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Our all commodity calls and updates are live and totally based on fundamental and technical research. We deal in all commodity like crude, base metal, precious metal along with agree commodity NCDEX

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MCX Commodity Base Metal Review

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Buy silver
At - 54950
tgt - 55100, 55180, 55360
SL - 54710

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Gold Report
Spot Gold prices traded lower by 0.2 percent today, mainly tracking strength in the US dollar. But sharp declines were capped due to ongoing geo-political worries that increased risk aversion which in turn boosted safe-haven demand for gold. Prices touched an intra-day low of $1423.50/oz and were hovering around $1426.16/oz till 4.00 pm IST. On the MCX, gold witnessed further declines mainly on account of Rupee appreciation in today’s trading session.

Crude Oil Report
Crude oil prices traded on a flat note today and touched an intra-day low of $105.03/bbl till 4.00 pm IST. Prices came under pressure after rebels regained control of all key oil terminals in the eastern half of Libya, namely Es Sider, Ras Lanuf, Brega, Zueitina and Tobruk. Qatar has also agreed to market crude oil produced from these oil fields. Output from oilfields stood at about 100,000 to 130,000 barrels per day (bpd), which could be increased to 300,000 bpd. This has eased the supply concerns and put pressure on oil prices in today’s trading session. On the MCX, crude oil May contract declined around 0.1 percent and were hovering at `4730/bbl today.

Outlook for Metal
We expect gold to trade with a positive bias today, taking cues from worries over sovereign debt crisis in the Euro zone and geo-political tensions. But, strength in the US dollar will cap sharp gains.

Crude oil prices are expected to come under pressure today, mainly on account of dollar strength and poor sentiments in the global financial markets.

Base metals are expected to lower today, mainly tracking weak market sentiments coupled with strength in the US dollar. Additionally, Euro Zone debt concerns and ongoing geo-political tensions will further exert pressure on prices.

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Silver Tips

Sell Silver - 55600
Tgt - 55000, 55350
SL - 55800

MCX Commodity Base Metal Review

Gold/Silver Ratio continued to show strength in the white metal as it edged down further to close at 38.67 on 23rd Mar, 2011 from 39.29 on 22nd Mar, 2011 indicating that silver still attracts investment demand from the investors. Gold Apr futures on COMEX continued to end in green territory for the sixth consecutive day showing a 0.73 percent gain. Futures closed at $1,438 per troy ounce yesterday from $1,427.6 per troy ounce the prior day. Silver May futures on COMEX also tasted green colour the sixth consecutive day to close at $37.198 per troy ounce yesterday, a 2.56 percent gain from $36.269
per troy ounce the prior day.

Silver prices likely to face resistance at $37.7/troy ounce and $38.2/troy ounce level on COMEX May futures i.e. at Rs.55,978/kg and Rs.56,458/kg in MCX May contract. While on lower side prices can take support at $36.4/troy ounce and $35.6/troy ounce level i.e. at Rs.54,583/kg and Rs.53,668/kg in
MCX May contract.

Copper May futures on COMEX and three month futures on London Metal Exchange surged up for the second consecutive day and rose by 2.68 percent and 2.80 percent respectively yesterday. Futures at COMEX closed at $4.4285 per pound on 23rd Mar, 2011 from $4.313 per pound the prior day while at LME they closed at $9,745 per ton yesterday from $9,480 per ton. All the Base Metals three month futures ended in green yesterday at LME with Aluminium up 1.57 percent, Zinc up 4.19 percent, Lead up 1.86 percent and Nickel up 1.70 percent. Chilean miner Codelco, plans to ship an additional 10,000 to 20,000 tonnes of copper cathodes to Japan after this month's devastating quake coupled with a drawdown in the LME warehouse inventory after a week yesterday also supported the Copper futures. These bullish demand views slowed the dismal housing report from the U.S. Today in the afternoon session we have Euro PMI and U.K. Retail Sales both with negative expectation for Base Metals. In the evening session of the trade we also have U.S. Durable Goods Orders which are expected to support the prices of Base Metals.

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Daily Commodity MCX Overview

Spot Gold prices traded higher by 0.2 percent today, as growing geo- political worries increased safe-haven demand for the yellow metal. In addition to this, weakness in the US dollar also supported prices. Prices touched an intra-day high of $1432.05/oz and were hovering around $1427.85/oz till 4.00 pm IST today. MCX Gold April contract declined by 0.2 percent and was hovering around `  0,906/gms. Appreciation in the Indian Rupee exerted pressure on prices on the domestic bourses today.

Base metals complex delivered mixed performance on the LME today, as tensions in Libya exerted downside pressure on prices. But, weakness in the US dollar coupled with positive sentiments in the global financial markets cushioned sharp fall today.

Outlook
Base metals are expected to trade with a positive bias today, mainly on the back of weakness in the US dollar coupled with positive sentiments in the global financial markets. But geo-political tensions will cap sharp gains

Oil prices are expected to trade higher on the back of spreading unrest in the Middle East Additionally, dollar weakness will also be supportive. We expect gold to trade higher, taking cues from weakness in the US dollar and geo-political worries.

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MCX Commodity Base Metal Review

On Friday Precious Metals complex got support from the authorization of military attacks on Libya which rose the demand for the safe haven assets as investors parked funds in them on concerns of geo – political uncertainty arising due to concerns of a war erupting in the Libyan country. Gold Apr futures on COMEX rose by 0.85% to $1,416.1 per troy ounce on 18 th Mar, 2011 from $1,404.2 per troy ounce on 17th Mar, 2011 while Silver May futures on COMEX also showed strength and rose by 2.34 percent to $35.058 per troy ounce on Friday from $34.258 per troy ounce the prior day. Gold/Silver ratio edged down to 40.39 on 18 th Mar, 2011 from 40.93 on 17th Mar, 2011 indicating more investment demand for the white metal.

Crude oil future on NYMEX erased their gains and shed by 0.35 percent to $101.07 per barrel on 18 th Mar, 2011 form $101.42 per barrel on 17th Mar, 2011. The cease fire on military actions from Libya against rebels pressurized the crude oil futures; however renewed concerns of military action if Libya does not comply with the International community demand supported the futures. Today Crude oil prices will face resistance at $103.10/barrel and $105.1/barrel i.e. at Rs.4,628/barrel and Rs.4,728/barrel in MCX Apr contract while on the lower side prices can take support at $99.60/barrel and $98.10/barrel i.e. at Rs.4,471/barrel and Rs.4,412/barrel in MCX Apr contract.

Zinc prices have resistance at Rs.105.9/kg and Rs.107.2/kg level in MCX March contract and selling can be seen there. While on lower side prices are expected to find support at Rs.103.8/kg and Rs.103.0/kg level.

Nickel prices have resistance at Rs.1,219.50/kg and Rs.1,233.50/kg level in MCX March contract and selling can be seen there. While on lower side prices are expected to take support at Rs.1,181.80/kg and Rs.1,158.10/kg level.

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MCX Commodity Base Metal Review

Base Metals Complex on COMEX and LME continued to end in green yesterday as they got support from U.S. Philadelphia Manufacturing Index which expanded at the fastest pace since 1984. The index buoyed by surge in factory orders increased to 43.4 in Mar, 2011 from the prior months 35.9  nderscoring the Fed’s view of U.S. economic expansion on “firm footing”. Copper Apr futures on COMEX and three month futures on LME showed a day’s gain of 3.56 percent and 3.58 percent respectively. U.S. Industrial Production Index negated the analyst’s expected rise by 0.6 percent and showed a modest decline by 0.1 percent to 95.5 in Feb, 2011 following 95.6 in Jan, 2011 when it rose by 0.3 percent.

Crude Oil Apr futures on NYMEX rose yesterday by 3.51 percent for the second consecutive day to $101.42 per barrel from $97.98 per barrel on 16th Mar, 2011. Prices mainly got support from the escalating tensions in Bahrain and Libya. The U.N. decision of imposing a no – fly zone and going for an air strike with Gaddafi’s forces would further support the Crude oil futures. Today Crude oil prices will face resistance at $103.46/barrel and $105.4/barrel i.e. at Rs.4,651/barrel and Rs.4,716/barrel in MCX Apr contract while on the lower side prices can take support at $98.0/barrel and $94.6/barrel i.e. at Rs.4,478/barrel and Rs.4,370/barrel in MCX Apr contract.

Zinc prices have resistance at Rs.106.4/kg and Rs.107.7/kg level in MCX March contract and selling can be seen there. While on lower side prices are expected to find support at Rs.103.3/kg and Rs.101.6/kg level.

Nickel prices have resistance at Rs.1,190.3/kg and Rs.1,206.6/kg level in MCX March contract and selling can be seen there. While on lower side prices are expected to take support at Rs.1,146/kg and Rs.1,118.0/kg level.

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MCX Bullion Trend, MCX Commodity Review

Base Metals continued to face the heat yesterday due to dampened demand from Japan as factories have shut down production due to power cuts. Copper Apr futures on COMEX pared their prior trading day’s gains and fell by 0.51 percent to $4.1735 per pound yesterday from $4.1950 per pound the prior day. Although Euro zone Industrial Production Index rose in line with the analyst’s expectation by 0.3 percent in Jan, 2011 to 100.4 following a 0.3 percent rise to 100.3 in Dec, 2010; but the rise failed to support the Base Metals Complex.

Gold Apr futures on COMEX continued to end in green yesterday and rose by 0.22 percent to close at $1,424.9 per troy ounce from $1,421.8 per troy ounce the prior day. Silver Mar futures on COMEX however pared its prior day’s gain and ended down by 0.3 percent to close at $35.825 per troy ounce from $35.933 per troy ounce. Holdings at SPDR Gold ETF fell by 1.82 tonnes to 1,213.65 tonnes yesterday while that of iShares Silver trust remained unchanged. Gold/Silver ratio edged slightly up to yesterday to close at 39.7 from 39.46 the prior day indicating that the white metal still holds some investment demand.

Silver prices likely to face resistance at $36.4/troy ounce and $36.9/troy ounce level i.e. at Rs. 54,336/kg and Rs.54,698/kg level in MCX March contract. While on lower side prices can take support at $35.4/troy ounce and $35.0/troy ounce level i.e. at Rs.53,621/kg and Rs.53,268/kg.

Zinc prices have resistance at Rs.105.9/kg and Rs.106.9/kg level in MCX March contract and selling can be seen there. While on lower side prices are expected to find support at Rs.103.4/kg and Rs.101.9/kg level.

Nickel prices have resistance at Rs.1,185/kg and Rs.1,196.3/kg level in MCX March contract and selling can be seen there. While on lower side prices are expected to take support at Rs.1,159.9/kg and Rs.1,146/kg level.

Lead prices are expected to have resistance at Rs.116.6/kg and Rs.118.2/kg level in MCX March contract and selling can be seen there. While on lower side prices have support at Rs.111.8/kg and Rs.108.7/kg level.

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MCX Commodity Base Metal Review

Gold Trend
Gold Apr futures on COMEX rose by 0.66 percent to $1,421.8 per troy ounce on Friday from $1,412.5 per troy ounce the prior day. Silver Mar futures on COMEX also gained 2.48 percent to $35.933 per troy ounce from $35.064 per troy ounce the prior day. Prices mainly got support from the ongoing Middle East crisis and the earthquake in Japan which prompted investors to seek shelter in safe haven assets. Gold/Silver ratio edged down to 39.5 on Friday from 40.1 on Thursday showing that the white metal still holds some investment demand. Holdings at Gold SPDR ETF declined by 1.82 tonnes to 1,215.48 tonnes on Friday while that of Silver holdings at iShares Silver Trust also showed redemption and holdings fell by 16.70 tonnes to 10,957.36 tonnes.

Crude Oil Trend
Crude oil futures on NYMEX declined on while that of Natural Gas Apr futures rose on concerns that higher gas demand in Japan would be required to replace lost nuclear capacity leading to tightening of global supply/demand balance. The natural calamity in the world’s third largest economy prompted investors to turn towards safe haven assets buying and gold and silver futures on COMEX. Libyan troops loyal to Colonel Muammar Gaddafi have reportedly intensified their fight against rebels while attempting to retake the oil port of Ras Lanuf on Friday. On the other hand Saudi’s "Day of Rage" fizzled and passed quietly as citizens heeded a government ban on protests in the Kingdom.

Zinc Review
Zinc prices have resistance at Rs.103.2/kg and Rs.103.5/kg level in MCX March contract and selling can be seen there. While on lower side prices are expected to find support at Rs.102.8/kg and Rs.102.7/kg level.

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MCX Bullion Trend, MCX Commodity Review

- The recovery in the U.S. economy seems to be facing speed bumps with trade deficit for January 2011 that widened to a seven month high

 - Chinese Consumer Price Index rose 4.9 percent in February, 2011

Yesterday U.S. greenback got strengthened and pressurized the Precious Metal Complex at COMEX. The dollar took support from a declining Euro which fell as Moody downgraded Spain’s Credit ratings by one notch. However the ongoing crisis in Middle East and North African countries is expected to upport the Precious Metals. Gold Apr futures on COMEX fell by 1.20% to close at $1,412.5 per troy ounce yesterday from $1,429.6 per troy ounce the prior day. Silver Mar futures also faced the heat and fell by 2.72% to $35.06 per troy ounce. Holdings at SPDR GOLD ETF and iShares Silver trust remained unchanged yesterday. Investment demand reduced and investors removed funds from the safe haven assets yesterday. Gold/silver ratio rose yesterday to 40.1 from 39.68 on 9 th Mar, 2011.

Silver prices likely to face resistance at $36.1/troy ounce and $36.9/troy ounce level i.e. at Rs. 54,006/kg and Rs.55,039/kg level in MCX March contract. While on lower side prices can take support at $34.5/troy ounce and $33.8/troy ounce level i.e. at Rs.52,272/kg and Rs.51,571/kg.

Base metals continue to look dull amid reports showing slow economic recovery in the U.S. and gloomy picture of China which reported trade deficit in Jan, 2011 for the first time since Mar, 2010. China is the largest consumer of industrial metals. The dragon country is putting in continuous efforts to tighten the money supply in an effort to curb inflation. The Inflation/Consumer Price Index for Feb 2011 grew by 4.9% same percentage growth as in the previous month to 110.5, higher than the analysts expectation of an increase by 4.7%. Higher global prices prompted profit-driven Chinese copper smelters to produce more metal in the January-February period despite the weeklong Lunar New Year holiday China's February copper output rose 3.8% on year to 386,000 metric tons, a decline of 5.6% from January's
409,000 tons, the National Bureau of Statistics said Friday. Total output in the January-February period rose 7.9% to 795,000 tons.

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MCX Bullion Trend, MCX Commodity Review

Spot Gold prices traded lower by 0.5 percent today, mainly due to strength in the US dollar. But sharp declines were cushioned due to troubled sentiments in the global equity markets coupled with ongoing geo-political tension. Gold touched an intra-day low of $1420.90/oz till 4.00 pm IST today. MCX Gold April contract traded on a flat note today, as depreciation in the Rupee resisted further decline and was hovering around ` 21024/gms.

Base metal prices traded lower on the LME today, mainly on the back of strength in the US dollar coupled with ongoing tension in Libya. Additionally, poor sentiments in the global financial markets also pulled metal prices in the downward direction. Depreciation in the domestic currency led minimal losses on the MCX today. The Spot Rupee depreciated 0.6 percent and was trading at 45 at 4.00 pm IST.

Base metal prices are expected to trade lower today on the back of increasing turmoil in Libya. Additionally, poor sentiments in the global financial markets and a stronger dollar will also exert pressure. We expect crude oil prices to trade higher as ongoing geo-political tensions in Libya will increase supply fears and support prices today. We expect gold to trade higher in the evening session today, mainly on account of ongoing geo-political concerns and poor sentiments in the global

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MCX Bullion Trend
Gold Trend
Spot Gold prices traded in the positive territory, amid rising geo-political issues which continued to support demand for gold as a safe haven. But sharp gains in the yellow metal were capped on account of dollar strength. The US Dollar Index (DX) strengthened around 0.3 percent till 4.00 pm IST as concerns in the Middle East increased demand for the currency. Spot Silver prices on the other hand increased almost 1 percent and traded around $36.33/oz till 4.00 pm IST. On the MCX, silver prices gained almost 3 percent as Rupee depreciation supported gains.

Crude Oil Trend
Crude oil prices fell from its 2 1⁄2 year high that it touched on Monday after statement by the OPEC that it could increase output if supply concerns persist. The oil cartel also added that the supply situation was not at all tense and that prices were mainly rising due to fears. World supply continues to be comfortable despite loss in supply of crude from Libya.

MCX Bullion Review
Bullion prices are expected to trade higher on the back of uncertainty over ongoing geo-political concerns in Libya. But sharp gains could be capped on account of dollar strength.

Crude oil prices are expected to come under pressure as despite geo-political concerns in Libya, supply side concerns have eased on account of statement by the OPEC. Dollar strength will additionally put downside pressure on oil prices.

Base metals are expected to trade with a negative bias, taking cues from unrest in Libya, concerns over economic growth and dollar strength.

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MCX Commodity , Base Metal Trend

Gold Review
Spot Gold prices traded lower by 0.3 percent today, tracking the positive sentiments in the global equity markets which made investor to move towards riskier assets. Additionally, falling crude oil prices have also eased inflation fears which pressurized prices. Gold touched an intra-day low of $1422.35/oz and is hovering around at $1431.10/oz till 4.00 pm IST today. On the MCX, the yellow metal prices declined 0.4 percent and were trading at ` 21085/gms around the same time.

Positive sentiments in the global equity markets coupled with weakness in the US dollar helped base metal prices to trade higher on the LME today. Lead continued to be the top performer for the second consecutive day, as the metal prices gained almost 1 percent on the LME. Prices touched an intra-day high of $2591/tonne and were hovering around `2587/kg till 4.00 pm IST. On the MCX, lead prices gained more than 1 percent, mainly of the back of depreciation in the domestic currency.

Crude Oil Review
Nymex Crude oil prices came under pressure, dropping around 0.3 percent today, after the Arab League stated that a peace plan for Libya from Venezuela's President Hugo Chavez was under consideration. This factor led oil prices to trade lower at $101.94/bbl till 4.00 pm IST today. But depreciation in the Indian Rupee led MCX Crude oil contract.

Click & Get COMMODITY TIPS. All Commodity Tips, Free Commodity Tips, gold tips, silver tips, mcx bullion tips, bullion tips you can get form here. 

MCX Tips provided by me are source of knowledge and trading strategies for its clients and visitors. Free Commodity tips benefits the traders from the Live Markets commodity calls provided by us, and thus make huge money from the strategies we provide them. FREE MCX Tips are also provided by us on a one two trial days basis for the visitors to our website. MCX Commodities are a great and huge source of profit from Indian commodities traders. There are various commodities being traded on these exchanges ranging from Gold, Silver, Copper, Crude, Nickel, Aluminum, Zinc, Lead, and many more. We provide Daily MCX Reports, Daily Gold Reports, Daily Silver Reports, Daily Copper Trend,Gold reports, Silver reports and Copper Reports, Technical/fundamental Reports on Gold, Silver, Copper, Aluminium,Zinc, Nickel, Crude Oil and Natural Gas with a host of Agri Commodities like Mentha Oil, Cardamom, Potato, Potato Tarkeshwar, Chana, Guarseed, Jeera, Pepper as well as Trading Calls for all commodities on MCX and NCDEX . Apart form Commodity We have other services for Intraday Stock Tips, Free Share Tips, Nifty Tips, Nifty Future Tips, Nifty Option Tips, Free Nifty Tips, Equity Tips, Stock Cash Tips, Free Trading Tips. Register Today to Get Free Trial Stock Commodity Trading tips for Intra-day, Short Term & Long Term Investment on Mobile from Today 23rd December to Tomorrow 24th December 2013.

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