Base Metals on MCX India has shown a strong trend in commodity segment today. All metals including Copper on MCX are bouncing around 1-2.5 per cent. The price of copper has risen to Rs 458. After the approval of the U.S. Fiscal Cliff bill the commodity market has grown rapidly worldwide. Positive Data From China has put support for the Copper on MCX today. Copper on the London Metal Exchange was trading above $ 8,200.
In bullion metals the gold and silver are trading strong on MCX today. At moment the gold is trading at 31130. While the silver is at 59100+. We suggest to initiate long positions in the gold and silver at MCX. The bullion commodities are expected to move up in the next trading hour. Base metals have already gone up.
MCX Trading Tips For Next Session
MCX Gold (Feb Futures): Buy – 30980, stoploss – 30920 and the target – 31150
MCX Silver (March Futures): Buy – 58800, stoploss – 58400 and the target – 59600
MCX Copper (Feb Futures): Buy – 453.50 stoploss – 449 and the target – 460
MCX Crude oil (July Futures): Buy – 5030, stoploss – 4990 and target – 5090
MCX Commodities Gold Silver Copper Crude Updates 08 June 2012
MCX Gold and silver looks weak due to down sharp & decline in comex. The crude oil slipped 2 percent, 1 percent decline in copper on the LME. With 0.5 per cent on MCX gold is trading at Rs 29 170. While silver has been 0.5 per cent fall to Rs 53 725. Crude oil slipped 1.5 percent on MCX is trading at Rs 4625. Around 0.25 to 1 per cent of base metals on MCX is seeing weakness. Around 1 per cent on MCX Copper is trading at Rs 407.35 with osteoporosis.
MCX Trading Tips for Monday 11 June 2012
you may Buy mcx gold above 29200 with Stop loss 29130, Target 29280 and the mcx silver is a Buy call above 53800 with Stop loss 53500, Target 54100.
MCX Copper Tips Buy above 408, Stop loss 406, Target 410.
Major Resisatnce at LME 9600.
Bullish till LME 8500.
MCX lead Buy above 105.70, Stop loss 105.20, Target 106.20.
MCX Zinc Buy above 104.30, Stop loss 103.90, Target 104.80.
MCX NCDEX Tips, Trading Strategies for 06 June 2012
MCX Gold Tips Buy above 30020, Stop loss 29950, Target 30100.
MCX Silver Tips Buy above 54250, Stop loss 54000, Target 54650.
MCX Copper Tips Buy at 411, Stop loss 409, Target 414.
MCX Lead Tips Buy at 106.25, stop loss 105.50, target 107.20.
MCX Zinc Tips Buy above 105, stop loss 104.50, target 105.60-105.80
MCX Crude Oil Tips Buy at 4710, Stop loss 4670, Target 4780.
MCX Natural Gas Buy above 134, stop loss 131, target 137-138.
MCX NCDEX Commodity Market Tips & Outlook 01 June 2012
MCX Gold, Silver, Copper, Crude oil, Natural Gas, Lead, Aluminum, Zinc Live Prices, updates, support Resistance Level,Live Chart 31 May 2012,Commodity future updates, June July Commodity outlook, Gold Update, Silver Live Trend, MCX Tips, MCX Gold, Silver Sure Shot Call, Intraday Tips, Commodity Future Updates, MCX Online Tips, Free Commodity Trading Strategy Today, MCX NCDEX Tips for Today 01 June 2012, MCX Live price and Chart
MCX Gold Tips: Sell below 29120, Stop loss 29170, Target 29070
MCX Silver Tips: Sell below 54100, Stop loss 54300, Target 53800
MCX Copper Tips:Buy above 424, Stop loss 422, Target 426
MCX Lead Tips: Buy above 108.75 Stop loss 108.50 Target 109
MCX Zinc Tips: Buy above 106.80, Stop loss 106.50, Target 107.10.
MCX Aluminum Tips: Buy above 112, Stop loss 111.70, Target 112.30
MCX Crude Oil Tips: Buy above 4990, Stop loss 4960, Target 5020
MCX Natural Trading Tips: Buy above 4990, Stop loss 4960, Target 5020