MCX Commodity Tips - Gold and Silver Tips, Copper and Crude Updates

Friday, December 23, 2011
Precious/Bullion metals (Gold and Silver) are trading higher on commodity market today. We expect prices to trade higher for the following trading session. All base metals are trading higher on International bourses today. Crude oil is trading flat today. We expect prices to trade higher for the day.

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MCX Commodity Tips - Copper Updates, Crude Updates

Thursday, December 22, 2011
Today MCX Gold, Silver, Copper, Crude are trading at positive prices. MCX GOld is trading in the range of Rs. 27,700-27,900 and MCX Silver is trading in the range of Rs. 53,100-53,400. MCX Copper may touch the levels of Rs. 405 and MCX Crude may touch the levels of Rs. 5300 in upcoming trading session.

Precious metals (MCX Gold and Silver) are trading flat on MCX Commodity Market today. We expect prices to trade lower for the following trading session as European Central Bank tender failed to boost market confidence in the euro zone's  ability to tackle its debt crisis. All base metals are trading lower on International bourses today. We expect prices to trade lower for the day. Crude oil is trading flat on MCX commodity today. We expect prices to trade higher for the day.

MCX Market Data - Commodity Market News Today

GOLD CLIMBS AS ECB TENDER LIFTS EURO.
CRUDE OIL CLIMBS A THIRD DAY ON U.S. ECONOMY, SHRINKING SUPPLIES, IRAN SANCTIONS.
COPPER RISES ON SIGNS OF GROWTH IN U.S., GERMANY.
DOMESTIC OIL AND OILSEED TRADE STEADY; SOUTH AMERICAN RAINS EYED.

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MCX Gold and Silver Tips, Copper Updates, Crude Updates Today

Tuesday, December 20, 2011
MCX Silver Prices are expected to trade in the range of Rs 53,200 - Rs 52,400. MCX Copper Prices are expected to trade in the range of Rs 390 - Rs 386. Precious metals are trading higher on COMEX today. We expect prices to trade higher for the following trading session due to the euro zone debt crisis, while a firmer dollar may cap gains in bullion. Industrial metals are trading higher on International bourses today. We expect prices to trade lower for the day. Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the following trading session.

NCDEX Agri commodity market trading tips:

Pepper prices traded  extremely sideways on Monday and closed the day at  35630. Cardamom prices traded lower after making a high of 611 closed the day at 588.40. Guar seed prices rebounded yesterday after taking a support of 6145 closed the day at 6497.

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MCX Commodity Tips - Crude and Copper Updates Today

Today MCX Gold may trade in the range of Rs. 27,500-28,200 and MCX Silver may trade in the range of Rs. 52,400-53,200. MCX Copper and Crude are also trade in mixed prices. MCX Copper may trade in the range of Rs. 388-394 and Crude may trade in the range of Rs. 4900-5100 in today's trading session. Traders use Buy on Lower Levels strategy in MCX Gold and Silver and use Sell on Higher Levels strategy in MCX Copper and Crude.

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MCX Market Data - Copper Updates, Crude Updates

Saturday, December 10, 2011
Today MCX Gold and Silver closed at negative prices. For next week MCX Gold price may touch the levels of Rs. 29,500 and MCX Silver may touch the high level of Rs. 58,000 and low level of Rs. 55,000. MCX Copper and Crude closed at positive prices. MCX Copper may touch the levels of Rs. 415 and MCX Crude touch the levels of Rs. 5300 in upcoming week. 

MCX Commodity Market Updates Today

Friday, November 18, 2011
MCX Gold Dec is currently at Rs. 28482, it is trading up by Rs. 33 points for the day. MCX Silver Dec is currently trading at Rs. 53900, it is down by Rs. 157. MCX Crude Oil November is currently trading at Rs. 5044, it is trading down by Rs. 7 for the day. All base metals are trading on a positive note today. Precious metals are trading flat on COMEX today. We expect prices to trade lower for the day. All Base metals are trading higher on International bourses today. Crude oil is trading higher on MCX today.

Outlook for Soybean is seen up for the day. CPO is expected to trade higher. Guar Complex is expected to trade sideways to lower for the day. Outlook  for Chana is up for the day. Outlook for Jeera is sideways to down for the day. Pepper futures to trade lower  for the day.

Oil money stocks up the OPEC food larder

Thursday, February 3, 2011
A scramble by oil-rich nations to spend their mounting petrodollars on food stocks and fend off price rises, which have triggered riots and revolution, could stoke wider inflation.
As concern about contagion from Tunisian and Egyptian protests persists, Gulf Arab countries are moving fast to boost food imports via international markets and seeking more farmland investments abroad.
Oil money stocks up the OPEC food larder

Top oil exporter Saudi Arabia, which has a high unemployment rate among its native population of almost 19 million, said last week it was worried about global food inflation.
Faced with a rising population as the biggest Arab economy attracts more foreign labour the kingdom already said it hoped to double its wheat reserves within three years.
Saudi Arabia's wheat imports will rise beyond the two million tonnes in 2010, said Khalid al-Rwis, a professor at the College of Food and Agricultural Sciences at King Saud University in Riyadh.
"This year it could be 2.6 million tonnes," he said, adding that the kingdom would have to import three million tonnes of wheat by 2015
The Saudi government has also said the kingdom will also need 3.8 million tonnes of barley, 1.25 million tonnes of rice and 0.78 million tonnes of sugar by 2015.
Other members of the Organization of the Petroleum Exporting Countries have also focused on food.
Algeria confirmed in January it had bought almost a million tonnes of wheat and had ordered an urgent speeding up of grain imports.
Libya's most senior energy official Shokri Ghanem has repeatedly cited a broader rise in commodity prices as justification for expensive oil.
"It should be around USD 100 to compensate for the big increase in the food price," Ghanem told Reuters. "Prices of food have risen and it is tantamount to having a big cut in your income."
The latest wave of food inflation has revived memories of the riots of 2007 and 2008 when commodity prices surged and oil hit a record of USD 147.27 in July 2008.
Arid Gulf nations reacted by beginning a strategy of buying farmland in developing nations to improve security of supplies.
"Social instability generated by food inflation was at a head in 2007. We're seeing inklings of that again," said Jan Randolph, head of sovereign risk analysis at IHS Global Insight.
"It's a very important, live wire issue that affects the Gulf countries."
This is especially true for Saudi Arabia where social pressures are rising with the population and its growing economy is attracting more expatriates, while Saudis struggle to find work -- unemployment was 10% last year.
Annual inflation eased to 5.4% in December but shoppers in Saudi Arabia complain about rising food prices, prompting the chamber of commerce in Riyadh to call on the government to build up reserves for nine basic commodities.
"Its very important to start with the strategic reserves and build up storages," said Rwis, the food researcher.
"Owing to their dependence on imports and the large weighting of food prices in the consumer price indexes, higher global food prices will definitely impact on inflation in the Gulf," said Paul Gamble, head of research at Jadwa Investment.
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