MCX Gold is being witnessed fluctuation. Gold is currently trading at Rs 29 275. Silver fell 0.3% and price is around Rs 52 600. MCX crude oil remains flat and price is under Rs 4,800. MCX base metals declined by 0.25%.
MCX Silver and Copper Tips today
Silver September Futures Buy - 52 400, Stoploss - 52 180, Target – 53400.
Copper August Futures Buy – 422, Target – 430, Stoploss – 418.
NCDEX Agri Commodity look at the effect of Poor monsoon. NCDEX Barley is trading below Rs 1,500 with 2% down. Chana have gone up by 1% and prices have risen to Rs 4680. NCDEX Corn jumped 2.5% and price is reached to Rs 1,470. Mustard also has 2.3 % faster and the price is reached to Rs 4,300. Potato is trading at Rs 1,160 with strength of 3%. Soybean with up by 3.5% is reached to Rs 4,600.
NCDEX Commodity Tips
Sugar August Futures Buy - 3240, Stoploss – 3115, Target – 3290.
Mustard August Futures Buy - 4350, Stoploss – 4320, Target – 4400.
Gold and silver remains lethargy. Bullion commodity trading is slow today. Although international market gold and silver are showing some strength back.
MCX Bullion Recommendation
Gold August Futures Buy - 29,210, Stoploss -29 110, Target - 29,340 – 29,430.
Silver September Futures Buy above Rs -52 900, Stoploss -52 650, Target - 53,350 - 53,550.
Crude Oil Trend Today :- MCX Crude Oil has seen fast despite of Rupee strength against the Dollar. However International crude oil remains on selling pressure. While in China second quarter GDP figures have gone below the level of the last 3 years. As well as Europe and America are also showing no signs of improvement.
MCX Crude Oil Tips :- Crude Oil July Futures Buy above - 4 780, Stoploss - 4 750, Targets - -4835 to 4860.
MCX Base Metals Tips :- All MCX Metals are trading with decline. LME Copper has been strong by half percent.
Copper August Futures, Buy - 422.70, Stoploss - 419, Target – 426 – 428.
Zinc July Futures, Buy above - 103.30, Target - 104.50 – 104.30, Stoploss - 102.40.
Lead July Futures, Buy -104, Stoploss – 103.40, Target -105.50 – 106.20.
Aluminum July Futures, Buy above -104.30, Target – 105.50 – 106.20, Stoploss – 103.50.
Nickel August Futures, Buy above - 890, Stoploss – 878, Target – 905 – 918.
NCDEX Commodity Updates :- Cotton cake and Maize is looking much higher volatility. Corn Futures is still bouncing around 3%. Barley and Cotton have gone up 1-1.5%. Last 10 days business their prices have seen rise 15-25%.
Gold and Silver still remains pressure situations. However Domestic Market declined slightly lower than International Market. MCX Gold is trading at Rs 29 257 with slight declines, while silver is 0.30% fall to Rs 52 600.
MCX Silver Tips :- Silver September Futures Sell - 52 700, Stoploss - 53 000, Target -52 200.
Crude Oil Trend Today :- Crude oil continues to decline. MCX Crude Oil is sluggish and trading at Rs 4771. United States crude oil stocks fall on Wednesday therefore it has seen sharply but worries of bad economic situation in Europe Crude Oil is seen selling pressure. Currently international market crude oil is trading with 0.5% decline.
NCDEX Updates :- NCDEX new wheat November and December futures are trading with 1% decline. Cotton Cake December futures 1% , Mustard November futures 1%, and Refined soy oil November futures 1% has been decline.
Crude Oil Trend Today :- United States has reduced its crude oil outlook. U.S. Energy Department said crude oil average price could be around $ 92 this year. China has already decrease crude oil reserves. These are signs of crude oil is likely to see weakness demand in coming days. MCX Crude Oil continues to decline. MCX Crude Oil is trading with 1.20% down and prices are currently around Rs 4696. NYMEX crude oil with strength of about % is trading at 84 dollars a barrel. Crude Oil July Futures Sell Rs -4 710, Stoploss - 4 760, Target - 4 615.
MCX Gold with 0.62% decline is trading at Rs 29 246. Silver dropped 0.30% to Rs 52 512. International Market gold slight decline while silver has seen slight edge.
MCX Bullion Tips
Gold August Futures Sell -29 300, Target -29 120, Stoploss -29 400.
Silver September Futures Sell -52 600, Stoploss - 52 800, Target - 52 100.
MCX Base Metals is trading with weakness. MCX Copper price with half per cent down is below critical level at Rs 420. Aluminum, Lead and Zinc is weak about 0.5%.
MCX Base Metals Tips
Copper August Futures Sell - 419, Target – 414, Stoploss - 422.
Zinc July Futures Sell -102.50, Stoploss -103.30, Target -101.60.
Lead July Futures Sell -104, Target -102.5, Stoploss – 105.
Nickel July Futures Sell - 900, Stoploss – 908, Target - 885.
NCDEX Sugar August Futures business is around 1% decline. Selling pressure is seen on Sugar After in Futures market price gone up Rs 3,100. Soybean seen selling pressure after record being of last days of sharp up. Due to weakness in Rupee, Chana Futures has slipped half per cent.
NCDEX Commodity Tips
Sugar August Futures Buy at – 3075, Stoploss -3 040, Target - 3 110.
Soybean August Futures Sell -4330, Target - 4 280, Stoploss -4 370.
Chana August Futures Buy at 4320, Stoploss -4 560, Target - 4.700. MCX Tips Free Trial
Gold Silver Trend :- Gold and silver booming seems to rein. Gold Silver prices have been range bound. Mcx Gold with decline by 0.30% is trading at Rs 29 574 while Silver has broken half per cent. Although in Domestic Market Gold ETF holdings have come down substantially. Investors withdrew record Rs 230 crore in June. Therefore Gold ETF holdings have been decrease around 25%. However in worldwide market recession is meltdown. Despite this investors in Gold trend is going down.
MCX Gold Silver Tips for Today :- Gold Sell - 29 580, Stoploss - 29 680, Target - 29 450. Silver Sell - 53 280, Stoploss - 53 400, Target -52 900.
Crude Oil Trend Today :- Crude oil has strong declined today. MCX Crude Oil prices have plummeted more than 1% and price slipped from Rs 4,800 to Rs 4,750. while international market crude oil prices has broken down and price has come down 1-2%. Due to strike ended in Norway oil companies, Brent crude have declined most. China is going to released trade data today Which will impact on crude oil prices.
MCX Crude Oil Tips for Today 10 July 12 :- Crude oil Sell below – 4730, Targets - 4680 – 4620, Stoploss - 4 780.
Base metals seen are in pressure situations. MCX Metals are trading with red mark. Aluminum, Copper, Nickel and Lead have been broken up 0.30%. As well as LME Copper business is down.
MCX Copper Tips :- Copper Sell below Rs -423, Target - 418, Stoploss – 425.50.
NCDEX Commodity Trend :- NCDEX Turmeric has been served 4% upper circuit on second day of the week. Turmeric August futures have price risen beyond Rs 4,800. In the past 1 month Turmeric prices have been recorded rise to 35%. As well as Soyabean price have new record over the price Rs 4,300. However domestic soybean planting has begun and monsoon has reached almost all over the country.