MCX Commodity Updates

Gold MCX Trend
Gold is volatile today & can move both side. Investment demand for the yellow metal remained muted  yesterday as holdings at SPDR Gold ETF remained unchanged yesterday.

Today in the evening session of the trade we have U.S. Consumer Confidence data which is expected to improve and hence would support the financial markets and would also  support the Precious Metals Complex.

Silver updates
MCX Silver can be buy if it will cross the level of 57150 else silver may seen the level of 56650 today. COMEX  Silver  Mar  futures  also fell facing the cautious sentiment and they fell by 0.78  percent  to $33.527 per troy ounce from $33.790 per troy ounce the prior day. Investment demand for the white metal showed resumption to the tune of 98.25 tonnes yesterday at iShares Silver trust while the Gold/Silver ratio showed deviation as it increased to  51.63 from  51.28 the prior day.

Copper Updates
LME Copper  Feb futures fell by 1.16 percent yesterday to $8,420.75 per ton compared to prior  day while COMEX Copper Mar  futures also fell by 1.61 percent to $3.8265 per pound from $3.8890  per pound the prior day. What kept the metals complex down was the lingering worries regarding the Greece Swap deal, stronger  greenback and weak economic data coming from U.S. pressurized the complex.

The  world's largest copper producer Chile said its December copper output gained 2.2 per cent on the year to 509,407 metric tons. However, production for all of 2011 fell 3.2 per cent from the prior year to 5.25 million metric tons, the government statistics agency said Monday.  The agency cited inclement weather, labour strikes and falling ore grades, or the amount of copper contained in mined material, as the reason for the drop in 2011 production.

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MCX Commodity Market Data

MCX Market Data

- GOLD OFF 7-WEEK HIGH; GREEK DEBT TALKS EYED.
- CRUDE OIL TRADES BELOW 100$ AHEAD OF EU SUMMIT.
- COPPER DROPS AHEAD OF EU SUMMIT; GREEK DEBT DEAL EYED.
- INDIAN PEPPER AND JEERA TRADE LOW.

Date	Time	Currency	Economic Data	Forecast	Previous
TUE 31ST  JAN	7:00pm	USD	Employment Cost Index q/q	0.4%	0.3%
	7:30pm	USD	S&P/CS Composite-20 HPI y/y	-3.3%	-3.4%
	8:15pm	USD	Chicago PMI	63.1	62.5
	8:30pm	USD	CB Consumer Confidence	68.2	64.5

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MCX Gold & Copper Updates

Gold MCX Trend

Weaker than expected U.S. GDP report prompted investors to park funds in the safe haven asset and we saw the Precious Metals Complex extending their advances on Friday after COMEX Gold Feb futures rose by 0.32 percent to $1,732.2 per troy ounce from $1,726.7 per troy ounce the prior day. Later in the night session after Fitch rating agency downgraded five Euro Zone member countries, the greenback recouped from its lows but still the Precious Metals held on to their gains. Investment demand for the yellow metal showed some strength after holdings at SPDR Gold ETF showed resumption of 10.0 tonnes on Friday.

A higher than expected rise in the Euro Zone sentiment data would support the Euro and Precious Metals while a fall in the U.S. spending compared to the analysts expectation would further support the Precious Metals Complex. Markets would also be eyeing the outcomes of the EU Summit and the Greek debt swap deal.

Copper Updates

LME Copper Feb futures closed down by 0.77 percent to $8,519.25 per ton on Friday while COMEX Copper Mar futures also edged down by 0.32 percent to $3.8890 per pound from $3.9015 per pound the prior day. Weaker than expected U.S. GDP report coupled with no news coming from China regarding easing of monetary policies kept the outlook of this metal demand low and hence prices were scaling down. Markets are also eyeing the Greek debt deal and the outcome of the EU Summit in Brussels today where the leaders are to discuss the region’s debt crisis.

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Gold, Silver with Copper Updates

Today Gold Was very volatile & on uptrend, We expected gold will move 27870. Gold seems bullish from this level till dollar is is same phase. Gold can buy above the level of 27875, with SL of 27790. Spot gold prices rose around 0.5 percent on Thursday, taking cues from weakness in the US dollar, as a weaker dollar makes dollar denominated commodities look cheaper for the holders of the other currencies.

Silver MCX Trend

After a Strong level of 56990 silver again bounced back & sustain at 56830 & down. But here a good opportunity for buying in Silver above the level of 57110, if Silver breaks this level then it will go for 57400-500. Spot silver prices gained around 0.5 percent on Thursday, on the back of rise in gold prices coupled with a weaker dollar. Silver being an industrial metal also took cues from upside in base metals. The white metal touched an intra-day high of $33.78/oz and closed at the level of $33.43/oz on Thursday.

Copper Updates

Copper trade on high & seems to good for buying phase. After good position at International market copper shows good levels in Indian Commodity, because of dollar fluctuation copper may go for the level of 432+.

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MCX Market data

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 27TH        JAN	Day 3	USD	WEF Annual Meetings
	7:00pm	USD	Advance GDP q/q	3.1%	1.8%
	7:00pm	USD	Advance GDP Price Index q/q	2.0%	2.6%
	8:25pm	USD	Revised UoM Consumer Sentiment	74.2	74.0
	8:25pm	USD	Revised UoM Inflation Expectations		3.2%

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MCX Commodity Market Data

Commodity Updates

-  GOLD EASES FROM SIX-WEEK HIGHS AS EURO SAGS.

- CRUDE OIL BELOW 100$, GREECE WEIGHS.

- COPPER DIPS, BUT NEAR 4-MONTH HIGH AS EURO RISES.

- INDIAN SPICES COMPLEX TRADE LOW.

MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
WED 25TH        JAN	7:30am	USD	President Obama Speaks
	Day 1	USD	WEF Annual Meetings
	8:30pm	USD	Pending Home Sales m/m	-0.6%	7.3%
	8:30pm	USD	OFHEO HPI m/m	0.3%	-0.2%
	9:00pm	USD	Crude Oil Inventories	0.9M	-3.4M
	11:00pm	USD	FOMC Statement
	11:00pm	USD	Federal Funds Rate	<0.25%	<0.25%

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MCX Bullion & Copper Updates

Bullion Updates

Today movement was very uncertain in Indian Commodity, Gold still with its previous position with little down trend while silver was down after hold long tilme position at 55600. We suggest Silver can sell form higher level. While Gold is very uncertain no buying position seems for gold in todays session.

Copper Updates

Copper was following gold & silver today, after stand on a level it was goes down. A little correction can arise in copper & it may move for up side if it will corss 421.20. Copper, the leader of the base metals, declined 0.5 percent on the LMEtoday on account of mixed sentiments in the global markets due to escalating worries over Euro Zone debt crisis. Additionally, a stronger dollar also acted as a negative factor. However, sharp downside was cushioned on the back of drop in copper inventories on the LME warehouses today. The red metal stocks declined by 1 percent to 342,250 tonnes, lowest since October 2009.

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MCX Gold, Silver, Base Metals Update

Gold MCX Trend

Gold looking consolidate from this level & sustain at the same level after world gold movemnt.The European Union finance ministers prepared to meet in Brussels today in early night session to discuss new budget rules, financial firewall to protect indebted states and the proposed Greek Debt swap.As per the latest release from the Commodities Futures Trading Commission for the period 10th Jan – 17th Jan, 2012, Money Managers increasedtheir long bets on the Precious Metals Complex while the prices of Gold and Silver surged by 1.48 percent and 1.07 percent respectively during the period. The Net long positions for the Non

Commercial Traders showed an increase of 2.46 percent and 20.97 percent during the period in Gold and Silver futures respectively.

Silver MCX Trend

MCX Silver seems bullish for today trading session, after dollar down silver continue on bullish side. Today from morning session was showing bullish trend & from the level of 56500 a clear buying level seems. COMEX Silver Mar futures surged sharply compared to Gold Futures and edged up by 3.82 percent to $31.675 per troy ounce from $30.509 per troy ounce the prior day. Investment demand for the white metal too remained muted as holdings at iShares Silver trust remained unchanged on Friday. Gold/Silver ratio showed that silver looked more preferable option. compared to Gold as the ratio slid down to 51.79 on Saturday from 52.41 the prior day.

Base Metal Trend

Base Metals complex sentiments were mixed as on side we had the declining LME inventories in Copper, Nickel and Lead while on the other side the stronger greenback and Chinese New Year Holidays prompted investors to liquidate their positions. COMEX Copper Mar futures pared their prior day gains and fell on Friday by 1.46 percent to $3.7450 per pound from $3.8005 per pound the prior day. LME Copper Feb futures fell by 1.76 percent to $8,216.0 per ton on Friday compared to the prior day.

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MCX Bullion Updates

In MCX bullion both Gold & Silver were in consolidate phase, Silver was consolidate form last some hours & seems bearish from 53550 level. While in Gold, gold is also seems in down side trend. 

Today all commodity was in up trend, but in precious metals we are not suggesting new buying positions.

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Live MCX Data

Live MCX Data 

Date	Time	Currency	Economic Data	Forecast	Previous
THU 19TH      JAN	7:00pm	USD	Building Permits	0.68M	0.68M
	7:00pm	USD	Core CPI m/m	0.1%	0.2%
	7:00pm	USD	Unemployment Claims	387K	399K
	7:00pm	USD	CPI m/m	0.1%	0.0%
	7:00pm	USD	Housing Starts	0.69M	0.69M
	8:30pm	USD	Philly Fed Manufacturing Index	10.7	10.3
	9:00pm	USD	Natural Gas Storage		-95B
	9:30pm	USD	Crude Oil Inventories	2.9M	5.0M

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MCX Gold & Copper Updates

MCX Gold Trend

Some good news coming from the investment side of the yellow metal when holdings at SPDR Gold ETF surged by 1.51tonnes, a feat last seen on 30th Nov, 11. South Africa's gold output fell by 4.5 percent in volume terms in Nov, 11 while total mineral production fell by 4.6 percent compared with the same month the year before. Production of non-gold minerals was down 4.6 percent, Statistics South Africasaid.

India changed the import duty on gold to 2 percent of value from the earlier flat 300 rupees per 10 grams and that of silver to 6 percent of value from 1,500 rupees per kilogram, the government said in a statement.

Copper Updates

Investor’s risk appetite recovered yesterday and we saw their funds entering the Base Metals Complex with COMEX Copper Mar futures showing a 2.54 percent rise to$3.7295 per pound from $3.6370 per pound the prior day. Today the data in the evening will also have an impact on the Base Metals Complex while bearish comments from the World Bank would weigh on the Copper prices.

China's refined copper production rose 14.2 percent on the year in 2011, with Dec, 11 output up 8 percent from a year earlier as smelters rushed to meet annual outputtargets. In 2011, refined copper production in the world's top copper consumer reached 5.179 million tonnes while output increased 2 percent from Nov, 11 to 457,000 tonnes,data from the National Bureau of Statistics showed on Tuesday. The December figure was the first monthly rise after hitting a record 518,000 tonnes in Aug, 11.

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MCX Commodity Data

Important Data for Commodity 

Date	Time	Currency	Economic Data	Forecast	Previous
WED 18TH      JAN	7:00pm	USD	PPI m/m	0.1%	0.3%
	7:00pm	USD	Core PPI m/m	0.1%	0.1%
	7:30pm	USD	TIC Long-Term Purchases	27.3B	4.8B
	7:45pm	USD	Capacity Utilization Rate	78.2%	77.8%
	7:45pm	USD	Industrial Production m/m	0.5%	-0.2%
	8:00pm	USD	FOMC Member Tarullo Speaks
	8:30pm	USD	NAHB Housing Market Index	22	21

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