Commodity Market gain while Currency Fall down

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 46 points from opening price and currently trading in rupees 31479per 10 gm. MCX silver has gains 307 points at opening price of today and trading in Rs 62719 per Kg currently and growing upward. But Crude Oil gains price 45 rupees and trading in rupees 4947 rupees. And Aluminium now lost  0.05 points and trading in 110.3 rupees and copper gains 0.85 rupees.  Zinc, Lead and Nickel are growing up and gains 0.65, 1.05 and 13.8 points today. On the other side US Dollar USD lost -0.11 paisa and has value equal to 53.36 Indian rupees and JYN has lost also 0.2 rupees.

Read More

commodity news

Gold prices rose by 0.10 per cent to Rs 29,187 per 10 gm in futures trade today, For the first six months of 2012, gold futures trading volumes rose to 23.74 mn contracts showing a growth of 2.5%.

Gold sell below 29220 sl at 29275 tgt 29198,29156  

In June 2012, Comex Silver futures have fallen more than 19% on a year-on-year basis to 1.416 mn contracts while gold futures trading volume rose 14% to 3.479 mn. Today Silver prices touched intra-day high of $27.62/oz and are trading around $27.44/oz . In the Indian markets prices increased by 0.5 percent

 silver sell below 52869 sl above 53039 tgt 52780,52655  sell in range

Oil rose above $90 a barrel in Asia for the first time since May .

Crude oil

CRUDE OIL SELL ONLY BELOW 5002 SL ABOVE 5041 TGT 4984,4955

Read More

Copper Update, Crude Trend Today

Copper Update 30 May 12, MCX Tips, Commodity Tips, MCX Crude Oil Trend Today, MCX Crude Tips

Copper on The base metal has expected low trend today. In the domestic market MCX Copper has introduced negative with Rs 428.6 in previous session, while last trade MCX Copper was closed at Rs 428.85.
Live view of the MCX Copper is trading below 0.38 percent at Rs 427.2 for June contract. Support Zone of Copper is 426 to 424.

Buy MCX Copper June Contract above 427.10.
Targets- 428.15, 429 and Stop Loss 425.  

Crude Trend Today 

MCX Crude oil is also trading below 0.22 percent at Rs 5086 in current time.
Support- 5075-5052.  
Resistance- 5117-5159.

Read More