Showing posts with label mcx gold. Show all posts
Showing posts with label mcx gold. Show all posts

MCX NCDEX Tips ~ Commodity Market Updates Monday 26 March 2012

Saturday, March 24, 2012
NEWS HIGHLIGHT
  • Gold rises 1 pct,set to end three week drop.
  • Crude oil gains as sanctions bite,weak dollar weigh.
  • Chinese growth fears drag copper down on week.
  • Indian spices trade bearish.

TODAY’S ECONOMIC EVENTS


Date
Time
Currency
Economic Data
Forecast
Previous
MON
26TH MAR
5.30PM
USD
Fed Chairman Bernanke Speaks


7.30PM
USD
Pending Home Sales m/m
1.00%
2.00%
 

Copper Updates, Crude Updates, MCX Gold and Silver Tips

Monday, January 16, 2012
Today Gold, Silver, Copper, Crude oil in MCX commodity market are trading at higher prices. Gold is trading in the range of Rs. 27,450-27,700 and Silver is trading in the range of Rs. 52,200-52,500 in today's trading session. Copper and Crude oil are trading at positive prices. Copper is trading above Rs. 415, it may touch the levels of Rs. 420 in upcoming trading session. Today crude oil is trading in the range of Rs. 5100-5150.

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

Friday, January 6, 2012
Precious metals are trading flat on COMEX today. Industrial metals are trading higher on International bourses today. We expect prices to trade lower for the day on account of concerns that the euro zone crisis is dragging demand  growth lower. Crude oil is trading lower on NYMEX today. We expect prices to trade lower for the day on account of a stronger dollar and an unexpected rise in oil inventories. Support for February copper is seen at Rs.398 while resistance is seen at Rs.409. All base metals are trading on a flat note today.

Pepper prices plummeted yesterday from a high of 32770, closed the day at 31715. We expect an initial pullback towards 32200 levels before resuming the down trend towards 31500 then 30900 levels for the day. On the other hand, if  prices bounce back above 33500, may negate the near term bearish view.
Downside supports: 31460/30900/30500.

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 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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