Today's Commodity Tips For Gold Copper Silver 27 Apr 2012

Our "Commodity Tips" Experts suggests to buy copper contract on the MCX suggests buying at around Rs 427.78-428.78 per kilogram levels on the MCX Copper with a stop loss to be placed at around Rs 422.45 per kilogram and the targets in the range of Rs 434.78-435.47 per kilogram levels.

MCX Silver has a major support at Rs 55,258 per kilogram and if prices are able to break these levels after this a sharp correction can be seen till Rs 53,210 per kilogram and recommends Rs 55,741.3-55,900 per kilogram levels as for sell having stop loss to be placed at 56,300 per kilogram for the downside target of Rs 55,231 per kilogram and below that Rs 54,600 per kilogram in next two days.

MCX Crude Oil trade in the range of Rs 5,462.78-5,540 per barrel and high strong resistance near the Rs 5,521 per barrel mark. Hence traders can go short for this commodity at current levels and rally to Rs 5,521 per barrel with stop loss above Rs 5,537 per barrel for a downward target objective of Rs 5,444-5,400 per barrel.

MCX Gold prices have inched higher in lines and the prices are having strong resistance around psychological Rs 29,027 per 10 grams levels and suggest for buy gold on moves above Rs 29,214 per 10 grams with a stop loss of Rs 28,828 per 10 grams and a target of Rs 29,501per 10 grams.

For Natural Gas only check above 111.45 sharp move and made a high 121.48 Time is for to change the trend and above 111.45 no need to sell.

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Commodity Tips Outlook For Today 20 Apr

Our MCX Commodity Report on Gold, Silver, Copper, Nickel, Lead , Copper and Crude.

MCX Gold prices are expected to trade within a range from 28710 to 28485, Sell on rise around 28550, 28910 with a stop loss above 2879650.The Oscillators are in positive territory.

MCX Silver prices are probable to trade within a broad range from 56710 to 55410, buy on dips around 55910 with a stop loss below 56300. Oscillators are in negative territory.

MCX Nickel prices are witnessing support on lower end around 914.67 -916.78 and resistance at 938.71 -939.46, prices are likely to trade within the range. Oscillators are heading up.
Lead prices are expected to trade within the range from 105.10 to 108.20. Oscillators are heading up.

MCX Crude Oil prices are expected to hold the support at 5410, with oscillators likely to head up. Maintain a stop loss below 5271 and prices are expected to test 5435 on higher end.

MCX COPPER in the last few weeks, after in front of a tremendous resistance at 454.78 and not able to cross, it finally broke down strong support level 429.43 and made a low of 411. Trend decider of this week – 420.78 and key level 434.78.

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Live Commodity Tips For 28 March 2012

MCX Crude Oil
Crude oil can trade with mixed bias. Crude Oil prices can trade in range of 5469-5601.

MCX Gold
Gold futures may continue its upside momentum and can test 28610 and Silver 58750 in near term but a little profit booking at higher level cannot be denied.The base metals may trade with positive bias with few profit booking at higher levels in Copper can be seen.

MCX Copper
Copper may trade in range of 437.45-446.58 while Lead may trade in range of 103.25-105.89

Nickel
MCX Nickel for today's session market is looking to take support at 928, a break below might see a test of 921.5 and anywhere as resistance is now likely to be seen at 943.4, a move above could see prices testing 950.48.

Zinc
For today's session market is looking to take support at 103.43, a break below could see a test of 102.7 and where as resistance is now likely to be seen at 104.3, a move above could see prices testing 105.7.

Silver
Technically, now market is trading in the range as RSI for 18days is currently indicating 49.58, where as 50DMA is at 58488 and Silver is trading below the same and getting support at 57304 and below could see a test of 56587 level, And resistance is now likely to be seen at 58944, a move above could see prices testing 58987.
Trading Ideas:
Silver trading range for the day is 56817-58987.

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Currently, Domestic commodities markets are trading with positive note. Most of the indices are showing upward trend on Multi Commodity Exchange (MCX) except MCXAGRI. At MCX futures, MCXCOMDEX is trading at 3,523.86 (up by 0.90%), MCXENERGY is trading at 3,279.45 (up by 1.58%), MCXMETAL is trading at 4,476.29 (up by 0.87%), and MCXAGRI is trading at 2,812.60 (down by 0.56%). (At 05:25 PM today).

On the domestic front, precious metals are trading with positive note on the back of following firm global cues. Gold for April future surged as much as 0.81% to Rs. 21,017.00 per 10 grams, while silver for May contract advanced as much as 1.82% to Rs. 54,080.00 per kg on the Multi Commodity Exchange (MCX) due to mounting violence in Libya after the U.S, U.K., Italy and France’ forces launched a military campaign against the Muammar Qaddafi’s air force, boosted the demand for precious metals as a protection of wealth. While, investors are also monitoring the unfolding nuclear crisis in Japan.

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 21,009.00 per 10 grams, up by 0.77%, after opening at Rs. 20,879.00 against the previous close price of Rs. 20,848.00. It touched the intra-day high of Rs. 21,017.00 till the trading. (At 05:19 PM today).

At COMEX, gold future for April contract is trading at $1,431.0 per ounce, up by $14.9, after opening at $1,424.2 against the previous close price of $1,416.1. It touched the intra-day high of $1,432.0 with a business volume of 27,380 lots till the electronic trading. (At 05:18 PM today).

Silver for May contract, at MCX, is trading at Rs. 54,017.00 per kg, up by 1.71%, after opening at Rs. 53,245.00 against the previous close price of Rs. 53,111.00. It touched the intra-day high of Rs. 54,080.00 till the trading. (At 05:17 PM today).The top gainers at MCX are Silver for September contract (2.16%), Silver for December contract (2.15%), Silver M for November contract (2.13%), Crude Oil for July contract (2.08%) and Crude Palm Oil for June contract (2.08%). (At 05:15 PM today).

The top losers at MCX are Potato for June contract (-4.01%), Potato for May contract (-4.0%), Platinum Mum for June contract (-3.68%), Potato for April contract (-3.66%) and Potato for June contract (-3.33%). (At 05:13 PM today).

The top gainers at NCDEX are Castor Seed for June contract (4.0%), Castor Seed for April contract (2.52%), Castor Seed for May contract (2.42%), Pepper for August contract (2.23%) and Light Sweet Crude Oil for May contract (2.03%). (At 05:12 PM today).

Lead futures surged in the domestic market following firm trend at London Metal Exchange (LME). April future climbed as much as 1.35% to Rs. 123.15 per kg on the Multi Commodity Exchange (MCX) due to strengthening of industrial demand in the spot market. Lead for three month delivery surged as much as 1.68% on the London Metal Exchange (LME) as demand from China remains firm after Chinese industrial production and the manufacturing PMI expanded at a rate of 52.2 in January. A reading above 50 indicates expansion.

Moreover, concern about increase in demand for industrial metals in Japan for reconstruction purpose also supported the base metal prices. 

At Multi Commodity Exchange (MCX), lead future for April contract is trading at Rs. 122.80 per kg, up by 1.07%, after opening at Rs. 121.55 against the previous close price of Rs. 121.50. It touched the intra-day high of 123.15 per kg till the trading. (At 05:08 PM today).Copper for April contract, at MCX, is trading at Rs. 436.00 per kg (up by 0.15%) after opening at Rs. 434.90 against the previous close price of Rs. 435.35 with intra-day high of Rs. 436.65 till the trading. (At 05:06 PM today).

Nickel future for March contract, at MCX, is trading at Rs. 1,215.50 per kg, up by 0.45%, after opening at Rs. 1,209.00 against the previous close price of Rs. 1,210.00 per kg. It touched the intra-day high of Rs. 1,217.70 per kg till the trading. (At 05:05 PM today).

At Multi Commodity Exchange (MCX), crude oil future for April contract is trading at Rs. 4,716.00 per barrel, up by 1.79%, after opening at Rs. 4,660.00 against the previous close price of Rs. 4,633.00. It touched the intra-day high of Rs. 4,725.00 till the trading. (At 05:04 PM today).

Crude oil for May future, at NYMEX, is trading at $103.97 per barrel, up by $2.13, after opening at $103.02 against the previous close price of $101.85. It touched the intra-day high of $104.27 with a business volume of 35,536 lots till the electronic trading. (At 05:03 PM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 190.10 per mmBtu, up by 1.28%, after opening at Rs. 188.90 against the previous close price of Rs. 187.70 per mmBtu. It touched the intra-day high of Rs. 190.60 till the trading. (At 05:02 PM today).

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