Free Commodity Trading Tips

Currently commodities markets in India are trading with a mixed trend. At MCX future, 2 out of 4 indexes are showing an upward trend. At MCX futures, MCXCOMDEX is trading at 3,363.92, up by 0.02% and MCXMETAL is trading at 4,282.67, up by 0.13% while MCXENERGY is trading at 2,993.69, down by 0.02% and MCXAGRI is currently trading at 2,939.68, down by 0.19% (At 11:32 A.M today)

At NCDEX, the Dhaanya, an agri commodity benchmark index, is currently trading at 1,163.97, up by 0.29%. (At 11:39:53 A.M today)

Silver (MCX-Mar'11): After Bernanke statement Silver also moved up and crossed its strong resistance of 44200. Upside it may move till 44700. Downside it may take strong support at 44900. 

MAR: - This counter yesterday again took same support around 43000, as well as its cross level of 43800. As we wrote once its cross that level, you can keep buying now still up move looks continues till 44500. Today it will face resistance 44500-44700 & support 43800. For more and clear information join our paid newsletter.           

For Copper Feb: - This counter yesterday shown good up move as well as its continues took support around 456.7 as we mention. Now today keep your eyes on level of 456, if it breaks this level, you can keep shorts and if it cross level of 460.5, you can keep buying. Today it will face resistance 460.5-463 & support 456-453. For more and clear information join our paid newsletter.

Copper (MCX-Feb'11): Still more upside rooms are available for this metal but at the same time some profit booking is also expected. Next 7 days Chinese market will be closed so a consolidation can be seen in this counter. It may come down till 452.80 but that will be buying opportunity for next target of 472.Trading levels for clients only. Below 448 it may fall till 443.

Crude (MCX-Jan'11): Crude again started its downward journey. It may take strong support near 4080 below which it may fall till 3900.