MCX Gold, Silver, Copper, Crude Oil Updates Today

Precious metals prices are trading firm on MCX today. We do not expect any major fall in the prices of bullions on account of the ongoing loose monetary policy by US Fed. Buying at dips is recommended for the day.

Industrial/Base metals prices are trading lower on international bourses today. We expect metals prices to remain under pressure on account of higher output from China and low physical demand. Selling on rise is recommended for the day.

Crude oil prices are trading a tad higher on NYMEX today. We do not expect any major rise in the prices of oil on account of higher inventory at key ports. Selling on rise is recommended for the day.

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MCX Commodity Tips

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Today news of MCX Commodity Market:

MCX Gold prices have support at Rs 27,400/10gms and resistance at Rs 27,700/10gms. MCX Silver prices have support at Rs 51,610/kg and resistance at Rs 52,600/kg. MCX Copper prices have support at Rs 410/kg and resistance at Rs 418/kg. MCX Crude prices have support at Rs 5,100/bbl and resistance at Rs 5,180/bbl.

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Commodity Market News and Trading Tips Today

GOLD HITS 4-WEEK TOP ON EUROPE WOES, ASIA DEMAND.
CRUDE OIL OFF STEADY AHEAD OF U.S STOCKPILES.
COPPER STEADY, CHINA HOLDS BACK PURCHASES BEFORE HOLIDAYS.
DOMESTIC OIL AND OILSEED TRADE STEADY.

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MCX Commodity Tips - NCDEX Agri Commodity Market Data

Precious/Bullion metals (Gold and Silver) are trading higher on MCX commodity market today. We expect prices to trade higher today. Industrial/Base metals are trading higher on International bourses today. We expect prices to trade lower for the day on account of weak china's trade data and worries about the euro  zone. Crude oil is trading higher on MCX today. We expect prices to trade higher for the day.

Outlook for Soybean is seen up for the day. CPO is expected to trade higher. Guar Complex is expected to trade lower for the day. Outlook for Chana is down for the day. Outlook for Jeera is sideways to up for the day. Pepper futures to trade higher for the day.

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MCX-NCDEX Commodity Updates and Trading Tips Today

MCX Copper Prices have support at 408 and resistance at 413. MCX Gold February contract may trade in range 27,850-27,400. Precious/Bullions metals (Gold and Silver) are trading flat on MCX commodity market today. We expect prices to remain range bound for the day. All base metals are trading higher on International bourses today. We expect prices to trade lower on account of worries over the euro zone's funding ability. Crude oil is trading flat on MCX today. We expect prices to trade lower for the day.

Pepper futures extended the steady trend for the third consecutive trading sessions. Jeera contracts ended up as overseas demand is expected to improve. Cardamom futures are likely to trade higher despite higher arrivals as there was good demand from both domestic and overseas buyers. Pepper futures prices opened higher and closed the day negatively at 32775. A trend line support is seen at 32670, break below the same may continue the weakness towards 32500/32100 followed by 31800 levels for the day.

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MCX Gold and Silver Tips, Copper Updates, Crude Updates Today

MCX Gold February
Gold prices have reversed after taking support at 26,500 levels. There is a positive divergence seen in RSI on the daily chart. We expect prices to go up to levels of 27,900.

MCX Silver March
Silver prices are taking support at levels of 48,500. Immediate resistance is at 51,600 levels. If we get a close above 51,600 we expect prices to go up to levels of 53,500. We recommend a buy above 51,600 levels with a stop loss placed below 50,000 levels for a target of 53,500.

MCX Crude Oil January
Crude oil prices are taking resistance at 5,400 levels. If prices close below 5,260 levels we expect prices to correct up to levels of 5,100.

MCX Natural Gas January
Natural gas prices continue to stay in a sideways consolidation, in the range of 160-167 levels. As prices are near the lower band of the range and the oscillators are in the oversold territory we expect a technical bounce up to levels of 167.

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. We recommend a buy above 407 levels with a stop loss placed below 401 levels for a target of 415.

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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.

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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.

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