446.

Crude oil

Today crude oil is in the good move showing a positive movement in the early trade. It’s just passes above 5000 mark in the last trade. Crude current position is 5028 up by 13 point to its last close at 10:51 am.

Today buy calls:-

Buy gold above 30870 …tgt 30950, 31000, 31050………sl 30555

Buy silver above 57830 tgt 57900, 58000, 58100……..sl      57520

Buy crude oil above 5030 tgt 5040, 5060…5080……sl  4090

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