MCX NCDEX Tips ~ Commodity Market Updates Monday 02 April 2012

Saturday, March 31, 2012
NEWS HIGHLIGHT 

Gold hovers around $1,660/oz; traders eye euro zone meet.
Crude oil firmer on weak dollar, supply worries.
Copper rallies, on track for 10 pct q1 advance.
NCDEX chana, rmseed and potato fall on margain hike.

TODAY’S ECONOMIC EVENTS

Date
Time
 Currency Economic Data
Forecast
Previous
MON
2ND APR		 19:30:00
USD
ISM Manufacturing PMI
53.3
52.4
22:05:00
USD
FOMC Member Pianalto Speaks


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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 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.

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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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