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.

You can subscribe here to get mcx tips free trial on mobile by sms...

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 .