Commodity Market Recovered

After a huge slowdown in the market, Commodity trends are come back and recovered loss. Today in the morning all trends are going with plus sign and gaining more profit. MCX Gold has gained 35 points from opening price and currently trading in rupees 31470per 10 gm. MCX silver has gains 223 points at opening price of today and trading in Rs 62635 per Kg currently and growing upward. But Crude Oil gains price 45 rupees and trading in rupees 4947 rupees. Today Aluminium gains 0.35 points and trading in 110.7 rupees and copper gains 0.85 rupees.  Zinc, Lead and Nickel are growing up and gains 0.85, 0.85 and 9.8 points today. On the other side US Dollar USD lost -0.08 paisa and has value equal to 53.40 Indian rupees and JYN has lost also 0.8 rupees.

BUY CRUDEOIL OCTBR ABOVE 4955 SL 4920 TGT 4960-4980-5000 CMP 4951 

SELL SILVER DEC BELOW 62600 TARGETS 62535, 62450 , 62350 STOPLOSS 62727

Buy silver BLW 62650 TGT 62800, 62900  STOP LOSS 62500

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SILVER LOSSES HIGEST POINTS TODAY

Commodity market is continuesly showing slowdown in the marke. At MCX exchange, gold is fell down with -153 points and trading in 31353 rupees per 10 grams and still moving down ward. MCX silver also trading in loss of -994 points and moving to down side with 0.02 percent and trading in 62283 rupees and crude oil just lost 54 points and trading in 4914 rupees per gallon currently.

On the other hand, Aluminium loses 0.95 points per kg and trading in 111.5 rupees but Nickel has just loss of 4.4 points and trading in 955.7 rupees and zinc is not showing any type of changes now and trading in 110.2 rupees while lead has profit of 1.15 rupees. 

On the other side, US Dollar lost 0.4 rupees against indian rupees and have value equivalent to 53.41 rupees today and Japanees Yen also lost 0.14 Indian rupees whlie GBP  ahs value 86.50 rupees and EUR 68.94 rupees.

SELL CRUDE OIL OCT BELOW 4910 TARGETS 4895 , 4880 , 4865 STOPLOSS 4940 

SELL JEERA OCT BELOW 13440 TARGETS 13410 , 13380 , 13340 .

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Commodity market is still showing big slowdown in every trend at MCX Exchange except in crude oil but it cover some profit back and trading positively. MCX gold is going down with -137 points loss and trading in 31881 rupees per 10 grams and still moving down and MCX silver lost -371 points and moving down with 0.2 percent and trading in 64100 Rs while crude oil just gained 11 points and trading in 5026 Rs.

On the other hand, Aluminium loses 1.25points per kg and trading in 113.8 rupees and Nickel is still same as loss of 1.3 points and trading in 963 rupees and zinc is trading in 113.15 rupees with loss of 0.55 rupees.

SELL MENTHAOIL SEP BELOW 1210 TARGETS 1207 , 1204 , 1200 STOPLOSS 1216 

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

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COMODITY MARKET EVENING OUTLOOK

 In the evening of the day, commodity market gain profit and showing momentum again. MCX Silver is trading in 64155 Rs./ kg with 175 points and growing profit. MCX silver November future grow up very well and currently trading in Rs. 64150 with 158 points and December contract is trading in 64136 Rs./kg with 156 points. MCX Gold is trading in Rs 31915 per 10 grams with 8 points as same in the morning. MCX Gold September contract is trading in 25595 Rs. with 22 plus points and October Future contract of MCX gold in trading in 31922 Rs. per 10 grams with change of 0.05 percent and made profit of 15 points. Crude Oil at MCX gains 33 points and trading in Rs 5359 per gallon while Aluminium, Copper, Zinc And Nickel grow up again with 0.3 points in Aluminium, 0.85 points in copper, 0.35 points in Zinc and 401 points in Nickel but Lead fall down and trading in loss of 0.35 points on Rs. 116.6 per unit. MCX natural Gas is trading in profit in 25 sept contract.

Commodity	Rs	Chg	% Chng
Gold - 5 Oct	31922.00	15.00	0.05%
Silver - 5 Dec	64123.00	143.00	0.22%
Crudeoil - 19 Sep	5357.00	31.00	0.58%
Naturalgas - 25 Sep	162.30	10.30	6.78%
Aluminium - 28 Sep	113.45	0.20	0.18%
Copper - 30 Nov	453.30	0.10	0.02%
Nickel - 28 Sep	928.00	1.20	0.13%
Lead - 28 Sep	116.35	0.60	-0.51%
Zinc - 28 Sep	110.35	0.05	0.05%
Menthaoil - 29 Sep	1314.70	54.80	-4%
Cotton - 31 Oct	17530.00	30.00	-0.17%

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GOLD AND SILVER MARKET TREND

After showing a huge slowdown in market, Commodities have better position today for trader. This time is to be happy for traders because today commodities are in big profit. MCX Gold and Silver are showing good momentum. MCX Gold Is reaching at new record and currently trading at 31782 Rupees per 10 grams with 314 points profit. And in spot market price of gold has gone beyond Rs 31,850. Today Gold is 6 month high ahead of ECB meeting. In future market, gold gains 1.02 per cent and currently trading in Rs 31,790.00 with 322 points in 5 Oct 12 Contracts.

However gold seems sluggish due to weakening of the euro against the dollar in today's business and also the U.S. economic figures are even worse because of the pressure on gold on Tuesday and in August the U.S. manufacturing figures are the lowest in 3 years.

According to Nirmal Jain, chairman of India Infoline makes sense to invest in gold.

The MCX Silver is approaching record levels of 7 months. MCX Silver is currently trading in Rs 63139 with profit of 1257 points. Currently Silver Futures are gained 2.16 percent and trading in Rs 63,217.00 with profit of 1,335 points. The USD Dollar rally was stopped because silver is currently booming and the fluctuation in MCX Copper seems continue.

MCX Crude Oil in trading in profit and in slow in Business because of week manufacturing process data. MCX Crude Oil Future gains 1.11 percent in sep. contract and nickel sep gains 1.3 percent while natural gas loses 0.19 percent in sep future but menthaoil gains 0.35 percent in sep. future contracts.

TIPS FOR TODAY:

BUY ZINC AUG ABOVE 105.5 TARGETS 106 , 106.5 , 107 STOPLOSS 104.6 

BUY MENTHA OIL SEP ABOVE 1364 TARGETS 1367 , 1370 , 1374 STOPLOSS 1358

BUY SILVER DEC ABOVE 63100 TARGETS 63165 , 63250 , 63350 STOPLOSS 62973

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