COMMODITY MARKET SHOWING SLOWDOWN

Commodity market is showing huge slowdown in every trend at MCX Exchange. MCX gold is going down with 124 points loss and trading in 31834 rupees per 10 grams and still moving down. MCX silver lost 385 points and moving down with 0.2 percent and trading in 64079 Rs while crude oil lost 21 points and trading in 4994 Rs.

On the other hand, Aluminium loses 1.05 points per kg and trading in 114 rupees and Nickel is still same as loss of 4.1 points and trading in 960.2 rupees and zinc is trading in 112.65 rupees with loss of 1.15 rupees.

SELL SILVER DEC BELOW 63950 TARGETS 63885, 63800 , 63700 STOPLOSS 64077

Read More

Commodity Market Showing Positive Attitude Today

At the noon of 10 September 2012, the commodity market is in profit and showing momentum. In current commodity market MCX trend gains profit in every stream. MCX Gold and Silver are showing positive attitude and gaining positional value in the market. MCX Gold is trading in Rs 31969 per 10 grams with gained profit of 73 points but MCX Silver is gained 386 points and trading in Rs 64276 per Kg with 0.02 percent decrement.

Aluminium copper and Zinc are trading in Rs 112.3, 454and 109.35 with minimum profit of 1.15, 6.4 and 1.25 points respectively. While Crude Oil is trading in Rs 5344 per gallon and make a move to come out from Slowdown and currently gained 30 points. Lead and Nickel also go with profit and Gained 1.25 and 18 points currently.

In the future market gold and silver are gaining 10 plus (in September contact) and 383 plus (in November contract).while MCX Menthol oil trading in loss of 14.7 points currently.

Read More

commodity news update,MCX gold copper market update

GOLD AND COPPER NEWS UPDATE

 At India’s Multi Commodity Exchange, Gold futures are likely to trade in range with mixed bias. Stronger local currency rupee can cap the upside of bullions on domestic bourses.

  Gold edged down 0.2 per cent to $1,587.19 an ounce by 0325 GMT, after rallying 1 per cent on Friday. Today Gold's bounce from contracting range lows points to near term upside potential, which we think should be sold into. Risks remain for a retest of the larger range lows at 1525/26 before looking for signs of a base. Resistance: 1620, 1595 Support: 1565, 1550.

Gold 29,206.00(0.21%) as On Jul 16, 2012 at 12:00 AM

Unit                        GRMS      Close Price (`)         29,268.00

High Price (`)      29,249.00     Low Price (`)           29,180.00

Day Open (`)      29,230.00    Open Interest (`)       16,215.00

Buy Price (`)       29,203.00   Sell Price (`)               29,205.00

Volume               6,170.0        Value (`)                   18,02,76,25,000.00

 Copper to rise in second half of 2012, decline in 2013 Copper prices to strengthen in the second half of this year but decline in 2013 as the market starts to shift to a supply surplus.

Read More

MCX Crude Oil and Copper Updates

Crude oil update -  After the report of organization of petroleum exporting countries, Today crude oil futures fell in the domestic market. According to this report the demand of crude oil will be decrease in 2013 it will be 0.82 MB per day in 2013. you may sell crude oil current price. Copper update -

Copper price may be fall in future due to second quater GDP report of the china because china releasing it’s 2quater GDP report on 13jul2012 and expecting it may be low economy growth from last three year, since china is the largest copper consumer in globally. Copper in aug open    422.65  high423.15  low 420.15  nov open427.25 high427.60 low424.70

Read More

Commodity Copper Live updates Today

Copper has to suffer decline today. MCX Copper prices have slumped down to 410.65 levels after declining near around 0.19 percent. Analyst said the effect of the decline in the international market also impact in domestic market today. MCX Copper June and August both future contract has traded negative view today, But These Future contract may recover in evening session.

MCX Copper is Supporting Level 414.7 to 421.2 and Resistance 408.2 to 401.8.  

Copper Sure Shot Call Today
Buy Copper above 411 with June Contract.
Targets- 412, 413and Stop Loss 409.

Read More