Thursday, August 18, 2011

Free Commodity Trading Tips On Mobile


Gold touched a new high today. On MCX, gold prices have gone beyond Rs 26,500. Record rise in gold investors due to the rapid increase in this trend. With the edge of the silver is trading at Rs 60 744.
Decline in crude oil today. Naimaks on the MCX on the decline in crude oil is traded. On MCX, crude oil is at Rs 3,973.
In today's strong showing is traded base metals. Advantage of weakness in rupee against the dollar today is to get all the base metals. While the rupee against the dollar has now reached the lower levels of the last 6 months.
Have also been hit by weakness in Rs spices. Export to drop due to fears that all the spices to be traded on the decline.
In today's commodity markets, gold has attracted the attention. While increasing the height of the gold market has surprised investors have become circumspect. What should be the rapid rise in the gold market experts and experts from strategy to know.

Gold in gold fund investors place bets on new altitude record. The investment or gift for the gold coins will be the best. Sandeep Jain, retired or pensioner advises that investors would be the best choice for the Gold Fund ETF.
Decline in crude oil today. Naimaks crude oil is trading around $ 87. While modest gains in domestic crude oil is trading at. On MCX, crude oil along the edge is at Rs 3976.
Gold remains strong. Edge with gold on MCX is trading at Rs 26 394. Edge is even with silver at Rs 60 468. The base metals are traded on the edge.
With crude oil in international markets - with gold and silver are also seeing a decline.

Naimeks now slipped 0.4 percent to 87.25 dollars per barrel crude oil is at. Slight edge over the Brent crude remains above the level of 110.50 dollars a barrel.

Both gold and silver at the moment Comeks is looking weak. Nearly $ 1 to $ 1785.80 per ounce gold on Comeks away is trading at. Also Comeks the weakness of the silver $ 1 dollar per ounce level remains at 40.3.

Sunday, July 24, 2011

Free Commodity Calls


NATURAL GAS :Small trading range and consolidation of 180 to 200 range...lower level to buy side on dip...Real move only above 220 level.
Copper August contract traded at Rs 433.15 per kg, down Re 0.35 and traded in the range of Rs 433.70- 433.10 per kg. Volumes so far traded were 524 lots.

Lead July contract currently traded at Rs 119.25/kg, down Re 0.25. The session opened at Rs 119.50 per kg and so far fluctuated in the range of Rs 119.50- 119.30 per kg. So far 98 lots were traded, 

Nickel July contract traded at Rs 1,064.10/kg, down Re 0.40 and moved between Rs 1,065.80- 1,063.20 per kg. It had opened the session t Rs 1,065.70 per kg. Volumes were 120 lots. 

Zinc July contract traded at Rs 109.10, down Re 0.05 and traded between Rs 109.30- 109.10 per kg. Volume so far was 94 lots.  
Crude oil futures closed tad lower towards the end of Multi Commodity Exchange (MCX) Saturday. Nymex ended close to USD 100/barrel gaining support from sharp rebound in refined products in US.  

Nymex crude oil at New York Mercantile Exchange (NYMEX) traded at USD 99.81/barrel, down 0.06.
MCX crude oil July contract closed at Rs 4,446 [-3.00] a barrel. Far month August and September contracts ended at Rs 4,485 [-2.00] and at Rs 4,526 [-6.00] a barrel respectively.

Crude oil futures ruled steady during the early hours of trading on Multi Commodity Exchange (MCX) Saturday on slight profit taking. Nymex ended close to USD 100/barrel gaining support from sharp rebound in refined products in US.  

Nymex crude oil at New York Mercantile Exchange (NYMEX) traded at USD 99.81/barrel, down 0.06.
MCX crude oil July contract traded at Rs 4,446 [-3.00] a barrel. Far month August and September contracts traded at Rs 4,484 [-3.00] and at Rs 4,530 [-2.00] a barrel respectively. 

Sunday, July 17, 2011

Commoditiestips Free Trial


Gold, silver futures closed on a bullish note towards the end of trading on Multi Commodity Exchange (MCX) Saturday session with marginal profit. Gold this week made an all time high of Rs 23,120/10 gm, while overseas prices also notched record high. Overseas gold and silver ended respectively at USD 1,592.65/oz, up 0.40 and at USD 39.21/oz, up 0.02 respectively.

MCX's most active August gold contract ended at Rs 23,067/10 gm, up Rs 74 and moved between Rs 23,090- 23,009/10gm. Contract volume was 2,896 lots.

MCX gold mini, most active July contract closed at Rs 23,068/10 gm, up Rs 72 and fluctuated between Rs 23,090- 23,020/10gm. Total volume was 5,738 lots.

Benchmark silver September closed at Rs 58,475/kg, up Rs 424 and made an intra-day high and low of Rs 58,560- 58,200/kg. Total volume was 4,854 lots. 

MCX silver mini August futures ended at Rs 58,470/kg, up Rs 416 and fluctuated between Rs 58,564- 58,150/kg. Total volume so far was 9,375 lots.
Base metals futures ended on a mixed note mild change towards the end of Multi Commodity Exchange (MCX) Saturday session. Volumes remained thin on weekend. 

Aluminium July contract ended at Rs 110.25 per kg and moved in the range of Rs 110.40- 110.20 per kg. Total volume recorded 127 lots.
Copper July futures settled at Rs 434.90 per kg. It traded in the range of Rs 435.30- 434.80 per kg. Total volume so far recorded 1,770 lots.

Lead July closed at Rs 120.60 per kg and traded between Rs 120.80- 120.90 per kg. Total volumes recorded 396 lots.

Nickel July contract ended at Rs 1,075.10 per kg, down Re 0.50 and traded between Rs 1,077.60- 1,075.00 per kg. Total volumes recorded 753 lots.

Zinc June contract closed at Rs 105.35 per kg, up Re 0.10 and traded between Rs 105.50- 105.30 per kg. Total volume recorded so far 290 lots. 

Thursday, July 7, 2011

Commodity Tips Online Free


MCX most active August contract at Rs 22,219, up Rs 22 and so far moved between Rs 22,221- 22,190/10gm. Volumes were 1,497 lots.
MCX gold mini most active August contract traded at Rs 22,223/10 gm, up Rs 22 and fluctuated between Rs 22,236- 22,193/10gm. Volumes so far was 2,801 lots.

Silver September contract gained Rs 220 at Rs 54,305/kg at 10:39 AM IST and so far made intra-day high and low of Rs 54,309- 54,111/kg so far. Volumes were 4,392 lots.
MCX silver mini most traded August contract moved up Rs 218 at Rs 54,315/kg and traded between Rs 54,348- 54,125/kg. Volumes were 7,776 lots. 

Gold mini, most active August contract traded at Rs 22,153/10 gm, up Rs 48 and fluctuated between Rs 22,259- 22,130/10gm. Volume was 27,727 lots.
Most active silver September contract receded by Rs 66 at Rs 54,019/kg and so far made intra-day high and low of Rs 54,452- 53,601/kg so far. Volume so far was 50,318 lots. 

MCX silver mini most active August contract dropped Rs 65 at Rs 54,032/kg and traded between Rs 54,471- 53,611/kg. Volume recorded 86,284 lots.

Ended on Thursday after crude oil is seen on the pressure. Crude oil is trading around 98 dollars a barrel. Crude oil closed near $ 99 on Naimaks. gold is returned to the trend of investors. The 1532 gold dollar remains Uppr. 

On Thursday, the U.S. market faster and increase interest rates by the ECB because of the decline in gold. Gold closed under $ 1530. However, silver is in the selling continued. Silver remains under $ 36.5. 36.5 silver dollars was shut down on Thursday.

Crude oil is traded on edge today. U.S. reserves of crude oil decreases the estimate of crude oil is trading above 97 dollars per barrel.

Tips provided to investors -
Gold (August Futures) MCX: Buy -22130-22140, stoploss -22 080, -22 250 goals
Silver (September Futures) MCX: Buy -54050-54100, stoploss -53 900, -54 350 goals
Crude Oil (July Futures) MCX: Buy -4315-4320, stoploss -4280, -4365 Target

Thursday, June 23, 2011

Mcx Tips Free Trial


Today Crude oil Is in sharp decline. While more broken than 1 per cent at MCX on Naimaks crude oil prices have plummeted by nearly 2 per cent. The Federal Reserve has slashed its estimate of growth of the U.S. economy. According to the U.S. economy than the Fed expects growth to remain low Skmi. The crude oil demand has been feared to drop.

International Energy Agency in July to 6 million barrels of oil stock release is announced. International Energy Agency crude oil since the announcement made in the selling pressure. There is great weakness in the Brent crude slipped half a percentage point and now is at 108.43 dollars a barrel.

In the international market with strength in gold and silver are traded. However, weakness in the domestic market closed yesterday, gold and silver.

Gold fell by -1.45% to settled at 22411, its biggest one-day drop in over a month, after disappointing U.S. jobless claims data hit investor risk appetite and boosted the dollar, pummeling commodity and stock markets. Investors sold gold to cover steep losses in the equity, grains and crude oil markets, which sank on news of the release of emergency oil reserves.

August gold futures surge on Comaks with a sense of doing business at 1523 dollars per ounce. 2.1 per cent in the business of tomorrow Comaks Ludhkkr gold ounces per dollar had closed at 1520.5. In the domestic market with a fall on MCX gold closed at 22 411 per 10 grams.

Comaks July silver futures price at 35.2 dollars per ounce of strength level is reached. Silver, 4.7 per cent yesterday on Comaks Ludhkkr business was shut off at $ 35 per ounce. MCX silver slipped on the domestic market was closed on 52 721 per kg.

Copper yesterday traded with the negative node and settled -0.61% down at 402 on a stronger dollar and concerns about demand in the US after the Federal Reserve cut its forecasts for economic growth in the world's largest economy. Data showing big metal consumer China's factory sector was close to stalling and Greece's debt crisis also soured sentiment.

Sonen is firmly intact, Comaks gold is trading at the top of the last two weeks. The silver to see selling pressure on the upper level, while still at $ 36 per ounce silver price is up.

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Tuesday, June 14, 2011

Gold Price


Gold price yesterday traded mixed and settled flat at 22348 that is down by -0.05% before this we ahve seen market tested the support at 22222 and recovered amid inflationary concerns in China and continued tumult surrounding the Greek debt crisis. Chinese authorities reported overnight that CPI jumped 5.5% in May, slightly above forecasts of 5.3%. International market has continued strongly in gold and silver. But the marginal gains in gold and silver has been witnessed.

This has raised anxiety in markets, enhancing the safe-haven appeal of precious metals, especially gold and silver. Now technically market is trading in the range as RSI for 18days is currently indicating 46.59, where as 50DMA is at 22450.5 and gold is trading below the same and getting support at 22252 and below could see a test of 22155 level, And resistance is now likely to be seen at 22415, a move above could see prices testing 22481.

Trading Ideas:
Gold trading range is 22155-22481.
Gold recovered from lows to settle flat boosted by simmering inflation pressures in China
Gold looks to take support at 22252 and resistance at 22415.
In spot gold looks to take support at 1518$ and resistance at 1534$ level.

August gold futures on Comacs 1526.5 dollars per ounce above the level of expression is reached. Gold in the last half per cent of businesses taking advantage of the dollars per ounce closed at 1524.4.

Wednesday, June 1, 2011

Gold Updates


Gold Tips : Due to worsen UD economic data resulted strong buying forces in Gold being a safe haven assets and closed almost near to days high. Over all trend is very bullish and decline to buy side.... Today support is 22400-22350 range.. crossover..?.... and stay with volume do not remain short.... Remember target 22800 in coming days.  

Gold futures edged flat to negative to settled at -0.34 at 22668, before that hitting a fresh four-week high as prices were boosted by a broadly weaker U.S. dollar, however gains were limited as fears over a Greek default eased. Weakness in the U.S. dollar contributed to gold’s strength. The greenback dropped to a three-week low against the euro following reports that Germany could make concessions to facilitate a new bailout package for Greece.

As we have predicted in out last week report that Gold might Fall down till 21200 levels, but it did not go into that direction. Prices are continu-ously rising because of global uncertainties and weak dollar. For the coming week , we expect gold updates prices might fall down till 21800 levels .

Monday, May 23, 2011

Commodity Tips Online


The trigger for gold's rise was the decision on Friday by ratings agency Fitch to cut Greece's debt ratings by three notches. Safe-haven bids gathered steam as doubts grew about Spanish austerity measures and Italy suffered a credit outlook downgrade. Gold ETFs saw their first daily inflow in nearly 3weeks on Friday, the biggest 1day inflow in a month. 

Now technically market is trading in the range as RSI for 18days is currently indicating 58.9, where as 50DMA is at 21722.16 and gold is trading above the same and getting support at 22197 and below could see a test of 22093 level, And resistance is now likely to be seen at 22360, a move above could see prices testing 22419.

Trading Ideas:
Gold trading range is 22093-22419.
Gold climbed after raft of unsettling news on indebted nations dented investor confidence.
Gold looks to take support at 22197 and resistance at 22360.
Spdr gold trust holdings rose by 7.58 tonnes to 1209.53 tonnes.

Silver finished flat to lower at +0.1 53331, but substantially better than most other commodities. Gold’s sister precious metal settled with a loss of $0.18, or 0.5%, at $34.90 per ounce. 

Several unnerving developments occurred in Europe over the weekend that spooked investors. S&P’s lowered its outlook on Italy’s credit rating, Spain’s ruling Socialist political party suffered its worst-ever defeat in regional elections, and government bond yields on Greek debt spiked to fresh all-time highs. The concerns pressured the euro currency, which dipped below 1.40 against the U.S. dollar. The stronger dollar provided a headwind for cyclical commodities and pressurized base metal and crude. 

In silver ETFS, holdings fell by more than 10 million ounces last week to a new low for the year. Now technically market is trading in the range as RSI for 18days is currently indicating 40.43, where as 50DMA is at 59966.54 and silver is trading below the same and getting support at 52717 and below could see a test of 52102 level, And resistance is now likely to be seen at 53790, a move above could see prices testing 54248.

Trading Ideas:
Silver trading range is 52102-54248.
Silver finished flat to lower at +0.1  but substantially better than most other commodities
Silver is having resistance at 53790 and support at 52717 level.
Holdings at ishares silver trust fell by 15.17 tonnes to 10136.99 tonnes

Wednesday, May 11, 2011

Commodity Market Tips Free


Natural gas futures dropped for the seventh time in eight days settled -0.05% down at 189.5 on speculation that rising production will bring inventories to a record by the fall. Gas slipped as much as 2.2% after stockpiles expected to climb to 3.9 trillion cubic feet by the end of October, surpassing the previous pre-winter record of 3.84 trillion. 

Gas futures also dropped in sympathy with crude oil, which fell as much as 5.4% after an Energy Department report showed that U.S. crude supplies rose to the highest level in two years. U.S. natural-gas stockpiles probably rose less than the seasonal average last week as nuclear power-plant shutdowns increased demand for gas as a replacement fuel. 

Inventories rose 71 bcf to 1.828 trillion in the week ended May 6. The 5-year average stockpile change for the week is an increase of 90 billion, according to Energy Department data. Supplies climbed 93bcf a year earlier. For today's session market is looking to take support at 186.2, a break below could see a test of 183 and where as resistance is now likely to be seen at 192.7, a move above could see prices testing 196.

Trading Ideas:
Natural Gas trading range is 183-196.
Natural gas dropped on speculation that rising production will bring inventories to a record by the fall.
Natural gas looks to test support at 186.20 and resistance is seen at 192.70.
Today natural gas storage: EXP: 69B PREV: 72B 

Aluminium yesterday traded with the negative node and settled -2.11% down at 115.85  after China’s consumer price index (CPI) in April rose by 5.3% on a yearly basis, a signal of severe inflation, and triggering investor concerns over China’s economic growth. The European debt crisis escalated due to Greece debt crisis, and the euro weakened in response, with upward momentum expected to be limited in the short term. The rising demand for risk-averse boosted the US dollar index to above 75. 

LME aluminum prices opened higher but moved lower. Stronger US dollar and lower crude oil prices depressed market confidence in European trading hours, and LME aluminum prices accelerated declines following other base metals prices, with prices finally closing at USD 2,591.3/mt, down USD 61.8/mt or 2.33%. For today's session market is looking to take support at 114.8, a break below could see a test of 113.7 and where as resistance is now likely to be seen at 117.9, a move above could see prices testing 120.

Trading Ideas:
Aluminium trading range is 113.7-120.
Aluminium ended weak as stronger US dollar and lower crude oil prices depressed market confidence
Aluminium is taking resistance at 117.90 and support is seen at 114.80.
Aluminium daily stocks at Shanghai exchange came up by 2010 tonnes.

Thursday, May 5, 2011

Commodity Market Tips


SILVER TIPS : Star performance but time to exit long and sell side.....We are bearish and buying call below 73000.......

Yesterday we have given a sell call below 59006 and target 55000 and almost tested a low of 54800 level.
Now today........resistance 57500-57800 range, down side crucial support 54745 and break and trade below another round of selling. Will it test 40000-36000 again, time will tell. But certainly no buy......no bottom finishing. 

In Comex : All time high 49.8. Close watch 100 DMA support 34... break and trade below immediate target 29 an ounce. 

LEAD TIPS  (MAY) :Over all trend is bullish . Down side support is 110 watch out as hold this level, bull move continue. 

Today resistance 106.50, down side below 103.50 further selling likely. 

NICKEL TIPS (MAY) : Finally broken yesterday crucial level 1153 and started down ward journey. Now today....resistance 1140-1150 range, break and trade below 1100, big sell of likely... Today crucial level 1105 below further sell off. 

COPPER TIPS (JUNE) :Sell on rise strategy... Last it was made a high 439 and low 412....... In this week it will face resistance 423-425 remain below weakness continue in this counter.
Now today.... Resistance 409-410.... Trade and sustained below 400 immediate target 391 thereafter more selling pressure. 

ALUMINIUM TIPS (MAY) : Bullish break out..........Hold 123 with volume decent move can not be ruled.
Today resistance 120 and reversal to sell side...

NATURAL GAS TIPS (MAY) :Consider major support 200-205 range hold this level target 220.
Unable to cross 210 and started down ward journey.......today support 190..and resistance 201 watch out. 

CRUDE OIL TIPS (MAY) :Short term trend is down and sell on rise strategy. Today crucial level 4851...

Thursday, April 28, 2011

Comodity Intraday Calls


As we have rightly predicted in out last week report that Gold might bounce back till 20870 levels, it did that. Gold has pierced the 21200 lev-els , because of weak dollar and rising crude prices.

Commodity Snapshot - Gold: Technically speaking Gold prices are trading above the 5d EMA and breakout in its Ascending triangle also . But the MACD Histogram is showing an overbought condition. , and RSI has also touched its very strong resistance.

For the coming week , Monarch expects gold prices might fall down till 21200 levels with a very strong resistance at 21530.

As we have rightly predicted in out last week report that Gold might bounce back till 20870 levels, it did that. Gold has pierced the 21200 lev-els , because of weak dollar and rising crude prices.

Commodity Snapshot - Silver: Technically speaking , the prices are trading above its 5d EMA , which is showing the strength . But all the major price indicators are showing an extreme overbought condition. . RSI is trading above 86 levels . MACD is also showing the negative divergence.

For the coming week Monarch expects silver prices to cool down till 59200 levels with a very strong resistance at 61200.

As we have mentioned in our last report that crude might fall till 4680 lev-els , but it didn’t go into that way.

Commodity Snapshot - Crude Oil: Technically speaking prices are trading above its 5d EMA , which is showing the strength . From the chart we can notice that MACD is show-ing a negative divergence and OBV is also showing the same picture, which means volumes are not backing the rising price.

For the coming week Monarch expects crude prices to fall down till 4950-4880 lev-els with a very strong resistance at 5170 levels.

Commodity Snapshot - Silver: Silver prices are making higher highs , because of weak dollar. Technically speaking , RSI is trading above 92 levels , which consider as highly overbought condition. Commodity channel index is showing a negative divergence.

MACD is also in an highly overbought condition . But Silver is trading above the 5d EMA , which is the only matter of cautioun

For the coming week Monarch expect prices might bounce back till 70700 levels and after that Monarch expects a correction of 800 points i.e. till 69200 levels

Monday, April 18, 2011

Commodity Free Trial


Copper yesterday traded with the negative node and settled -1.16% down at 417 posting its biggest weekly loss since mid-March, as mounting inflationary pressure in China cast a shadow over the near-term demand outlook. Copper again shunned rallies in the precious metals complex, with gold and silver surging to record and 31-year highs, respectively, as investors bought both metals as a hedge against global inflation worries and rising oil prices. 

Chinese consumer price inflation sped to 5.4 percent in the year to March, the fastest since July 2008 and topping market forecasts of 5.2 percent. Gross domestic product in China, the world's top copper buyer, eased a touch. China accounts for about 40 percent of copper demand. In yesterday's trading session copper has touched the low of 416 after opening at 422.5, and finally settled at 417. For today's session market is looking to take support at 414.3, a break below could see a test of 411.7 and where as resistance is now likely to be seen at 421.3, a move above could see prices testing 425.7.

Trading Ideas:
Copper trading range is 411.7-425.7.
Copper fell as mounting inflationary pressure in China cast a shadow over demand.
Copper is taking resistance at 421.30 and support is seen at 414.30.
Copper weekly stocks at Shanghai exchange came down by 6578 tonnes.

Zinc yesterday we have seen that market has moved -1.09% as investors were worrying about that China will take additional tightening monetary policies because of high inflation, which will cut consumer demand. Global refined zinc production will exceed demand by almost 200,000 tonnes this year, the fifth year running of over-supply, the Lisbon-based International Lead and Zinc Study Group (ILZSG) said. Market has opened at 107.35 & made a low of 105.65 versus the day high of 107.6. 

The total volume for the day was at 19962 lots and the open interest was at 8618.Now support for the zinc is seen at 105.2 and below could see a test of 104.4. Resistance is now likely to be seen at 107.1, a move above could see prices testing 108.3.

Trading Ideas:
Zinc trading range is 104.4-108.3.
Zinc market near 200,000 T surplus in 2011 -ILZSG
Zinc looks to take support at 105.20 and resistance at 107.10.
Zinc weekly stocks at Shanghai exchange came up by 10598 tonnes.

Crude Palm oil yesterday traded with the negative node and settled -1.38% down at 507 on sustained selling by speculators at prevailing higher prices. Trading sentiments remained bearish as palm oil in Malaysia traded moderately lower on poor demand for the commodity among biofuel producers. 

Malaysia's palm oil exports during the April 1-15 period declined by 21% from a month earlier to 4.18 lakh metric tonnes. In yesterday's trading session Crude Palm oil has touched the low of 505.4 after opening at 511.5, and finally settled at 507. For today's session market is looking to take support at 504.4, a break below could see a test of 501.8 and where as resistance is now likely to be seen at 510.6, a move above could see prices testing 514.2.

Trading Ideas:
Crude Palm Oil trading range is 501.7-514.1.
Crude Palm oil yesterday traded with the negative node on sustained selling by speculators
Resistance for crude palm oil is at 510.60 level
Support for crude palm oil is at 504.40 level.
Crude palm oil prices in spot market dropped 8.50 rupees and settled at 505 rupees.

Thursday, April 7, 2011

Commodity Free Tips On Mobile


Copper yesterday traded with the positive node and settled 1.03% up at 432 hitting its priciest level in about two weeks, as investors once again ignored an in-line interest rate hike and continued to bet on the global economic recovery. Markets barely flinched after the European Central Bank raised rates for the first time since July 2008 by 25 basis points to 1.25 percent. Slight pressure had been witnessed in their session highs after an earthquake of magnitude 7.4 shook the northeast of Japan and a tsunami warning was issued for the coast, already devastated by last month's quake and tsunami.

LME copper prices rallied all the way after finding technical support at USD 9,600/mt, reaching as high as USD 9,752/mt, the highest level in two weeks. Finally, LME copper prices closed at USD 9,700/mt, up USD 80/mt. In yesterday's trading session copper has touched the low of 426.15 after opening at 427.15, and finally settled at 432. For today's session market is looking to take support at 427.4, a break below could see a test of 422.7 and where as resistance is now likely to be seen at 435.4, a move above could see prices testing 438.8.

Trading Ideas:
Copper trading range is 422.7-438.8.
Copper ended up as investors once again ignored an in-line interest rate hike
Copper is taking resistance at 435.40 and support is seen at 427.40.
Copper daily stocks at Shanghai exchange came down by 1077 tonnes.

Zinc yesterday traded with the positive node and settled 0.87% up at 108.6 tracking LME zinc prices which moved between USD 2,420-2,440/mt during the Asian trading hours. In the evening, European central bank announced to raise interest rates by 25 basis points to 1.25%, the first interest rate hike since July 2008.
But LME zinc prices rose to USD 2,470-2,480/mt, with prices once touching USD 2,486/mt. Since a 7.4 magnitude earthquake occurred in east Japan, LME zinc prices lost some gains, with prices finally closing at USD 2,465/mt, up USD 24/mt, above the 5-day moving average. 

In yesterday's trading session zinc has touched the low of 107.3 after opening at 107.5, and finally settled at 108.6. For today's session market is looking to take support at 107.4, a break below could see a test of 106.2 and where as resistance is now likely to be seen at 109.7, a move above could see prices testing 110.7.

Trading Ideas:
Zinc trading range is 106.2-110.7.
Zinc yesterday traded with the positive node tracking higher LME zinc prices
Zinc looks to take support at 107.40 and resistance at 109.70 level.
Zinc daily stocks at Shanghai exchange came up by 201 tonnes.

Nickel yesterday traded with the positive node and settled 2.01% up at 1198.6 tracking LME nickel for delivery in three months opened at USD 26,500/mt and closed at USD 27,000/mt, up by USD 455/mt from a day earlier, with the highest price at USD 27,400/mt and the lowest price at USD 26,351/mt. LME base metals largely ended with gains on Thursday due to strong demand signals, but a new earthquake in Japan pared certain gains. LME nickel prices extended Wednesday's strong upward momentum overnight. 

LME nickel prices largely fluctuated stably during the Asian trading hours, but surged to the highest of USD 27,400/mt during the Asian trading hours, with prices closing above all day moving averages. Weighed by Japans' earthquake, LME nickel prices fell from high and closed at USD 27,000/mt mark. For today's session market is looking to take support at 1177.4, a break below could see a test of 1156.2 and where as resistance is now likely to be seen at 1216.9, a move above could see prices testing 1235.2.

Trading Ideas:
Nickel trading range is 1156.2-1235.2.
Nickel yesterday gained due to strong demand signals
Nickel is having resistance at 1216.90 and support at 1177.40 level.
Spread between nickel APR & MAY contracts yesterday traded in the range of 8.00 - 8.2.

Wednesday, March 30, 2011

WWW.Commodity Tips


Currently, Domestic commodities markets are trading with a negative note. As 3 out of 4 indices are showing downward trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,488.94 (down by 0.83%), MCXENERGY is trading at 3,308.76 (down by 0.20%), and MCXAGRI is trading at 2,528.47 (down by 5.75%), while MCXMETAL is trading at 4,500.00 (up by 0.16%), (At 02:59 PM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,107.49, down by 0.64% (At 02:52 PM today).

In restricted trade, wheat prices fell up to Rs 25 per quintal in an otherwise wholesale grains market today on adequate stocks following rising.

At Multi Commodity Exchange (MCX), cardamom for April contract is trading at Rs. 1,072.00 per kg, down by 0.36%, after opening at Rs. 1,070.00 against the previous close price of Rs. 1,075.90. It touched the intra-day high of 1,079.10 till the trading. (At 02:44 PM today).

At Multi Commodity Exchange (MCX), nickel future for March contract is trading at Rs. 1,181.90 per kg, down by 0.81%, after opening at Rs. 1,191.30 against the previous close price of Rs. 1,191.30 per kg. It touched the intra-day high of Rs. 1,193.80 till the trading. (At 02:38 PM today).

At Multi Commodity Exchange (MCX), crude oil future for April contract is trading at Rs. 4,702.00 per barrel, up by 0.11%, after opening at Rs. 4,691.00 against the previous close price of Rs. 4,697.00. It touched the intra-day high of Rs. 4,709.00 so far. (At 02:37 PM today).

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,695.0 per 10 grams, up by 0.26%, after opening at Rs. 20,639.00 against the previous close price of Rs. 20,641.00. It touched the intra-day high of Rs. 20,720 so far. (At 02:34 PM today).

At Multi Commodity Exchange (MCX), silver future for May contract is trading at Rs. 55,663.00 per kg, up by 0.90%, after opening at Rs. 55,187.00 against the previous close price of Rs. 55,165.00 per kg. It touched the intra-day high of Rs. 55,804.00 so far. (At 02:32 PM today).

Sunday, March 27, 2011

Intraday Tips For Commodity


GOLD TIPS : (APRIL - 2011) : Last it was show some selling pressure at higher level and unable to cross and sustained 21048 and finally made a low of 20715 and closed at 20839. Over all short term trend is down and fresh and sharp move only above 21000 level if crossover with volume. On the lower side strong support range 20700 , decisively break will invite some correction and may test 20500, thereafter over all selling in the market.

SILVER TIPS : (May - 2011) : High volatile counter, initially week it was made a low of 53246 but support were saw resulted high 56555 but unable to hold higher level due to profit booking and finally closed at 55455. Our trend is bullish and decline to buy side strategy to be adopted. Higher support watch 55000 as remain we can expected first target 56900. 58000-58300. Lower level support was 53615-55450 watch out. Above....... Bull favour and hold long position.
Trend Decider of this week is 55085.

LEAD TIPS (MARCH) : Last week strong show this commodity and made a high of 123.95 and low was made at 119.25 and finally closed at 121.35. Over all trend is bullish and decline to buy side. Short term support is 119 watch out.
Trend Decider of this week : 121.50

NICKEL TIPS (March) : Over all trend is bullish but higher level some profit booking can not be ruled out. Last week it was made a high of 1226 after low of 1182 and finally closed at 1217. In this week down side strong support 1200-12005 and decisively break will come down, higher level resistance 1234-1252 watch out.
Trend Decider of this week is : 1208.
COPPER TIPS (April) : Last week it was made a low of 426 and some buying were saw resulted made a high 442 but unable to close above that level. Over all long term trend is very bullish on weekly chart and any decline to buy side. In this week, we may consider strong support 435 and support is 431-420 range, whereas the resistance 445-452. 

ALUMINIUM TIPS  (MARCH-11) : Small trading range last week 117.55 but unable to sustained and closed above that resistance level. Down side support 115 watch out and resistance 117.50.. close above that level will move further
Trend Decider of this week : 116.25

NATURAL GAS  TIPS (MARCH) :Last week price gained more than 3% in NYMEX due emergency shutdown of Japanees Nuclear plant due to earthquake to increase demand for liquid Natural Gas by the world biggest LNG consumer. As per report released by the US Energy Department Natural Gas declined 71 billion cubic feet.
As last week we have written in this column that after a Japan crises, renewal energy is a main source of JAPAN and Natural Gas will be the first priority. Be remember that we gone long above 180 and finally it was made a high last week 204 after a low of 191 and finally closed at 203.40. In this week, we may consider support 199 and support 190, resistance 210. 

 CRUDE OIL TIPS  (MARCH -11) :Higher volatility..... Last week it was made a high 4797 and low was 4626 and finally managed to hold 4700 level and closed at 4744. Now we may consider support 4650 and resistance 4800, crossover and stay with volume sharp move and first target 4900, thereafter ore up side.

Monday, March 21, 2011

Free Trial Tips For Commodity


Gold for April future surged as much as 0.96% to $1,429.7 per ounce on the Commodity Exchange (COMEX) in electronic trading on the back of mounting violence in Libya after the U.S, U.K., Italy and France’ forces launched a military campaign against the Muammar Qaddafi’s air force, boosted the demand for precious metals as a protection of wealth. While, investors are also monitoring the unfolding nuclear crisis in Japan.

At Multi Commodity Exchange (MCX), Gold future for April contract is trading at Rs. 20967.00 per 10 grams, up by 0.57%, after opening at Rs. 20,879.00 against the previous close price of Rs. 20,848.00. It touched the intra-day high of Rs. 20993.00 till the trading. (At 11:15 AM today).

Silver for May contract, at MCX, is trading at Rs. 53,774.00 per kg, up by 1.25%, after opening at Rs. 53245.00 against the previous close price of Rs. 53111.00. It touched the intra-day high of Rs. 53951.00 till the trading. (At 11:15 AM today).

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4635.00 per barrel, up by 1.56%, after opening at Rs. 4572.00 against the previous close price of Rs. 4564.00. It touched the intra-day high of Rs. 4642.00 till the trading. (At 11:16 AM today).

Copper futures declined in the domestic market on the back of following weak global cues. April future dropped as much as 0.51% to Rs. 433.10 per kg on the Multi Commodity Exchange (MCX) today as China increased the Cash Reserve Requirements last week in order to curb inflation in the country, raised concern that demand for copper will slow in China, world’s largest base metal consumer nation. 

Reserve requirements will increase half a percentage point from March 25, the People’s Bank of China said on its website on Friday. Consumer price index (CPI) surged to 4.9% in February, according to the statistics bureau.

Copper for April contract, at MCX, is trading at Rs. 433.40 per kg (down by 0.42%) after opening at Rs. 434.90 against the previous close price of Rs. 435.35 with intra-day high of Rs. 435.35 till the trading. (At 11:20 AM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 189.40 per mmBtu, up by 0.91%, after opening at Rs. 188.90 against the previous close price of Rs. 187.70 per mmBtu. It touched the intra-day high of Rs. 189.80 till the trading. (At 11:21 AM today).

On 19th March 2011 (Saturday), the domestic commodity markets closed with a positive note. All the indexes, at MCX, closed in the positive zone compared to the previous close price. At MCX future, MCXCOMDEX closed at 3,492.44 (up by 0.41%), MCXMETAL closed at 4,437.72 (up by 0.25%), MCXAGRI closed at 2,828.48 (up by 0.50%) and MCXENERGY closed at 3,228.48 (up by 0.60%).

At NCDEX, Dhaanya, An agri-commodity index, closed at 1,136.90 (up by 1.01%).

Cardamom futures closed with positive note on Saturday in the domestic market. April futures surged as much as 1.78% to Rs. 1,148.80 per kg on the Multi Commodity Exchange (MCX) on the back of pick-up in spot demand, driven by domestic and export demand. Moreover, restricted arrivals from the major producing regions also kept the prices in positive zone.

At Multi Commodity Exchange (MCX), cardamom future for April contract closed at Rs. 1,137.20 per kg, up by 0.76%, after opening at Rs. 1,134.00 against the previous close price of Rs. 1,128.60. It touched the intra-day high of Rs. 1,148.80 with a business volume of 395 lots.

The top losers at MCX were Brent Crude oil for April contract (-3.87%), Wheat for April contract (-3.0%), Wheat for July contract (-2.86%), Crude oil for July contract (-0.38%) and Sugar MKOL for June contract (-0.35%).

Thursday, March 17, 2011

Free Tips Commodity

On 16th March 2011 (Wednesday), the domestic commodity markets closed with a positive note. Most of the indexes, at MCX, closed in the positive zone compared to the previous close price except MCXENERGY. Yesterday, at MCX future, MCXCOMDEX closed at 3,413.01 (up by 0.14%), MCXMETAL closed at 4,345.05 (up by 0.44%), MCXAGRI closed at 2,775.88 (up by 0.09%) and MCXENERGY closed at 3,140.83 (down by 0.23%).

Yesterday, precious metals closed with positive note in the domestic market as speculators started to take fresh long positions at the lower price level on the back of tracking global cues. Gold for April future surged as much as 0.99% to $1,406.6 per ounce on the Commodity Exchange (COMEX) on the back of mounting violence in Bahrain and aftermath of Japan’s earthquake, boosted the demand for precious metals as a safe haven investment.

At Multi Commodity Exchange (MCX), gold future for April contract closed at Rs. 20,652.00 per 10 grams, up by 0.22%, after opening at Rs. 20,636.00 against the previous close price of Rs. 20,605.00. It touched the intra-day high of Rs. 20,734.00 with a business volume of 31,960 lots.

At COMEX, gold future for April contract closed yesterday at $1,396.1 per ounce, up by $3.3, after opening at $1,394.8 against the previous close price of $1,392.8 per ounce. It touched the intra-day high of 1,406.6 with a business volume of 248,089 lots.

Silver for May contract, at MCX, closed at Rs. 52,203.00 per kg, up by 0.22%, after opening at Rs. 52,128.00 against the previous close price of Rs. 52,084.00. It touched the intra-day high of Rs. 52,925.00 with a business volume of 103,179 lots.

Yesterday, The top gainers at MCX were Silver Micro for June contract (3.49%), Cardamom for April contract (2.73%), Silver Micro for April contract (2.72%), Lead for May contract (2.59%) and Lead M for March contract (2.23%).

The top losers at MCX were Iron ore for April contract (-15.73%), Iron ore for March contract (-11.74%), Potato for April contract (-4.0%), Potato for May contract (-4.0%) and Potato for May contract (-3.85%).

The top gainers at NCDEX were Pepper for March contract (4.0%), Pepper for April contract (4.0%), Pepper for May contract (4.0%), Pepper for July contract (4.0%) and Pepper for June contract (4.0%).

The top losers at NCDEX were Potato for August contract (-4.0%), Potato for June contract (-4.0%), Potato for May contract (-3.99%), Potato for March contract (-3.99%) and Potato for July contract (-3.99%). 

Tuesday, March 15, 2011

Commodity Mcx Tips


The top gainers at MCX are Mentha oil for March contract (2.78%), Cardamom for March contract (1.89%), Chanadel for April contract (1.63%), Guar seed for April contract (1.55%) and Cardamom for April contract (1.25%). (At 05:18 PM today).

The top losers at MCX are Potato TRWR for April contract (-4.01%), Potato TRWR for May contract (-4.01%), Potato for May contract (-4.0%), Wheat for April contract (-4.0%) and Potato for April contract (-4.0%). (At 05:17 PM today).

The top gainers at NCDEX are Barley for March contract (3.0%), Barley for April contract (2.7%), Barley for May contract (2.2%), Maize for March contract (1.8%) and Castor seed for March contract (1.3%). (At 05:15 PM today).

The top losers at NCDEX are Potato for April contract (-4.0%), Potato for May contract (-4.0%), Potato for June contract (-4.0%), Potato for July contract (-4.0%) and Potato for August contract (-4.0%). (At 05:14 PM today).

Nickel futures are trading with negative note following weaker trend on the London Metal Exchange (LME). March future dropped as much as 1.74% to Rs. 1,153.10 per kg on the Multi Commodity Exchange (MCX), while three month delivery declined 1.3% to $25,486 a metric ton on the LME due to rising concern that demand for industrial metals in Japan, Asia’s biggest buyer of base metals, may reduce as plants shutdown due to power disruption after a massive earthquake struck in the country. A new explosion has occurred today at the Fukushima Dai-Ichi nuclear plant, a sign that the situation may be getting worst. Prime Minister Naoto Kan said the risk of further radiation leaks is increasing from the nuclear power plant at Fukushima.

Nickel future for March contract, at MCX, is trading at Rs. 1,156.70 per kg, down by 1.44%, after opening at Rs. 1,167.50 against the previous close price of Rs. 1,173.60. It touched the intra-day low of Rs. 1,153.10 per kg till the trading. (At 05:12 PM today).

At Multi Commodity Exchange (MCX), copper future for April contract is trading at Rs. 413.05 per kg, down by 1.68%, after opening at Rs. 418.10 against the previous close price of Rs. 420.10. It touched the intra-day low of Rs. 411.40 per kg till the trading. (At 05:10 PM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 180.60 per mmBtu, up by 0.95%, after opening at Rs. 178.60 against the previous close price of Rs. 178.90 per mmBtu. It touched the intra-day high of Rs. 180.90 till the trading. (At 05:09 PM today).

Crude oil futures prices are trading with negative note in the domestic market following weak global cues. April futures declined 3.34% to $97.81 per barrel on the New York Mercantile Exchange (NYMEX) today as oil processing factories and power plants remained shut down after a massive earthquake struck in Japan, boosted the concern that oil demand will decline in the world’s third largest oil consuming nation. Around 29% of refinery capacity have affected due to shutdown of oil processing plants, according to the data of Petroleum Association of Japan.

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,444.00 per barrel, down by 2.20%, after opening at Rs. 4,530.00 against the previous close price of Rs. 4,544.00. It touched the intra-day low of Rs. 4,441.00 till the trading. (At 05:08 PM today).

Crude oil for April future, at NYMEX, is trading at $97.94 per barrel, down by $3.24, after opening at $101.86 against the previous close price of $101.19. It touched the intra-day low of $97.81 with a business volume of 57,256 lots till the electronic trading. (At 05:07 PM today).

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,821.00 per 10 grams, down by 0.84%, after opening at Rs. 20,945.00 against the previous close price of Rs. 20,998.00. It touched the intra-day low of Rs. 20,808.00 till the trading. (At 05:6 PM today).

At COMEX, gold future for April contract is trading at $1,407.5 per ounce, down by $17.9, after opening at $1,428.9 against the previous close price of $1,424.9 per ounce. It touched the intra-day low of 1,405.1 with a business volume of 57,864 lots till the electronic trading. (At 05:05 PM today).

Silver for May contract, at MCX, is trading at Rs. 52,876.00 per kg, down by 2.03%, after opening at Rs. 53,802.00 against the previous close price of Rs. 53,974.00. It touched the intra-day low of Rs. 52,600.00 till the trading. (At 05:04 PM today).

Tuesday, March 8, 2011

Shyamadvisory


By Shyamadvisory at Multi Commodity Exchange (MCX), copper future for April contract is trading at Rs. 428.50 per kg, down by 1.23%, after opening at Rs. 432.55 against the previous close price of Rs. 433.85. It touched the intra-day low of Rs. 425.80 per kg till trading. (At 05:14 PM today).

While, copper future for April contract, at COMEX, is trading at $4.2670 a pound, down by 1.21%, after opening at $4.3385 a pound against the previous close price of $4.3195 a pound. It touched the intra-day low of $4.2495 till the electronic trading. (At 05:13 PM today).

At Multi Commodity Exchange (MCX), nickel future for March contract is trading at Rs. 1,197.50 per kg, down by 3.62%, after opening at Rs. 1,232.20 against the previous close price of Rs. 1,242.50. It touched the intra-day low of Rs. 1,187.70 per kg till trading. While, zinc for March contract is trading at 106.40 per kg, down by 1.98%, after opening at Rs. 108.55 against the previous close price of Rs. 108.55. It touched the intra-day low of Rs. 104.85 per kg till the trading. (At 05:10 PM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 178.30 per mmBtu, up by 1.71%, after opening at Rs. 176.00 against the previous close price of Rs. 175.30 per mmBtu. It touched the intra-day high of Rs. 178.40 till the trading. (At 05:09 PM today).

Crude oil futures are trading with negative note in the domestic market as members of Organization of Shyamadvisory (SA) are holding informal discussions on possibility of boosting oil output, easing concern that oil supply may shortage due to persisting unrest in Libya.

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,762.00 per barrel, down by 0.15%, after opening at Rs. 4,752.00 against the previous close price of Rs. 4,769.00. It touched the intra-day low of Rs. 4,670.00 till the trading. (At 05:08 PM today).

Crude oil for April future, at NYMEX, is trading at $105.34 per barrel, down by 10 cents, after opening at $104.85 against the previous close price of $105.44. It touched the intra-day low of $103.33 with a business volume of 43,568 lots till the electronic trading. (At 05:07 PM today).

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 21,147.00 per 10 grams, up by 0.09%, after opening at Rs. 21,097.00 against the previous close price of Rs. 21,129.00. It touched the intra-day high of Rs. 21,175.00 till the trading. (At 05:06 PM today).

At Multi Commodity Exchange (MCX), silver future for May contract is trading at Rs. 54,460.00 per kg, up by 1.08%, after opening at Rs. 53,701.00 against the previous close price of Rs. 53,878.00 per kg. It touched the intra-day high of Rs. 54,600.00 till the trading. (At 05:04 PM today).

Gold Tips  : At upper level profit booking was very much expected in this counter and so its started its southward journey. Its approaching its 20 DEMA of 20862 where it will take support and on the back of negative global cues, again bounce back from there. Below 20650, no need to be long and be short for target of 19770. 

Copper Tips : Copper may bounce back from its current level till 454. Downside its taken strong support near 425. 

Zinc Tips : Zinc smartly recovered from its lower level and took strong support near 105. We expect that a bounce back may be seen in this counter till 110-112. 

Natural Gas Tips : NG may recover from its lower level any time. Short covering is very much expected in this counter. A pull back rally cannot ruled out for TGT of 192.

Sunday, March 6, 2011

Commodity Free Trial Tips


Currently, Domestic commodities markets are trading with positive note. All the indices are showing upward trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,529.29 (up by 0.94%), MCXMETAL is trading at 4,483.28 (up by 0.64%), MCXENERGY is trading at 3,241.51 (up by 1.64%), and MCXAGRI is trading at 2,902.75 (up by 0.35%). (At 02:55 PM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,130.72, down by 0.04% (At 02:53 AM today).

On the domestic market, Potato futures declined in the domestic market today due to weaker demand in the spot market. March contract declined by Rs. 15.0, or 2.13%, to Rs. 693.30 per 100 kgs on Multi Commodity Exchange (MCX) due to increased arrivals from the producing regions in the spot market. Moreover, sluggish demand in the spot market also kept the prices in the negative zone today.

At Multi commodity Exchange (MCX), potato future for March contract is trading at Rs. 694.40 per 100 kgs, down by 1.98%, after opening at Rs. 708.00 against the previous close price of Rs. 708.40. It touched the intra-day low of Rs. 693.30 till the trading. (At 02:52 PM today).

The top gainers at MCX are Crude oil for March contract (2.02%), Crude oil for April contract (1.97%), Crude oil for August contract (1.80%), Crude oil for May contract (1.80%) and Crude oil for June contract (1.50%). (At 02:46 PM today).

The top losers at MCX are Potato for May contract (-3.68%), Heating oil for May contract (-3.13%), Potato for April contract (-3.00%), Potato TRWR for May contract (-2.99%) and Iron ore for April contract (-2.84%). (At 02:45 PM today).

The top gainers at NCDEX are Light sweet crude oil for March contract (2.00%), Refined soya oil for May contract (1.2%), Refined soya oil for June contract (1.2%), Turmeric for April contract (1.2%) and Copper cathode for April contract (1.00%). (At 02:42 PM today).

The top losers at NCDEX are Potato for April contract (-4.00%), Potato for May contract (-3.3%), Potato for July contract (-4.00%), Potato for August contract (-4.00%) and Potato for September contract (-4.00%). (At 02:41 PM today).

As a result of restricted arrivals from major producing region, refined soya oil futures surged in the domestic market today. March future rose as much as 0.83% to Rs. 637.55 per 10 kg on the Multi Commodity Exchange (MCX) due to supply concern, and pick-up in spot demand due to marriage season.

At Multi Commodity Exchange (MCX), refined soya oil for March contract is trading at Rs. 636.65 per 10 kg, up by 0.69%, after opening at Rs. 634.10 against the previous close price of Rs. 632.30. It touched the intra-day high of 637.55 till the trading. (At 02:38 PM today).

Copper for April contract, at MCX, is trading at Rs. 453.10 per kg (up by 0.96%) after opening at Rs. 449.80 against the previous close price of Rs. 448.80 with intra-day high of Rs. 453.15 till the trading. (At 02:37 PM today).

At Multi Commodity Exchange (MCX), nickel future for March contract is trading at Rs. 1,311.00 per kg, up by 0.99%, after opening at Rs. 1,301.00 against the previous close price of Rs. 1,298.50 per kg. It touched the intra-day high of Rs. 1,312.00 till the trading. (At 02:35 PM today).

Crude oil futures prices advanced today, after falling 1.17% in previous session, in the domestic market due to tracking firm global cues. March future surged by Rs. 105, or 2.31%, to Rs. 4,650.00 per barrel on the Multi Commodity Exchange (MCX) as speculators started to take fresh long position in hoping that political tensions may spread to Iran and Oman, boosting concern of oil supply disruption.

Crude oil for April contract climbed as much as 1.09% to $103.03 per barrel in the New York today as turmoil in Libya renewed after opposition leaders in Libya rejected a mediation offer by Venezuelan President Hugo Chavez and prepared to push toward Qaddafi’s stronghold. On Thursday, crude oil dropped 32 cents to $101.91.4 per ounce after Libya received mediation Offer from Venezuela in order to resolve the political tensions in the country.

Moreover, signs of U.S. economic recovery also boosted the demand outlook for oil in the country, as the Department of Labor showed yesterday that U.S. initial jobless claims fell substantial by 23,000 to 368,000 in the week ended February 26, 2011 as compared to previous figure of 391,000.

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,635.00 per barrel, up by 1.98%, after opening at Rs. 4,543.00 against the previous close price of Rs. 4,545.00. It touched the intra-day high of Rs. 4,650.00 till the trading. (At 02:33 PM today).

Crude oil for April future, at NYMEX, is trading at $102.77 per barrel, up by 86 cents, after opening at $101.70 against the previous close price of $101.91. It touched the intra-day high of $103.03 with a business volume of 15,477 lots till the electronic trading. (At 02:30 PM today).

Gold futures are trading with positive note, after falling 1.38% in the previous session, in the domestic market today as unrest in the Middle East boosted the demand for precious metal as a protection of wealth. Opposition leaders in Libya rejected a mediation offer by Venezuelan President Hugo Chavez and prepared to push toward Qaddafi’s stronghold, boosting concern of spreading political tensions in other part of Middle East.

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,892.00 per 10 grams, up by 0.16%, after opening at Rs. 20,875.00 against the previous close price of Rs. 20,858.00. It touched the intra-day high of Rs. 20,918.00 till the trading. (At 02:29 PM today).

At COMEX, gold future for April contract is trading at $1,418.3 per ounce, up by $1.9, after opening at $1,415.7 against the previous close price of $1,416.4 per ounce. It touched the intra-day high of 1,420.3 with a business volume of 17,015 lots till the electronic trading. (At 02:27 PM today).

At Multi Commodity Exchange (MCX), silver future for March contract is trading at Rs. 50,600.00 per kg, up by 0.68%, after opening at Rs. 50,477.00 against the previous close price of Rs. 50,258.00 per kg. It touched the intra-day high of Rs. 50,600.00 till the trading. (At 02:26 PM today).

On the international front, European Central Bank (ECB) President Trichet said yesterday that the ECB may increase interest rate in April in order to control rising inflation pressures in the country. While, Federal Reserve Bank’s Chairman Ben has indicated the he will maintain the previous measures to finish $600 billion of Treasury purchase through June.

Thursday, March 3, 2011

Best Trading Tips For Commodity


Currently, Domestic commodities markets are trading with positive note. All the indices are showing upward trend on Multi Commodity Exchange (commodity). At commodity futures, commodity comdex is trading at 3,531.61 (up by 0.30%), commmodity metal is trading at 4,495.85 (up by 0.17%),  commodity energy  is trading at 3,240.48 (up by 0.47%), and commodity agri is trading at 2,892.79 (up by 0.23%). (At 11:28 AM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,146.78, down by 0.08% (At 11:26 AM today).

On the domestic market, gold futures are trading with steady note from their record high today on the back of tracking weak global cues. April future fell as much as 0.41% to $1,431.8 per ounce on the COMEX today as investors are watching for indications of tightening the monetary policy at European Central Bank (ECB) meeting later in the day. However, spreading political tensions in Middle East and North Africa nations remained bullish factor for the precious metal.

At Multi Commodity Exchange (commodity), gold future for April contract is trading with flat note at Rs. 21,159.00 per 10 grams, up by 0.03%, after opening at Rs. 21,111.00 against the previous close price of Rs. 21,152.00. It touched the intra-day low of Rs. 21,051.00 till the trading. (At 11:25 AM today).

At COMEX, gold future for April contract is trading at $1,436.0 per ounce, down by $1.7, after opening at $1,436.5 against the previous close price of $1,437.7 per ounce. It touched the intra-day low of 1,431.8 with a business volume of 5,999 lots till the electronic trading. (At 11:24 AM today).

At Multi Commodity Exchange (commodity), silver future for March contract is trading at Rs. 51,225.00 per kg, up by 0.39%, after opening at Rs. 50,651.00 against the previous close price of Rs. 51,026.00 per kg. It touched the intra-day high of Rs. 51,445.00 till the trading. (At 11:22 AM today).

The top gainers at MCX are Potato TRWR for April contract (1.83%), CPO for May contract (1.62%), CPO for April contract (1.53%), CPO for March contract (1.53%) and Lead for May contract (1.38%). (At 11:21 AM today).

The top losers at MCX are Iron ore for March contract (-3.83%), Iron ore for April contract (-3.35%), Cardamom for March contract (-2.21%), Cardamom for April contract (-2.14%) and Cardamom for May contract (-1.55%). (At 11:19 AM today).

The top gainers at NCDEX are Light sweet crude oil for April contract (1.6%), Pepper for May contract (1.6%), Pepper for June contract (1.6%), Pepper for July contract (1.6%) and Pepper for April contract (1.5%). (At 11:16 AM today).

The top losers at NCDEX are Potato for July contract (-3.00%), Jeera for March contract (-2.4%), Jeera for April contract (-2.4%), Jeera for May contract (-2.4%) and Castor seed for May contract (-2.1%). (At 11:14 AM today).

Mentha oil futures dropped today as much as 0.52% to Rs. 1,140.10 per kg on Multi Commodity Exchange (MCX). It declined in the domestic market due to profits booking by the speculators at existing levels with weakening in spot demand. Moreover, an increased arrival from the major producing regions also put a downward pressure on menthe oil prices.

At Multi Commodity Exchange (MCX), mentha oil future for March contract is trading at Rs. 1,144.20 per kg, down by 0.20%, after opening at Rs. 1,146.90 against the previous close price of Rs. 1,146.50. It touched the intra-day low of Rs. 1,140.10 till the trading. (At 11:10 AM today).


Copper for April contract, at MCX, is trading at Rs. 450.95 per kg (up by 0.37%) after opening at Rs. 449.10 against the previous close price of Rs. 449.30 with intra-day high of Rs. 451.65 till the trading. (At 11:08 AM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 172.60 per mmBtu, down by 0.35%, after opening at Rs. 173.20 against the previous close price of Rs. 173.20 per mmBtu. It touched the intra-day low of Rs. 172.30 till the trading. (At 11:07 AM today).

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,633.00 per barrel, up by 1.16%, after opening at Rs. 4,584.00 against the previous close price of Rs. 4,581.00. It touched the intra-day high of Rs. 4,635.00 till the trading. (At 11:02 AM today).

At NYMEX, crude oil future for April contract is trading at $102.45 per barrel, up by 22 cents, after opening at $102.39 against the previous close price of $102.23 per barrel. It touched the intra-day high of $102.94 with a business volume of 7,680 lots till the electronic trading. (At 11:00 AM today).