Commodity Market Trend Today :- Due to strong Rupee MCX crude oil including Gold, Silver and Base Metals are seeing declines. Imports Agri commodities price also have dropped. Rupee have gained against Dollar and its impact on commodity markets have had. international market crude oil prices up while MCX Crude oil is traded on decline. MCX crude oil is trading at Rs 4885 with slight decline. MCX Natural gas doing business with slipped 0.25% to Rs 174.50. MCX gold price has also come down Rs 31300 because of strongly Rupee. Currently MCX gold is trading at Rs 31 280 with decline of 0.25 %. Silver is trading flat around Rs 63 050.
Rupee's effect is clear visible on Base Metals but now shopping is seeing lower at levels. Nickel, Lead and Zinc have been gained However Copper is trading at Rs 439.70 with decline of 0.1%. Aluminum was down 0.3%.
NCDEX chana is seeing very slight weakness. Barley is down 1.5%. Corn declined by 0.2%. Soybeans dropped 0.5% and has come down to Rs 3,250.
Gold Silver Tips Today
Gold October Futures Buy - 31,240, stoploss - 31 150, target – 31380 – 31450.
Silver December futures Buy – 62,900, target – 63350 – 63600, stoploss – 62500.
Energy Crude Oil and Natural Gas Call
Crude oil October Futures Buy - 4874, stoploss - 4840 and target – 4910 – 4935.
Natural Gas October Futures Buy - 17.35, stoploss - 434.90 and target – 176/178.
Today's MCX Base Metals Tips
Copper Nov Futures Buy - 437.50, target – 441 – 443, stoploss - 31 150.
Nickel October Futures Buy - 970, stoploss - 956 and the target – 988 - 995
Zinc October Futures Buy - 110, stoploss - 109 and target – 111 - 111.80
Lead October Futures Buy - 120.10 to 120.20, target – 121.20 – 122, stoploss – 119.
Aluminum October Futures Buy -110.70 and target – 111.70 – 112.60.
Energy Crude Oil and NG Tips Today :- Crude Oil decline today. U.S. Energy Department report is going to come today. U.S. Crude Oil reserves is projected to grow. NYMEX Crude Oil prices slipped below $ 91 due to supplies are projected to grow. MCX crude oil is trading at Rs 4,880 with decline of 0.3%.
Crude oil October futures Sell - 4910, stoploss – 4950, and target – 4840.
Natural Gas October Futures Buy – 167, target – 171, stoploss – 164.
Gold Silver Tips Today :- Gold and Silver trading is sluggish today. However MCX gold is trading at Rs 31 485 with gain of 0.25%. while silver is trading at Rs 62 525 with 0.3% up.
Gold October Futures Buy - 31 450, stoploss - 31 250 and target - 31 700
Silver December futures Buy - 62400, and target -62 900, stoploss – 62000.
Base Metals Tips :- Base Metals Copper declined today while other metals business is dull. International Market decline effect is showing on Domestic Base metals prices. London Metal Exchange (LME) copper price has broken 1% due to estimate to decrease demand.
Copper Nov Futures Buy - 443, stoploss - 440 and the target - 447
Nickel September Futures Buy - 972, and the target – 998, stoploss – 962.
Lead September Futures Buy - 122.50 stoploss - 121 and target - 124.50
Zinc September Futures Buy - 111.50 stoploss – 110, target - 113.50
Aluminum September Futures Buy - 110.50 stoploss – 109.50, target – 113.40.
NCDEX Sugar Trend :- Sugar Sugar is becoming more pressing. Next month will begin new season of sugar in Country. International Sugar Organisation (ISO) is expected to record production of Sugar in world this year. Accourding ISO world's largest Sugar Import country in China and Australia may increase sugar production this year. As well as Brazil Sugar production is expected to grow. Currently NCDEX sugar is trading at Rs 3,530 with 0.5% down.
NCDEX Commodity Tips today :- NCDEX Soya oil prices have dropped 1.5% and price is around Rs 700. MCX Crude palm oil prices fell nearly 1% and is trading at Rs 463. NCDEX Mustard nearly 1% weak and is trading at Rs 3,950.
Soyatel October futures Sell - 703, stoploss - 706 and the target – 695.
Mustard October futures Sell - 3950, target – 3900, stoploss – 3970. MCX NCDEX Tips Free Trial
Crude Oil Trend Today :- Crude Oil is heavy volatility today. Crude Oil is showing 1% up despite of Rupee strong. International market Crude oil prices is up just 0.5%. U.S. Energy Department reported upcoming on Wednesday that where crude oil reserves will expected to increase.
Crude Oil Recommendation :- Crude oil October futures Sell - 4935, stoploss - 4955 and target – 4890.
Bullion Tips Today :- MCX gold with marginal gains of 0.1% is trading at Rs 31 470. Silver gained 0.4% and price has risen to Rs 62 640.
Gold December futures Sell - 31,840, target – 31750 - 31690, stoploss - 31 930.
Silver December futures Sell - 62,880, stoploss – 63150, target – 62500 – 62300.
Mentha oil has accelerated. MCX Mentha oil prices have once again gone beyond Rs 1,200. Mentha September futures expiry on This week. NCDEX Castor seed with with 3% jumped is reached to Rs 3,500.
Base Metals Zinc Tips :- MCX Base metals recorded 0.25 to 1% jumped. Copper has gained 0.4% and nickel 1%. Zinc September futures Sell - 110.50 stoploss - 111.5 and target – 107.5.
There is sharp decline in wheat futures Today. In Delhi, Uttar Pradesh, Gujarat and Madhya Pradesh markets today wheat prices have declined, while in Rajasthan has gained around 20 bucks. In government warehouses still more than 45 million tonnes of wheat stocks. Currently NCDEX wheat with decline of 2.3 % is trading at Rs 1,460. Soybeans dropped 1 % and has come down to Rs 3,400.
NCDEX Agri Commodity Tips
Cotton April futures Buy - 905, stoploss - 865 and target - 975
Castor Seed October Futures Buy - 3400, target – 3600, stoploss – 3300.
MCX Gold Silver Tips for Today
MCX gold is trading at Rs 31 320 with decline of 0.6%. While silver dropped 1.7% to Rs 62 200. MCX base metals decline 0.5 to 0.8% but nickel is trading flat.
Gold October futures Sell - 31 430, stoploss – 31550, target - 31200
Silver December futures Sell - 62 800, target - 61 800, stoploss - 63 300.
Crude Oil Updates :- Crude Oil decline today. NYMEX Crude Oil prices has fallen to $ 92. Brent crude also dominates selling therefore MCX Crude has had an impact. MCX crude oil declined by 1%. MCX crude oil is around Rs 4,900.
Agri NCDEX :- Chana sharp decline. However in early trading Chana was broken of Rs 100 per. It is currently trading down about 1.5%. Good rains in Chana cultivation areas like Rajasthan, Madhya Pradesh and Uttar Pradesh that is projected to grow Chana.
Crude Oil Trend :- Crude Oil is sharp decline today. MCX crude oil prices have come down to Rs 5,000. International Market Crude is trading down about 1% due to U.S. crude oil stocks surge. Meanwhile Saudi Arabia has prompted significant step to drop in crude oil prices it is also impacted sentiment. Currently MCX crude oil is trading at Rs 4990 with decline of 0.5%.
Base Metals TrendToday :- Base Metals also sharp decline. MCX Copper prices have dropped more than 1%. London Metal Exchange Copper was down 1% to $ 8,300. Due to not improve Manufacciring data from China, Metals prices has increased pressure. MCX Copper is currently trading at Rs 453.
MCX Lead Tips Today :- Lead September futures Sell - 122.50 stoploss – 124, target – 120.
There is pressure on gold and silver prices . In international market gold price has come down from height of 6 months. Despite of weak Rupee selling pressure dominate to gold and silver. MCX gold with 0.25% weakness has come down to Rs 32,000.
Silver Tips today :- Silver (December futures): Sell - 63900, stoploss - 64 600 and the target - 62 900
NCDEX Soybean is broken today. U.S. Soybean prices also falling. Currently NCDEX Soybean down 0.5% to Rs 3,550.
Mentha oil is sharp decline. MCX Mentha oil prices have declined 3%. Mentha oil prices has been steadily declining due to demand declining and increased production.
MCX Mentha Oil Advice :- Mentha Oil September futures Sell - 1217, stoploss - 1235 , target – 1192.