Wednesday, May 25, 2011

Free Mcx Commodity Tips


Natural Gas yesterday we have seen that market has moved 0.8% amid indications of increased demand after forecasts showed warmer-than-normal weather in key regions in the U.S. next week.  

The Commodity Weather Group said that temperatures in the U.S. East and Midwest are expected to be warmer-than-normal through June 8. The report was expected to show that U.S. natural gas inventories increased by 93 billion cubic feet, after adding 92 billion cubic feet in the preceding week. 

Supplies climbed by 100 billion cubic feet in the same week a year earlier. The five-year average change for the week is an increase of 95 billion cubic feet. Market has opened at 199 & made a low of 198.9 versus the day high of 202.5. 

The total volume for the day was at 10404 lots and the open interest was at 3437.Now support for the Natural Gas is seen at 199.1 and below could see a test of 197.2. Resistance is now likely to be seen at 202.7, a move above could see prices testing 204.4.

Trading Ideas:
Natural Gas trading range is 197.2-204.4.
Natural Gas rose amid indication of increased demand after forecasts showed warmer-than-normal weather
Natural gas looks to test support at 199.10 and resistance is seen at 202.70.
Today natural gas storage: EXP: 93B PREV: 92B

Aluminium yesterday traded with the positive node and settled 1.66% up at 114.75 as rising crude oil prices helped push up aluminum prices to a high of 115.45, but high inventories caused LME aluminum prices to trim some gains. LME aluminum prices are expected to struggle at the 10-day moving average, with prices expected between USD 2,520-2,565/mt.  

Market sentiment will remain sluggish in view of rising cash flow pressures faced by downstream processors and weakening demand at the month-end. In yesterday's trading session aluminium has touched the low of 112.95 after opening at 113.35, and finally settled at 114.75. 

For today's session market is looking to take support at 113.3, a break below could see a test of 111.9 and where as resistance is now likely to be seen at 115.8, a move above could see prices testing 116.9.

Trading Ideas:
Aluminium trading range is 111.9-116.9.
Aluminium settled 1.66% up at 114.75 as rising crude oil prices helped push up prices
Aluminium is taking resistance at 115.80 and support is seen at 113.30.
Aluminium daily stocks at Shanghai exchange came down by 5873 tonnes.

Wednesday, May 11, 2011

WWW.MCXTIPS.COM


In this context, the US dollar index overnight surged to 75.3, weighing down LME zinc prices to USD 2,122/mt, and with prices closing at USD 2,142/mt, down USD 33.8/mt. In yesterday's trading session zinc has touched the low of 94.9 after opening at 97.4, and finally settled at 95.65. For today's session market is looking to take support at 94.4, a break below could see a test of 93.1 and where as resistance is now likely to be seen at 97.5, a move above could see prices testing 99.4.

Trading Ideas:
Zinc trading range is 93.1-99.4.
Zinc ended lower weighed down by rise in China’s CPI during April rose by 5.3% YoY
Zinc looks to take support at 94.40 and resistance at 97.50.
Zinc daily stocks at Shanghai exchange came up by 707 tonnes.

LME nickel prices largely fluctuated lower overnight. Affected by firm US dollar, inflation concern caused by China's CPI, and crude oil price tumble, LME nickel prices accelerated declines and were weighed to move below USD 25,000/mt.

Economic data announced from China also clouded market. China's April CPI only declined slightly. China's CPI for April was reported at 5.3% YoY, higher than expectation of 5.2%. For today's session market is looking to take support at 1076.6, a break below could see a test of 1060.4 and where as resistance is now likely to be seen at 1116, a move above could see prices testing 1140.6.

Trading Ideas:
Nickel trading range is 1060.4-1140.6.
Nickel ended down by 2.43% tracking weakness in other base metals counter
Nickel is having resistance at 1116.70 and support at 1076.60 level.
Spread between nickel MAY & JUN contracts yesterday traded in the range of 9.90 - 11.2.

Tuesday, May 3, 2011

Mcx Trading


SILVER TIPS (JULY - 2011) :
Star performance but time to exit long and sell side.....We are bearish and buying call below 73000.......
Silver price remain bearish.....due impose a fresh margin as well as profit booking

Yesterday it was made a high 67442 and finally lower level freeze were saw resulted more down side opening (63785)...... Ultimate target 6000 mark. Three close below 60000 down side target ...............?.
Today support 61762........below....free fall.

NICKEL TIPS (MAY) :Trend is very bullish..... We may consider support 1180 and resistance 1250.... Close watch this range.... Break or break down will one side move. On weakness to buy side with tight stop loss. 

Today support range 1190-1200 range whereas the buying opportunity. Today if not trade above 1222.....in first hrs trade.....short term selling opportunity. 

LEAD TIPS (MAY) : Over all trend is bullish . Down side support is 110 watch out as hold this level, bull move continue. Higher level resistance 115 and lower level support 112 to be watch out please. 

COPPER TIPS (JUNE) : Sell on rise strategy... Last it was made a high 439 and low 412....... In this week it will face resistance 423-425 remain below weakness continue in this counter. Looks good and decline to buy side.
Today support 420 , hold this level to buy side.. resistance 425-428 range.

ALUMINIUM TIPS (MAY) : Bullish break out..........Hold 123 with volume decent move can not be ruled.
Buy on Decline -with consider support range 120 or below..

NATURAL GAS TIPS (MAY) :
Consider major support 200-205 range hold this level target 220.
Do not panic at lower level......Bullish break out....buy and buy only....