MCX Gold tips, silver tips, Copper updates, Crude updates

Today MCX Commodity market is trading totally opposite as compare to yesterday. Gold, Silver, Copper, Crude and other base metals are trading at positive price. MCX Gold is trading above Rs. 27,000 and MCX Silver is trading above Rs. 51,000. Yesterday Silver touch the low level of Rs. 49,100, it was very low in last some months. MCX Copper is trading above Rs. 400, it is trading in the range of Rs. 402-408 and MCX Crude Oil is trading in the range of Rs. 5280-5350in today's trading session. All base metals are trading on a positive note today.

MCX and NCDEX Commodity Market News Today

Precious/Bullion metals (Gold and Silver) are trading lower on MCX Commodity Market today. We expect prices to trade lower for the following trading session remaining under pressure due to a firm dollar. All base metals are trading on a negative note today. We expect prices to trade lower for the day on account of a stronger dollar. Crude oil is trading lower on MCX Commodity today. We expect prices to trade lower for the day on account of a stronger dollar and expectations of rising U.S. crude stocks offset Iranian threats to halt a vital oil trade route.

NCDEX Agri Commodity Market Trading Tips:
Pepper futures may trade sideways. Jeera futures extended the down trend due to weak cues from the spot market. Jeera futures may remain below 16,400 levels owing to profit booking from higher levels. Turmeric futures traded mixed following the rise in spot prices. Cardamom futures gained due to positive cues from the physical market. Pepper prices traded lower after making a high of 33150. We expect if prices break and sustain below the same may see further fall towards 32100 then 31800 levels for the day.

mcx gold tips, mcx silver tips, copper updates, crude updates

Today Gold and Silver are trading at negative prices. Copper and Crude Oil are trading at positive price. MCX Gold is trading in the range of Rs. 27,600-27,800. and MCX Silver is trading in the range of Rs. 52,600-52,800 in today's trading session. Today MCX Copper is trading above Rs. 405 and Crude Oil is trading above Rs. 5350. MCX Crude may touch the levels of Rs. 5400.

Gold is expected to witness some selling pressure at current levels. Gold can test 27,500 while silver 52,000 in near term. All base metals may trade sideways with weak bias. Crude oil can test 5,400 in MCX.

MCX Commodity Market News and NCDEX Agri Tips Today

MCX Silver continues to remain sideways, trading in the range of Rs. 53,000-54,500. In this broader range it`s forming a triangular pattern and the breakout levels of it are 53,200 and 52,888. The triangle is likely is break on the lower side.

MCX Crude oil is trading in an upward sloping parallel channel and till the upward trend is intact we maintain our bias up. The support on the lower side is at 5,040, whereas, the resistance is at 5,380 and 5,600.

MCX Gold is too forming a triangular pattern and its trading in a very narrow range of 27,700-27,800 levels. It is expected to break on the upside and the minimum target for the same is 27,955.

NCDEX Guar seeds
It has formed an ending diagonal pattern in its wave five up and it quite close to its breakdown level. The crucial support is at 6,940 level once broken will confirm the medium term top for it. The minimum target on the lower side is the beginning of the wedge pattern i.e. till 6,050 levels.

MCX Gold and Silver Tips, Copper and Crude Updates

MCX Gold February
Gold prices continue to stay in a sideways consolidation mode in the range of 27,000-28,000 levels.
Major support in MCX Gold is 25500 and 24000
Major resistance in MCX Gold is 28700 and 29500

MCX Silver March
Silver prices continue to stay in a sideways consolidation mode in the range of 52,700-54,300 levels. For this week MCX Silver 57000 and 59000 will act as major resistance and 51500 and 49500 will act as major supports.

MCX Crude Oil December
Crude oil prices are taking resistance at 5,310 levels. If prices close below 5,260 levels we expect prices to correct up to levels of 5,100. For this week MCX Crude Oil major resistance is found at 5400 and 5600 and major supports will be 4900 and 4600.

MCX Natural Gas December
Natural gas prices continue to stay in a sideways consolidation mode in the range of 162-170 levels. For this week MCX Natural Gas major resistance would be 195 and 205, supports would be found at 155 and 143.

MCX Copper February
Copper prices are trading close to its resistance level of 407. If prices close above 407 we expect prices to go up to levels of 415. For this week MCX Copper major resistance would be 420 and 430 and supports would be found at 390 and 375.