COMMODITY MARKET RECOVERED BUT STILL TRADING IN LOSS

Commodity market is continuesly showing slowdown in the market. At MCX exchange, gold is fell down with -110 points and trading in 31396 rupees per 10 grams and still moving up side and recover 43 points. MCX silver also trading in loss of -878 points and moving to down side with 0.02 percent and trading in 62399 rupees and recover 113 points and crude oil just lost 43 points and trading in 4925 rupees per gallon currently.

On the other hand, Aluminium loses 1.25 points per kg and trading in 110.2 rupees but Nickel has just loss of 0.6 points and trading in 959.5 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 just gain 0.02 rupees against indian rupees and have value equivalent to 53.47 rupees today and Japanees Yen also lost 0.17 Indian rupees whlie GBP  ahs value 86.59 rupees and EUR 69.06 rupees.

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COMMODITY MARKET TODAY’S OUTLOOK

This week commodity markets have huge variation. MCX GOLD and SILVER showing slowdown in the market today while silver and gold were booming yesterday. Today MCX Gold and Silver are trading in heavy loss while crude oil is continue going down, and other commodities are in the gaining position and gain profit very well.

MCX Gold is showing heavy fluctuation and loss 144 points and currently trading in Rs 31323 per 10grams. While in future market, Gold is trading in 31310 rupees per 10 gm with loss of 157 points and its high price is 31421 and lower price 31270 rupees.

On the other hand, silver is trading in heavy loss of 652 points currently on price 61687 Rs/kg and in future market, silver is trading in 61695 with loss of 658 points in nov contract.

Crude Oil is trading in Rs 5313 per gallon with stable decrement percent and lost 26 points. Aluminium, Lead, nickel, Copper, and Zinc are trading in profit today.

Aluminium	109.65	+0.65
Copper	439.2	+5.75
Lead	113.7	+0.6
Nickel	908	+11.1
Zinc	106.35	+1.15

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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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COMMODITY UPDATES MCX TRADING TIPS AND LIVE MCX COMMODITY PRICES

MCX UPDATES TODAY

Gold and silver are most valuable commodities that may affect position of trader and investors of share and commodity as MCX & NCDEX markets. Crude oil and copper are also one of the most effective parts of market.

Today Gold is down slightly by -15 points on price 29262 INR per 10 gram. In today’s market, Silver also down by 50 pints on price 52757 INR per kg and crude oil and copper has also goes down slightly. Today, commodity market goes down and may helpful for buyer because market is at which position where it can go anywhere but has most chances to go up ward and make profit for buyers. MCX Gold, silver, crude oil and copper may increase and have a good increased value for making profit.

MCX GOLD 10 gm      29262               -15

MCX SILVER 1 kg      52757               -50

Crude Oil                   4790                 -5

Copper                      426.05              -0.15

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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.

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Commodity Market Updates|Metal Trend with lead tips

Blog Updates (20 jan 2012):-Today MCX Gold traded in the international market is showing slow.While MCX Silver is a also decaling Trend today.Gold is trading at around 1735 dollars in international market while domestic market it is trading at Rs-28,030 in previous session.MCX silver is decline half percent and its trading around $ 33 in international market while local market it is trading at Rs-57,090 in previous session.

MCX Base metal especially copper is trading 425.1 in domestic market while copper on the London metal exchange is trading at around 1.5 per cent.

Base metal trend for Today

Copper(Feb):-Trend –Consolidate,Stretegy-Buy on dips ,and its Resistance - 429-432 with support - 422-420.

Aluminum(Jan):-Trend-Consolidte,Stretegy-Buy on Dips,Resistence 112.3-114 with support 109-108.

Lead(jan):-Trend –Consolidate, Strategy Buy on Dips and its Resistance  108.35-112with support 104-103.

MCX Lead Tips:-Sell Lead Below 111 with target 110.5,110 and its Stop loss 111.9

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MCX Copper Updates>Commodity Tips

Indian Commodity Market Updates (25 jan 2012)

Today MCX Copper has in use early lead. MCX Copper on the London metal exchange is traded on the slip. Today markets are closed all of Asia including china.Today MCX copper become visible pressure.MCX Copper is trading at Rs 420.30 with 0.5 percent.

Silver Tips:-Sell Silver March Below 55,000 with target 54935 , 54850 , 54750 and its Stop loss 55127    

-Buy Guar seed Feb above 11850 with Target 11870, second target 11890 and third target 11910 and its Stop loss 11810.

      Click< Commodity Tips

              

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