Commodity Market's Varied Fastly

Today commodities prices have much variation but go in like stable mode. Yesterday, we looked at commodity market is in bearish trend but today some commodities are gained and going with profit but GOLD and SILVER is in down trend and may be going  stable.  While gold and silver are the most valuable commodities that affect trader’s position in the market.

Commodity market is going in bearish mode from Monday and today gold and silver is in loss of some few points. Today, gold is traded in loss of two points from today’s opening price at Rs 30844, while silver is traded with heavy loss of 166 points at Rs 57393.

On the other hand Aluminium, Zinc, Nickel is traded with loss of 0.45, 0.15 and 2.5 points on Rs 103.7, 101.95 and 901. While Lead and copper going positively but not so much. Copper is traded with profit 3.2 points at 425.9 and Lead is traded with 0.5 on 108.75 and Crude Oil is traded with loss of 8 points on Rs 5306.

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Gold and Silver Update

Silver prices may rise in the second half of 2012 and 2013. The German bank revised its average forecasts of $33.50 an ounce for 2012 and $41.70/oz for 2013. Silver today fell by Rs 100 to Rs 53,000 per kg due to reduced off take at prevailing levels. The silver  had gained Rs 800 in last four trading sessions. Silver coins price remain stable at Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.
On Monday trading spot gold is already up at $1623 an ounce after posting a weekly gain of 2.5%.In India October Gold closed sharply higher on Saturday and support levels at 30,025, 29,780 and resistance levels at 30,390 and 30630. Physical gold demand in the Asian region, the price of precious metal is hope to be higher in the festival time and it must be result in increase in gold and silver price. gold prices rose by Rs 42 to Rs 30,215 per 10 gm in futures trade today.
Spot gold jumped 1.5 per cent to a three-week high of $1,609.91 an ounce in the previous session, "There is no buying as prices are very high and liquidity is very tight," said Hirachand Gulecha.

 Gold bar premiums in Singapore were steady at 80 cents an ounce above London prices, In Hong Kong, the price is higher which causes less buyer and premiums were little changed in the range of $1 to $1.50 an ounce.

silver above 53350 on the upside in next trading session.

  Buy silver above 53350 on the upside in next trading session.

‎  and sell Sell gold below 2974.0

  and sell gold below 29740

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POOR MONSOON ARISING NCDEX INSTRUMENT PRICES

Commodity trading, gold silver tips, NCDEX tips, Agri Sugar Chana tips   

NCDEX Sugar update
Sugar touched record production 26 million tons in 2011-12 but after that it’s price raised in India as well as global market. It’s Main reason is the poor monsoon in india and the south Asia. Lower arrivals from Brazil is also a cause of it, In Brazil due to rain shipment is going to difficult, so the export of sugar from brazil has desist at last 15 days. Which is rising sugar price in global market. In Indian market sugar surged to a record heights on Monday, 23rd July to Rs 3600 per qtl.

NCDEX Chana update for future
NCDEX Chana is also rising continuously due to lower production, tight supply and the large demand in the domestic market of ahead of festive season. It’s price may regular high because in the season lower rain decreased plantation of kharif pulses it planted 20.54 Lakh hectare area, which is decline from the previous year and chana production is also decreased from the last year.

Chilli Future tips
Chilli Future prices regain today it’s production will also reduce in future because Acreage of chilli decline in Andhra Pradesh at this july. IN Asia crop in Pakistan may be affected by adverse weather condition. In recent week soya been prices rose high in NCDEX and turmeric prices also rose frequently it got the circuit due to increase in price.


NCDEX Turmeric Pulses tips 
Now In NCDEX turmeric traded at 6098 in Aug Future up 76. In Sep 6290 up 86. India produces nearly18 million tons of pulses every year and consumes approx 21 million tons. The country imports around 3 million tons to meet the domestic demand. While, the rainfall affecting the output of pulses, making way for more imports. With the depreciating rupee against dollar, the imports of the commodity turns costly. indian ministry may provide subside on pulses to curb prices.

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Gold Prices,Silver Prices.MCX Trend For Today.

MCX Gold & Silver Prices for Today

Gold: 27920 Rs (Opening Position)

Silver:53519 Rs (Opening Position)

MCX Trend for Today

Gold Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance- 28351-28510& Support-27624-27529.

Silver Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance-54935-55559& Support- 52536-52112.

Copper trend: Trend-Consolidate, Strategy-Buy on Dips, Resistence-401.4-406.9& Support-393.4-390.

Crude Oil Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance-5241-5272

& Support- 5057-5020.

Natural Gas Trend: Trend-Consolidate, Strategy-Sell on High, Resistance-166.7-171& Support-161.2-157.8

Lead trend: Trend-Consolidate, Strategy- Buy on Dips, and Resistance-104.75-106.5& Support-102.5-102

Zinc trend: Trend-Consolidate, Strategy-Sell On High, Resistance-100.1-101.7& Support-97.5-96

Nickel trend: Trend-Consolidate, Strategy-Buy on Dips, Resistence-1021-1043

 & Support-977-967.

Aluminum trend: Trend-Consolidate, Strategy-Sell on High rate, resistance-106.6-108.6 & Support-104.7-103.5

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