MCX Tips Today
Gold Trend Today :- Today Gold has again set a new record. MCX Gold is reaching new record levels of Rs. 31 494 per 10 grams. In Spot Market Gold price has gone beyond Rs 31 850. COMEX Gold reached to level of $ 1,698/Oz which is the highest level in 6 months. However today Gold business is seems sluggish due to weakening of Euro against the Dollar. Also on Tuesday U.S. Economic figures was even worse that create pressure on Gold. In August U.S. manufacturing figures are the lowest in 3 years.
MCX Gold Tips :- Gold October futures Sell – 31550, target - 31 380, stoploss - 31 640.
Silver is approaching record levels of 7 months. Although currently silver booming is stopped because strong Dollar. MCX silver is trading at Rs 60 475 with decline of 0.2%.
MCX Silver Tips Today :- Silver December futures Sell - 62 180, stoploss – 62500, target – 61500.
Crude Oil Trend Today :- Crude Oil is to get pressure due to weak manufacturing data coming from the world. NYMEX and MCX Crude oil both are slow business. Due to Hurricane Isaac, U.S. has stalled oil production of 710,000 barrels a day. Currently MCX crude oil with 0.25% jumped is trading at Rs 5330.
Crude Oil Tips :- MCX Crude oil September futures Sell – 5355, target – 5255, stoploss – 5403.
Copper Tips MCX Today :- MCX Copper seems fluctuation. Even in MCX base metals have gained 0.1-0.5%. Copper November Futures Buy - 432, stoploss - 434 and the target – 428. MCX Tips Free Trial
Crude Oil Trend Today :- Crude Oil decline today. International and domestic crude oil is trading down about 0.5% however Brent crude least declined. U.S. GDP Numbers will be released today. This Data can be clear fairly picture of Qi -3. While due to increase supply Crude oil prices are projected on pressure.
MCX Crude Oil Tips :- Crude oil September futures Sell - 5355, stoploss – 5380, target – 5315.
Bullion Trend :- Gold and Silver movement has stopped before meeting of Federal Reserve. MCX Gold and Silver trading are extremely sluggish today. Currently MCX gold with marginal gains is trading at Rs 30 965 while silver is trading at Rs 57 700 with gain of 0.15%.
Gold Silver Tips MCX Today
Gold October Futures Buy - 30900, target - 31 050, stoploss - 30 820.
Silver September Futures Buy - 57 500, stoploss - 57 200 target – 58000.
MCX base metals declined. Copper prices are down 0.5%. London Metal Exchange (LME) Copper on selling pressure. MCX Copper is trading below Rs 423 besides Aluminum, Nickel, Lead and Zinc decline from 0.3 to 0.6%.
Base Metals Copper and Nickel Tips
Copper August Futures Buy - 425, target – 420, stoploss – 427.
Nickel August Futures Buy - 903, stoploss – 912, target – 879.
Special margin of 25% on MCX Cardamom futures has been removed. Today Cardamom gained nearly 0.5% and Cardamom prices has come to Rs 940. NCDEX Wheat futures sharp decline today. NCDEX wheat price has dropped to around 3%.
NCDEX Commodity Tips for Today
Cardamom September Futures Buy - 940, target – 975, stoploss - 920.
Wheat September futures Sell - 1580, stoploss – 1605, target – 1540.
Commodity Trend Today
MCX Gold price reached a new high of Rs 30,700. domestic market Gold prices also got support of boom in International market. Federal Reserve indicated to come QI -3 in U.S. Chinese Central Bank Governor also made it clear that changes in interest rates and Bank Reserve Requirements are still considerable scope such as crude oil and base metals have accelerated.
Crude oil has also risen. On MCX, crude oil prices have gone beyond Rs 5,400. Brent crude on the ICE Naimaks $ 98 on crude oil is trading above $ 115. Mainly from decreases in crude oil reserves in the U.S. has grown rapidly.
Base Metals has gained momentum beacuse of Estimates of stimulus and Dollar weakness. MCX Copper including all metals are trading up nearly 0.5%. London Metal Exchange (LME) Copper price rose nearly 1 % and it has gone beyond $ 7650.
MCX Commodity Tips Today
Gold October Futures Buy - 30 510, stoploss - 30 380, target - 30 740.
Silver September futures Buy - 56100, target – 56800, stoploss - 55 700.
Crude oil September futures Buy - 5390, stoploss - 5356 target – 5450.
Copper August futures Buy - 5390, target – 5450 stoploss – 5356.
MCX gold price reaches record level of Rs. 30 440 while demand has decreased. Investors are going to make the distance in Gold investment due to high price fluctuation. Even though gold price is rising rather than falling.
MCX gold price reaches record level of Rs. 30 440 while demand has decreased.
Crude Oil Trend Today
Crude oil has been selling in upper level. International Market crude oil is trading down about 0.5% due to projected demand decreases at high prices. Domestic market Crude move is sluggish today. MCX crude oil is trading close to Rs 5,300.
MCX Crude Oil prices is on pressure due to strengthening of Rupee against Dollar. While Europe, America and China does not show any improvement in economic conditions yet crude oil has reached the upper of 3 months.
While Natural Gas has declined by nearly 1%. The catch is that this is also Energy sector but the trick is quite different from crude oil. Currently MCX Natural gas is trading at Rs 152.50.
MCX Energy Tips Crude and Natural Gas Today
Crude oil August futures Buy - 5265, stoploss - 5230, target – 5315-5340
Natural Gas August futures Sell - 155, target – 151-150, stoploss – 158.
MCX Gold Silver Tips :- Gold price up to Rs 30,000 while Silver is trading weak today.
Gold October futures Buy - 30 070, stoploss - 29 985, target - 30,175 – 30,225.
Silver September futures Sell - 53,780, target - 53,300 – 53,050, stoploss - 54 100.
London Metal Exchange (LME) Copper have seen some decline today but MCX Copper remains strong. However MCX Copper turnover is extremely slow. per cent MCX Copper with 0.3% up is trading at Rs 416.10. Aluminum business is slow.
MCX Base Metals Tips
Copper August futures Buy - 416, stoploss – 412, target – 418 – 420.
Nickel August futures Buy - 862, target – 875-880, stoploss – 857.
Zinc August futures Buy – 100.30, stoploss – 99.40, target - 101.50 to 102.
Lead August futures Buy - 103.45, target - 104.50 – 105 , stoploss - 102.50.
Aluminum August futures Buy - 101.90, stoploss - 101, target – 103 -103.50.
NCDEX Tips Today :- NCDEX August futures is expiry today. Chana, Mustard and Soybeans are very volatile. Chana September futures has crossed Rs. 5000. While Sugar has seen August futures decline.
Chana September futures Buy - 4965, target – 5020, stoploss – 4935.
Mustard September futures Buy - 4425, target – 4490, stoploss – 4390.