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 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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Commodity Bullion|Commodity Gold,Silver,Tips|Commodity Market|Commodity News|MCX Live Tips

Stock Market or Commodity Market is place where may be any time Changing .If we talk to MCX Commodity Gold & Silver So its opening Position was good but After 10 am its slipped few points .MCX gold at Rs 29146 with a moderately fast growing business with the silver nearly ½ percent is trading at Rs 56518 .

Now we talk about Base metal so its shop today. In Domestic market, Copper nickel and zinc are seeing a half percent.

Gold & Silver Precious condition

Gold    08 Dec 11    29083.00   +0.8 percent

Silver   08 Dec 11     55736.0     0.1 percent

Technical & Fundamental Calls in Commodity

-SELL GARGUM DEC BELOW 18100 TARGETS 18080 , 18060 , 18030 STOPLOSS 18140.

-BUY ZINC DEC ABOVE 104 TARGETS 104.5 , 105 , 105.5 STOPLOSS 103.1

Free MCX & NCDEX Tips Here

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