Showing posts with label ncdex live. Show all posts
Showing posts with label ncdex live. Show all posts

MCX NCDEX Tips ~ Commodity Market Updates Today 30 March 2012

Friday, March 30, 2012
NEWS HIGHLIGHT 
Gold gives up early gains; tracks equities lower.
Crude oil down $105 on us crude stocks rise offset iran tension.
Copper steadies; growth worries cap gains.
Domestic oil and oilseed trade up on global cues.

TODAY’S ECONOMIC EVENTS

Date
Time
 Currency Economic Data
Forecast
Previous
FRI
30TH MAR		 6:00pm
USD
 Core PCE Price Index m/m
0.1%
0.20%
6:00pm
USD
 Personal Spending m/m
0.6%
0.20%
6:00pm
USD
 Personal Income m/m
0.4%
0.3%
7:15pm
USD
Chicago PMI
63.2
64.0
7:15pm
USD
 Revised UoM Consumer Sentiment
74.9
 74.3
7:15pm
USD
Revised UoM Inflation Expectations

4.0%
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Today Support & Resistance Levels of MCX Commodity Market

Thursday, March 29, 2012
MCX Gold (April):
Prices have support at Rs 28,030/10gms and resistance at Rs 28,250/10gms.

MCX Silver (May):
MCX May Silver ended 1.4% lower at Rs 56,578/kg. Prices made a high of Rs 57,395/kg and a low of Rs 56,467/kg. Prices have support at Rs 56,300/kg and resistance at Rs 57,000/kg.

MCX Copper (April):
Prices have support at Rs 426/kg and resistance at Rs 435/kg.

MCX Crude (April):
Prices have support at Rs 5,355/bbl and resistance at Rs 5,455/bbl.
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MCX Commodity Market Updates Today 29 March 2012

NEWS HIGHLIGHT 
Gold slips below $1,680/oz as commodities retreat.
Crude oil breaches down $107 on us crude stocks rise ,possible release.
Copper dips; focus on u.s. durable goods.
Indian spices trade bearish.

TODAY’S ECONOMIC EVENTS


Date
Time
 Currency Economic Data
Forecast
Previous
THUR
29TH MAR		 6.00PM
USD
Unemployment Claims
351K
348K
6.00PM
USD
Final GDP q/q
3.00%
3.00%
6.00PM
USD
 Final GDP Price Index q/q
0.90%
0.9%

8.00PM
USD
Natural Gas Storage


11B
9.45PM
USD
 FOMC Member Lockhart Speaks



10.15PM
USD
Fed Chairman Bernanke Speaks


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MCX Commodity Market Updates Today 28 March 2012

Wednesday, March 28, 2012
NEWS HIGHLIGHT
Gold prices hit two-week high after fed comments.
Crude pares loss in new york, trades little changed near $107.
Copper steadies after rally, dollar weakness helps.
Domestic oil and oilseed trade mixed.

TODAY’S ECONOMIC EVENTS

Date
Time
 Currency
 Economic Data
Forecast
Previous
WED
28TH MAR
 1.15PM
USD
FOMC Member Duke Speaks


6.00PM
USD
Core Durable Goods Orders m/m
1.60%
-3.00%
6.00PM
USD
 Durable Goods Orders m/m
3.0%
-3.7%
8.00PM
USD
Crude Oil Inventories


2.8M
-1.2M
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MCX Commodity Market Updates Today 27 March 2012

Tuesday, March 27, 2012
NEWS HIGHLIGHT
Gold pause after rally;dollar ,oil eyed.
Crude oil drops from two-day high in new york demand outlook.
London copper extends gains as euro supports.
Domestic oil and oilseed trade up.

TODAY’S ECONOMIC EVENTS


Date
Time
 Currency Economic Data
Forecast
Previous
TUE
27TH MAR		 6.30PM
USD
S&P/CS Composite-20 HPI y/y
-3.8%
-4.0%
7.30PM
USD
CB Consumer Confidence
70.3
70.8
7.30PM
USD
 FOMC Member Dudley Speaks



7.30PM
USD
Richmond Manufacturing Index
18
20
10.15PM
USD
 Fed Chairman Bernanke Speaks



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Weekly MCX and NCDEX Commodity Market Updates

Monday, March 26, 2012
MCX Silver
MCX Silver broke out from the inverted head and shoulders pattern and the down trend line resistance line, however failed to sustain above these resistance levels.
Sell MCX Silver below Rs 55,900 and target Rs 52,000 with stop loss 58,700.

MCX Crude oil
MCX Crude after breaking up from the triangular pattern made a high of 5635. However, it was unable to sustain above 5,550 and finally gave up almost all the gains.
Sell MCX Crude at CMP Rs 5,487 and target Rs 5,060 with stop loss Rs 5,635.

MCX Nickel
MCX Nickel has broken its crucial support of 943 which is a bearish sign going forward. Now, it is expected to fall till 900-880, whereas on the upside it has a crucial resistance at 963.
Sell at CMP Rs 940 and target Rs 880 with stop loss Rs 963.

MCX Zinc
MCX Zinc appears to be forming a triangular pattern and it is expected to trade in a range of 101.75-104.

NCDEX Soybean April
The resistance on the higher side is 2,995, whereas the support/target on the lower side 2,925.
Sell NCDEX Soybean April at CMP Rs 2,975 and target Rs 2,925-2,900 with stop loss Rs 2,995.

NCDEX Pepper April
Buy NCDEX Pepper April at Rs 41,800 and target Rs 43,500 with stop loss Rs 40,100.
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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%
 
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MCX Intraday Tips ~ Commodity Market Updates Today 13 March 2012

Tuesday, March 13, 2012
The Multi Commodity Exchange (MCX), MCXCOMDEX started on a negative note after a fall of 0.23% on Monday. It is currently trading higher by 4.89 points, or 0.12%, at 3,942.50 at 10.04 a.m. after opening at 3,937.25.

Other index like MCXMETAL is trading upward by 6.12 points, or 0.12%, at 4,964.89 after opening at 4,957.83. MCXAGRI is trading down by 3.37 points, or 0.09%, at 3,562.97 after opening at 3,549.91. Meanwhile MCXENERGY is trading up 8.56 points, or 0.24%, at 3,504.40 after opening at 3,502.16.

Gainers at the MCX were Cardamom - July contract, (1.64%) with open interest of 108, COPPER1KG - August contract, (0.74%) with open interest of 22,010.

Laggards at the MCX were Nickel - September contract, (2.33%) with open interest of 22,010, and Cardamom - October contract, (2.22%) with open interest of 450.
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MCX NCDEX Tips ~ Weekly Intraday Market Updates

Monday, March 12, 2012
MCX Gold
In the past week, MCX Gold prices tested the valid up trend line support visible on daily chart and bounced sharply to close around 28,000 levels. This is also coinciding with the neckline support of bullish head and shoulders chart pattern. We expect prices to rise up from current levels in upcoming sessions.

MCX Crude oil
MCX Crude is forming a broadening pattern on the weekly chart and it is moving higher towards the upper end of the pattern. On the daily charts it is forming a triangular pattern, and the resistance line is pegged at 5,410 levels. Long positions can be initiated above the resistance line.

MCX Copper
MCX Copper prices have completed the bullish head and shoulders chart pattern on the continuous weekly chart and the neckline resistance is placed at 435 levels. Long positions should be initiated only on successful cross of the neckline resistance.

NCDEX Pepper
NCDEX Pepper prices tested the valid up trend line support on the daily chart and closed near the same. On the daily chart prices are trending up in higher high/low fashion. This indicates there is further strength in the counter. We expect prices to continue their upwards journey.
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MCX and NCDEX Commodity Market Updates Today 07 March 2012

Wednesday, March 7, 2012
The Multi Commodity Exchange (MCX), COMDEX begun on a positive terrain after a fall of 0.41% on Tuesday. It is currently trading higher by 12.83 points, or 0.33%, at 3,942.54 at 10.04 a.m. after opening at 3,930.19.

Other index like MCXMETAL is trading upward by 19.61 points, or 0.40%, at 4,935.82 after opening at 4,917.45. MCXAGRI is trading up 17.28 points, or 0.48%, at 3,586.95 after opening at 3,573.09. Meanwhile MCXENERGY is trading up 5.18 points, or 0.15%, at 3,521.39 after opening at 3,514.00.

Gainers at the MCX were COTTON CAKE AKOLA - August contract, (3.01%) with open interest of 5, Cardamom - July contract, (1.64%) with open interest of 108, Wheat - September contract, (1.38%) with open interest of 13, COPPER1KG - August contract, (0.74%) with open interest of 22,010, and Wheat - August contract, (0.68%) with open interest of 450.

Top Losers at the MCX are POTATOTRWR - September contract, (3.89%) with open interest of 5, POTATOTRWR - August contract, (2.86%) with open interest of 108, POTATOTRWR - July contract, (2.47%) with open interest of 13, Nickel - September contract, (2.33%) with open interest of 22,010, and Cardamom - October contract, (2.22%) with open interest of 450.
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MCX NCDEX Tips ~ Commodity Market Updates

Tuesday, March 6, 2012
MCX Gold (April)
Price indication: Prices have support at Rs 27,800/10gms and resistance at Rs 28,200/10gms.

MCX Silver (May)
Price indication: Prices have support at Rs 57,300/kg and resistance at Rs 59,000/kg.

MCX Copper (Apr)
Price indication: Prices have support at Rs 423/kg and resistance at Rs 432/kg.

MCX Crude (Mar)
Price indication: Prices have support at Rs 5,320/bbl and resistance at Rs 5,410/bbl.
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MCX Commodity Tips - Weekly Report (GOld, Silver, Copper, Crude)

Monday, February 13, 2012
MCX Gold
For this week traders can use buy on lower level strategy if MCX Gold above 28420 it can test the level of 28550/28690. Trade by keeping the strict stop losses.
Major support in MCX Gold is 26500 and 25000.
Major resistance in MCX Gold is 28700 and 29500.

MCX Silver
For this week traders can use sell on higher level strategy if MCX Silver sustains below 56800 then it can test the level of 56000/55300/54500, Trade by keeping the proper stop losses. For this week MCX Silver 58000 and 60500 will act as major resistance and 54000 and 51500 will act as major supports.

MCX Copper
For this week traders can go for buy on lower level strategy in Copper. In MCX, Copper sustains above 425 then it can test the level of 429/435/439 if it does not break the level of 415 on the downside. For this week MCX Copper major resistance would be 430 and 445 and supports would be found at 409 and 394.

MCX Crude Oil
For this week traders can use buy on lower level strategy, if MCX Crude
sustains above 4930 then above 4960 it can test the level of 5010/5070 in this week. Trade by keeping the proper stop loss. For this week MCX Crude Oil major resistance is found at 5300 and 5550 and
major supports will be 4700 and 4500.

MCX Natural Gas
For this week MCX Natural Gas major resistance would be 145 and 155, supports would be found at 115 and 105.
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MCX Intraday Tips, Commodity Updates for Today 08 Feb 2012

Wednesday, February 8, 2012
Precious metals are trading flat on COMEX today. We expect prices to trade higher for the day on account of worries over the Greece bailout package and a weaker dollar. Industrial metals are trading flat on International bourses today. We expect prices to trade range bound today on account of worries over the Greece bailout deal. Support for February copper is seen at Rs.416 while resistance is seen at Rs.428. All base metals are trading on a positive note today. Crude oil is trading flat on NYMEX today. We expect prices to trade higher for the day.

MCX Gold Tips, Copper Updates, NCDEX Tips, mcx silver tips, crude updates, mcx commodity tips, ncdex live, copper news and tips, commodities updates, NCDEX agri tips

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MCX Commodity Updates for Today 07 Feb 2012

Tuesday, February 7, 2012
GOLD SLIPS AS GREEK BAILOUT TALKS HURT EURO, STOCKS.
CRUDE OIL DIPS BELOW $98; GREEK DEBT, IRAN IN FOCUS.
COPPER FALLS AS GREECE BAILOUT TALKS KNOCK EURO.
DOMESTIC OIL AND OILSEED TRADE UP ON GLOBAL CUES.
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