Thursday, April 28, 2011

Free Mcx Trading Tips On Mobile


Mcx Trading Snapshot - Crude oil: As predicted for the last week, Crude has bounced back till 4650 levels. Technically speaking prices have a very strong resistance at 5060 levels.

MACD histogram is showing a long negative divergence and Momentum indicators is also not favoring the rising prices. For the coming week Monarch expects some correction till 4860 levels.

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Lead prices has corrected by 3 % from the last week and we expect some bounce back in the prices for the coming trading sessions.

Technically speaking MACD is showing the highly oversold condition and RSI is trading near 40 levels which is not justifiable. Prices has also formed the Hammer Candle stick pattern which is giving the bullish indi-cator. .
For the coming week we expect prices might bounce back till 50 % of the Fibonacci retracement i.e. at 123-124 levels .

Zinc prices has corrected by 8 % from the last 2 weeks and we expect some bounce back in the prices

Technically speaking MACD is showing the highly oversold condition and RSI is trading near 40 levels which is not justifiable. Prices has also formed the Twizzer Bottom and Doji candle stick pattern which is giving the bullish indicator. . 

For the coming week we expect prices might bounce back till 50 % of the Fibonacci retracement i.e. at 109 levels .

We do not rule out a delayed impact of global crude demand due to high crude prices, we believe the same will be less pronounced as seen in the last correction, as: (1) we are in a upward economic cycle in a high liquidity regime; and (2) earlier demand correction was exacerbated by the financial/mortgage crisis, which is absent currently.

We believe that CY11 global crude demand estimates pose less risk, as we are in midst of an upward revision to global crude demand estimates, and US has been recently showing signs of improvement in the broader economy (recent Fedex guidance).

Monday, April 18, 2011

Free Mcx Commodities Tips


GOLD TIPS  (JUNE - 2011) : Due to demand of ETF Fund and weakness in Dollar resulted Gold investment is save heaven and resulted a record high and closed at above 21500 level. Over all trading sentiment are positive, as inflation in China accelerated, underscoring the challenger that Central Bankers world wide face in combating the rising prices. Speculators were enlarging their position on expectation that the surging precious metal might gain further momentum in the coming months. 

On a technical side, consider support 21200-21300 range.. as remain hold 21500 bullish view continue..... Above ................TARGET ............. 22500 in near term.
 
Comex : Strong bull favour.....with consider support US $ 1455... crossover 1500-1505 range decent move and first target 1535 $ mark.

 SILVER TIPS  (May - 2011) : Entered in unchartered territory... 

Short covering, fresh speculative buying by Big Hedge Funds, high oil prices and geo political risks also helped previous metal to move further. On the other hand the steady rise in Silver supply currently is derived as a byproduct from Gold, Copper, Lead and Zinc as many mines have stopped functioning and no new mines has opened of late. On the other hand investors are consciously switching from Gold to Silver as they expected further appreciation in prices with growing industrial demand. Silver is current trading at 42 an ounce.....and may test 50-52 ounce which is a peak of 1980. 

Silver rose to record high on concerns about rising inflation globally, and as a lingering Euro zone sovereign debt crisis continued to boost safe-haven demand. Chinese inflation gauges rose strongly again and the overall U.S. producer and consumer inflation readings rose, but remained sub-1%.  Holdings in the world's largest silver-backed exchange-traded fund, iShares Silver Trust, rose by 69.81 tonnes, or 0.64 percent, from the previous session to 11,044.07 tonnes by April 15.

ow technically market is in overbot as RSI for 18days is currently indicating 80.26, where as 50DMA is at 54359.78 and silver is trading above the same and getting support at 61769 and below could see a test of 61149 level, And resistance is now likely to be seen at 62925, a move above could see prices testing 63461.

Trading Ideas:
Silver trading range is 61149-63461.
Silver rose to record high on concerns about rising inflation globally
Silver is having resistance at 62925 and support at 61769 level.
Holdings at ishares silver trust rose by 69.81 tonnes to 11044.07 tonnes.

Thursday, April 7, 2011

Best Mcx Tips


Natural gas yesterday traded with the negative node and settled -2.11% down at 180.5 for a fifth day, dropping to the lowest level in three-weeks after the US EIA said natural gas inventories fell less-than-expected last week. It earlier fell to USD4.034 per mBtu, the lowest price since March 17. 

The contract traded at USD4.116 prior to the release of the EIA data. The U.S. EIA said in its weekly report that natural gas storage in the U.S. in the week ended April 1 fell by 45 bcf, after rising by 12 bcf in the preceding week. 

Market had expected U.S. natural gas storage to fall by 50 bcf. According to the data, total U.S. natural gas storage in the week ended April 1 stood at 1.579 trillion cubic feet. Stocks were 86 bcf less than last year at this time and 10 bcf above the five-year average of 1.569 trillion cubic feet for this time of year. Prices were also pressured as forecasts showed warmer-than-normal temperatures in the US next week, dampening demand expectations for the heating fuel. For today's session market is looking to take support at 178.2, a break below could see a test of 175.8 and where as resistance is now likely to be seen at 184, a move above could see prices testing 187.4.

Trading Ideas:
Natural Gas trading range is 175.8-187.4.
Natural gas ended down after the EIA said natural gas inventories fell less-than-expected last week.
Natural gas looks to test support at 178.20 and resistance is seen at 184.
EIA said that natural gas storage in U.S. fell by 45 billion cubic feet

Aluminium yesterday traded with the positive node and settled 0.04% up at 117.95 tracking LME aluminum prices which opened at USD 2,671/mt, and later strengthened supported by soaring crude oil prices and a weaker US dollar caused by the European Central Bank’s interest rate increase, with the highest level reported at USD 2,694.3/mt, again setting a new high. At the end of trading, the 7.4 magnitude aftershock in northeast Japan triggered panic sell-offs in the market, dragging down LME aluminum prices to close at USD 2,680/mt, up USD 7.5/mt or 0.28% compared with the previous trading day. 

Later, the US Labor Department announced that the initial jobless claims fell to 382k last week, down 10k from a week earlier. The better-than-expected employment data helped push up the US dollar index, but later a major aftershock measuring 7.4 magnitude hit northeast Japan on Thursday evening, triggering large-scale sell-offs in the market. For today's session market is looking to take support at 117.3, a break below could see a test of 116.6 and where as resistance is now likely to be seen at 118.7, a move above could see prices testing 119.4.

Trading Ideas:
Aluminium trading range is 116.6-119.4.
Aluminium demand is rising steadily and could wipe out global oversupply by the end of 2011.
Aluminium is taking resistance at 118.70 and support is seen at 117.30.
Aluminium daily stocks at Shanghai exchange came down by 372 tonnes.

Crude Palm oil yesterday traded with the negative node and settled -1.53% down at 514.2 taking weak cues from global market. Output in the second-largest producer after Indonesia probably rose 15%-22% in March. 

Traders also expect end-March stockpiles to reach 1.60 million-1.65 million tons, a level not seen since December. In yesterday's trading session Crude Palm oil has touched the low of 514.2 after opening at 519.1, and finally settled at 514.2. For today's session market is looking to take support at 512.4, a break below could see a test of 510.7 and where as resistance is now likely to be seen at 517.7, a move above could see prices testing 521.3.

Trading Ideas:
Crude Palm Oil trading range is 511-521.6.
Crude Palm oil yesterday traded with the negative node taking weak cues from global market
Resistance for crude palm oil is at 517.70 level
Support for crude palm oil is at 512.40 level.
Crude palm oil prices in spot market dropped 4.50 rupees and settled at 514.70 rupees.