Thursday, June 23, 2011

Mcx Tips Free

Spot gold remained quite in major markets of Mumbai, Ahmedabad and New Delhi Thursday on the back of dull buying. Silver continued to trade down on lack of demand and weakening global sentiment. 

Silver in Mumbai traded at Rs 55,106, in Delhi at Rs 54,700 and in Ahmedabad at Rs 54,390. (Prices in per kg).

Of profit selling in the crude oil is seeing. 1 per cent fall in international market, crude oil is trading with.

Naimaks slipped 1.28 per cent at present, crude oil is trading at 94.17 dollars a barrel. While yesterday's trading, crude oil with 1.32 per cent at 95.41 dollars a barrel was closed.

Federal Reserve decision on interest rates to changes in crude oil had good support. It also happened in the U.S. crude oil stocks had moved up.

U.S. economy grew due to concerns about weakness in gold and silver is seen. Comaks the gold and silver are traded on the decline.

August gold futures on the sense of Comaks Ludhkkr half per cent to $ 1546.3 per ounce is trading at. To $ 1553.4 per ounce of gold at the last level Comaks was closed.

July silver futures on Comaks around 1 per cent of the price of $ 36.45 per ounce level is Ludhkkr. In yesterday's trading at $ 36.74 per ounce of silver at 1 per cent was closed.

Today's sharp decline in copper prices, copper on the LME, with nearly 1 per cent has come down to $ 9000 per tonne. The Shanghai
Metal Exchange are trading at in the fall. Demand in the U.S. and Europe due to projected decreases in copper prices remained under pressure.

Decline in crude oil today. MCX crude oil prices are Fislen 1 per cent. Crude oil in international market because of weak business has been turned on. Naimaks 1.5 per cent on the crude oil is broken.

Tips provided to investors –
Crude oil: Sell -4300-4320, stoploss -4380, -4180 Target
Gold: Sell -22 800, -22 850 stoploss, target -22 650
Silver: Sell -54 900, -54 800 stoploss, target -53 000

Tuesday, June 14, 2011

Copper Updates

Copper June futures quoted at Rs 405.00 per kg, up Rs 3.95. It traded in the range of Rs 405.50- 401.50 per kg. Total volume so far recorded 59,590 lots.

Copper has been witnessed in the shop today. On MCX Copper sluggish in early trading after the business is on the edge of 1 per cent. Analysts said the rise in LME copper is to get the support. Actually LME copper stocks on the decrease, and 1-year records of nearly 10,000 tonnes of copper has dropped.
Base Metals sluggish since the beginning has been witnessed in the Light shopping. MCX Copper and nickel on nearly half percent is traded on the edge.
Yesterday copper updates as traded with the positive node and settled 2.35% up at 410.7 after China announced CPI was up 5.5% in May, which was in line with market expectations. SHFE copper pushed up to RMB 67,610/mt due to position closings by the shorts, but failed to stabilize, with prices falling to below the daily moving averages.
However, China’s CPI data released on Tuesday was in line with market expectations, causing copper prices updates to rebound slightly.  London copper fell on a stronger dollar and arbitrage trading but held on to most of its gains from the previous session in which it had shot up nearly 3 percent, driven by data from United States.
In yesterday's trading session copper updates and touched the low of 401.5 after opening at 401.5, and finally settled at 410.7. For today's session market is looking to take support at 404.5, a break below could see a test of 398.2 and where as resistance is now likely to be seen at 414, a move above could see prices testing 417.2.
Trading Ideas:
Copper trading updates range is 398.2-417.2.
Copper rebounded lows after release of better-than-expected China industrial production data
Copper is taking resistance at 414 and support is seen at 404.50.
Copper daily stocks at Shanghai exchange remained unchanged.

Thursday, June 2, 2011

Gold Updates

GOLD : (June) Today : As mentioned in this column that 22500 is a stiff resistance and fresh up move only above that level...but big sell off were saw resulted over all downward bias and made a low 21891. Now today resistance 22350 watch out and resistance.......?....................reversal to sell side.

Gold updates eased but held in sight of four-week highs on Thursday settled down by -0.8% at 22571 but outlook remained positive as supported by concern about the outlook for U.S. growth and the European debt crisis. Data this week has painted a picture of a U.S. economy that may be running out of steam as companies hired fewer workers than expected, factory activity hit a near-two year low, auto sales slowed and pricier gasoline ate into retailers' sales.

Now technically market is trading in the range as RSI for 18days is currently indicating 55.78, where as 50DMA is at 22255.98 and gold is trading above the same and getting support at 22418 and below could see a test of 22264 level, And resistance is now likely to be seen at 22729, a move above could see prices testing 22886.

Trading ideas for gold updates :
Gold trading range is 22264-22886.
Gold ended moderately lower in see-saw trade, falling more than 1 percent in a profit-taking spree
Gold looks to take support at 22418 and resistance at 22729.
In spot gold looks to get support at 1522$ and resistance at 1540$ level