Showing posts with label MCX Commodity Trend. Show all posts
Showing posts with label MCX Commodity Trend. Show all posts
Thursday, August 30, 2012

MCX Commodity Trend & Prices to Trade

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Gold commodity prices are expected to drift lower to the level of 30650 -30600, for intraday commodity market one can sell MCX Gold Commodity around 30900 -30950 with a intraday stop loss above 31070.

Silver commodity prices are expected to test the level 56800 -56500 due to profit taking. For intraday one can sell mcx silver commodity around 57750 -57800 with a stop loss above 58100.

MCX Crude commodity prices are expected to trade lower for the day as resisting the zone at 5360 -5370. crude Oil Prices are expected to test the level of 5250 -5220.

Copper prices are likely to witness a range bound move from 417 to 427 one can trade with a negative bias with copper around 424 with a stop loss above 427.50.

Lead prices are resisting at 110, If fails to sustain above that then one can sell lead commodity with a small stop loss for the target of 108.

Nickel prices as expected tested the level for 893 -890 on lower end. One can sell nickel commodity around 908 -912 with stop loss above 921.
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Thursday, July 5, 2012

MCX COMMODITY TRENDS & TIPS TODAY

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MCX Commodity Trend: 5th July 2012

Gold trading range for the day is 29398-29712. Gold is trading above 29557, now intraday gold is holding support at 29398 and resistance at 29712. Silver trading range for the day is 53523-53935.Silver is trading below 55274, with intraday support seen at 53523 and resistance at 53935. Copper trading range for the day is 421.9-429.9.

Crude trading range for the day is 4728-4808. Crude is holding with a support at 4728 and resistance will be likely at 4808. Natural Gas traded up in today's market with a heat in mostly part of US.Nat.Gas trading range for the day is 155.4-165. Natural Gas is holding with a support at 155.4 and resistance will be likely at 165.

Aluminium dropped slightly in today's commodity market. Aluminium trading range for the day is 105.53-107.63. Nickel trading range for the day is 925.03-949. Zinc trading range for the day is 102.8-104.8.

Commodity Tips Today:

SELL ALUMINIUM BELOW 106.20 SL 107.40 TGT 105.06-103.40
BUY CRUDE @ 4750-4770 SL 4718 TGT 4815-4855-4878
BUY NAT.GAS @ 159.80 SL 157.80 TGT 160.80-162.50-164.50
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Monday, June 11, 2012

MCX Commodity Trend: Gold, Silver, Copper, Crude

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MCX Gold Trend Today

Gold prices can further inch up till 29880  -29930 whereby we expect selling pressure on gold to continue, one can maintain a stop loss above 30080 for today's gold commodity.

Today's gold commodity levels are:
Gold resistance level: 29970/30120
Gold Support level-29720/2964.

MCX Silver Trend Today

Silver prices are expected to trade within the broader range from 55250 to 53500 one could trade with mcx silver commodity within the range. Oscillators too suggest a flat to positive move.

Levels for today's Silver commodity
Silver Resistance Level -54700/55250
Silver Support Level -53700/53300

MCX Copper Trend Today

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity for copper today around 408 with a stop loss below 404. Fresh buying could witness above 415.

Levels For Copper Toady are as follows:
Copper Resistance Levels-417/421
Copper Support Levels-407/397

Crude commodity Market Trend

Crude prices are witnessing a stiff resistance at 4770 – 4800 zone one can enter short around 4680 -4690 in crude commodity market with a stop loss above 4735.

Crude Commodity Levels for Today:
Crude Resistance Level-4670/4715
Crude Support Level-4525/4480




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