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 gold and silver tips for 26 April

All base metals are trading on a flat note today. In international market gold silver move up side, Gold is consolidate trend we suggest that prices have maker buying position above 28935 levels

and Buy Silver above 55800 levels.

Read More

Commodity Gold Prices,Silver Price,Gold Silver opning position,Gold Silver Trend For today

Today we can see commodity Market up down position. If we talk to Commodity Gold so its opening position is good but after few times it’s slipped few points.MCX Gold is trading at Rs 27699.If we talk to MCX Silver so it’s also slight decline in the domestic market in silver is trading at Rs 52842.
If we talk commodity Base metal so it’s also have low position. Copper & Nickel are traded on the domestic market is declining. While the aluminum, Lead and zinc is seen few momentous.
Commodity Gold Silver:Today Commodity Gold Open Rs-27685 and Silver is open Rs – 52795.

Commodity Trend
Commodity    Trend    Strategy   Resistance    Support
Gold              Consolidate    Buy on Dips 27813-27962   27561-27367
Silver            Consolidate     Buy on Dips 5492-55311    52400-51200


Commodity Tips Free Click Here

Read More

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

Read More