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.

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Gold ,Silver Position for Today With MCX Trend

Today we can see Commodity Market Gold & Silver begging fall position. Today Silver is more decline position.MCX Silver decline one percent of turnover is Rs 53163.The decline trend gold is light. If we talk MCX Gold so it’s trading at Rs 27587.

Now we are talking about Base metals. All base metals are traded on MCX are on the decline. Copper has the worst level. Copper in domestic market, with about 1.5 percent at Rs 388 is trading.

       * Commodity Trend*

Gold Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance- 29043-29131& Support- 26939-26317

Silver Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance- 55039-55712& Support- 52888-52319.

Copper trend: Trend-Consolidate, Strategy-Buy on Dips, Resistence- 396-400& Support- 386-381.

Crude Oil Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance- 4985-5068& Support- 4848-4657

Natural Gas Trend: Trend-Consolidate, Strategy-Sell on High, Resistance- 170.5-175& Support- 163-160

Lead trend: Trend-Consolidate, Strategy- Sell On High, and Resistance-111.3-113& Support-109.3-108.

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Commodity,Gold Tips,Silver Tips,Gold Prices,Silver Prices,Jackpot Calls,Commodity Live Tips

Commodity Gold & Silver:Today we can see Commodity Market Gold & Silver .Gold Commodity Strong refuse on Thursday & it’s today also still stopped.MCX one percent is trading at Rs 27260.If we talk Global Market position of Gold so its few improvement. Commodity (MCX) Gold is trading at around $ 1,600.

Now we talk about Commodity (MCX) Silver so its opening position very pressurized .Reason is that  silver was decline more than two percent on tomorrow & today opening its slow position .Silver Decline More than ½ percent & trading Rs 53227 on Domestic Market.

Now we talk to Gold Opening position of Rs -27,550 & Silver Rs -53650

Technical & Fundamental Calls for Today:

-BUY GUARSEED DEC ABOVE 6740 TARGETS 6750 , 6760 , 6770 STOPLOSS 6720

-SELL GARGUM DEC BELOW 21000 TARGETS 20980 , 20960 , 20930 STOPLOSS 21040 

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Commodity,Gold,Silver Tips,Commodity Bullion Trend,Commodity Live Tips,Commodity Market,Gold Prices ,Silver Prices,Tecnical & Fundamental Calls|Future Market

Commodity Gold Silver & Base metal

Today we can talk commodity Gold & Silver.MCX Gold & Silver stability Slipped tomorrow. 5 percent drop in business tomorrow MCX 1,585 dollars per ounce on the gold level was reached .With 7.5 percent silver also down on tomorrow.

Reason is that weakness of the rupees against the dollar, the sharp decline in gold today. If we talk to domestic market so it’s approximately one percent is trading at Rs 27949.During this entire weak has turn down by 8 percent in gold.

Silver is seen today in force situations. Silver on MCX with nearly one percent trading at Rs 53844.

If we talk to base metal .Aluminum and zinc in the domestic market is trading at the low border, while copper,nickel and lead are being are traded on the turn down.

Gold &Silver closing position on Tomorrow

Gold     14 Dec 11       28419.00     (0.89 percent)

Silver    14 Dec 11       54720.00    (0.89 percent)

Fundamental Calls

SELL GOLD FEB BELOW 27900 TARGETS 27877 , 27852 , 27824 STOPLOSS 27943
SELL GOLD FEB BELOW 27800 TARGETS 27777 , 27752 , 27724 STOPLOSS 27843
SELL COPPER FEB BELOW 392.5 TARGETS 391 , 389.5 , 388 STOPLOSS 395.5
        Technical & Fundamental Calls with 95 percent Accurecy.

 

Free Gold Tips on Mobile

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