Showing posts with label silver trend. Show all posts
Showing posts with label silver trend. Show all posts

MCX Market Data ~ Commodity Updates Today 23 March 2012

Friday, March 23, 2012
NEWS HIGHLIGHT
  • Gold sluggish after china factory activity falls.
  • Crude oil declines on stockpile release speculation,chinese slowdown.
  • Lme copper falls as china factory activity shrinks.
  • Indian spices trade bearish.

TODAY’S ECONOMIC EVENTS

Date
Time
Currency
Economic Data
Forecast
Previous
FRI
23RD MAR
7.30PM
USD
New Home Sales
326K
321K
11.25PM
USD
Fed Chairman Bernanke Speaks



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MCX Trading Tips ~ Intraday market updates today 21 March 2012

Wednesday, March 21, 2012
Precious metals are trading higher on MCX today. We expect prices to trade range bound. All base metals are trading on a positive note today. We expect prices to trade lower for the day on account of worries over a slower growth in Chinese demand for commodities. Crude oil is trading marginally higher on MCX today. We expect prices to trade higher for the day.
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MCX Intraday Tips, Commodity Market Updates 21 March 2012

Gold edges down ,positive us outlook dents demand.
Brent crude oil slips towards $124 on saudi ,libya supplies.
Copper falls on china demand concerns.
Indian spices trade bearish.
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MCX Commodity Market Updates Today 20 March 2012

Tuesday, March 20, 2012
Precious metals are trading higher on MCX commodity market today. We expect prices to trade higher for the day on account of a weaker dollar. Industrial/Base metals are trading lower on International bourses today. We expect prices to trade lower for the day. Crude oil is trading lower on International bourses today. We expect prices to trade lower for the day.
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Weekly MCX & NCDEX Commodity Market Updates

Monday, March 19, 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.

MCX Crude oil
MCX Crude is a triangular pattern of which wave c appears to be completed, hence it is still expected to move sideways in the triangle.

MCX Copper
Copper has been moving up in an upward sloping parallel channel, so it can touch the upper end of the channel i.e. 446; however the risk-reward doesn`t favor the bulls as of now. So, one can sell near 446 for the target 418 which is its 20 DMA.

NCDEX Chana April
It has provided a breakout from the triangular pattern and has reached near its conservative target of 3846. Now, it has also provided a breakout from the range formed just above the triangle. Hence, the overall trend continues to be up and so we maintain our bias up.
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MCX and NCDEX Commodity Market Updates Monday 19 March 2012

Saturday, March 17, 2012
Gold ends flat, down 3 percent for the week.
Crude up on iran supply worries, weak dollar.
Copper firms on us data; shanghai stocks weigh.
Indian spices trade up.


DAILY MARKET UPDATE (NCDEX)

COMMODITY
EXCHANGE
CLOSING PRICE
% CHANGE
JEERA
NCDEX
13187.5
0.23
PEPPER
NCDEX
44495
2.62
TURMERIC
NCDEX
4344
2.02
GUARSEED
NCDEX
26570
4.03
GUARGUM
NCDEX
85260
4
CHANA
NCDEX
3821
-0.8
SOYBEAN
NCDEX
2910
0.29
SOY OIL REFINED
NCDEX
738
0.46
MUSTARD SEED
NCDEX
3797
1.99
COTTONSEED
NCDEX
1335
-0.37
GUR
NCDEX
1230
0.41
POTATO
NCDEX
972.3
-4
MENTHA OIL
MCX
2393.4
3.9
CARDAMOM
MCX
1225.3
4
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MCX Commodity Market Report Today 16 March 2012

Friday, March 16, 2012
Gold bounces after 2 pct drop, u.s. dollar eyed.
Crude oil trades near 1-week low on u.s. supplies, saudi pledge.
Copper flatlines; eyes on dollar, china.
Domestic oil and oilseed trade steady.
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MCX Commodity Market Updates Today 15 March 2012

Thursday, March 15, 2012
Gold slips for third day; equities, dollar weigh.
Brent oil dips on supply build outlook.
Copper slips on china concerns, stronger dollar.
Domestic oil and oilseed trade steady.

commodity updates today, copper updates, crude oil tips, crude updates, gold live price, gold tips, mcx tips tomorrow, NCDEX, silver prices, silver trend, ncdex, ncdex tips, ncdex live, pepper tips, pepper live, cardamom, elaichi, chana, soybean, soybeans, soyabeans, jeera, turmeric, guar seed, guargum

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