MCX Intra-day Free Tips : Nickel Lead Copper

MCX Base Metals Trend Today: Base metals may trade on the bearish side today on the Multi Commodity Exchange of India. Nickel & Lead will be the main base metals to watch out for the day. Aluminium, Lead & Copper will move up in the day trading session but Nickel will move down with the strong support at around 815 after this level It may move down further to witness a major fall today to reach 810. Aluminium & Lead will continue to trade on the positive bias for the day. Major economic decisions will be taken by the Government to recover Rupee against the Dollar in the domestic commodity market. Traders may take short position for the Nickel & long for the other base metals. 

Major MCX Commodities Support & Resistance Level for Today

• MCX Gold has the strong Resistance at 28200 for the down side support at 27399.
• MCX Silver may find the Support & Resistance Level at 42286 & 44445 respectively for the intra day session.

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Free Commodity Calls for Today : Copper, Natural Gas

Copper Trend Today on Multi Commodity Exchange of India (MCX India) is negative on international cues. MCX Copper has been trading in the range between 407-415. On the lower levels copper may find support at around 409 which further may fall to test 407 level, while the earlier resistance is seen at 413 which may further take the commodity to move up to test 417 level in today's trade.

Copper Trading Tips & Strategies for Today: Day Traders are advised to sell copper in evening trading session. Day Traders may sell MCX Copper at around 412 with placing stop loss at around 414 for the down side target of 407-405.

Natural Gas Trend Today on MCX India looks bearish, no further correction in the trend & price is expected from it till the evening session today. For the day trading session the commodity can be traded with the support & resistance levels of 212 & 223 respectively. 

Natural Gas Trading Tips for Today: Day traders may initiate the short position in Natural gas today. Take short position at around 218 & wait for the target of 212 with the stop loss at around 218.      

Free Commodity Trading Tips for Today : MCX NCDEX India

Due to the weakened Rupee against the Dollar in the USD/INR currency market the gold & silver commodities in the domestic commodity market (MCX India) are trading on bullish trend. The Gold trend today in the global commodity market is also bullish. Following the global cues the MCX India is trading on green zone. At moment the gold & silver are trading in green zone at 27700 & 43300 respectively. Commodities may further witness some more corrections in the prices as the day trading session progresses.

Red Pepper on NCDEX has climbed up by 1.5 percent to reach at Rs 5950. July futures of the commodity rose nearly 1 percent & is trading at Rs 6020. MCX Coriander may trade on the sideways to bullish trend this week on NCDEX India. 

Free MCX NCDEX Commodities Support & Resistance Levels for Current Week

• MCX Gold August : Trend : Sideways to Bearish, Support 26466, 26120; Resistance 27905, 28106.
• MCX Silver July: Trend : Bearish, Support 42741, 41833; Resistance 44807, 45833
• MCX Coriander July: Sideways to down on monsoon forecast, Support at 6425, 6320; Resistance 6950, 7000
• NCDEX Chana July: Trend Bearish; Support 3170, 3150; Resistance 3382, 3346.  

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MCX Gold Weekly Trend 10 June - 15 June : Free Trading Tips

MCX Gold Weekly Trend: MCX gold traded on the bullish to sideways trend in the last week. On the closing trading session of last week Gold witnessed a sharp decline in the prices. International commodity market had a great impact on the domestic commodity market of India. Gold on MCX India has been witnessing a major selling pressure now a days due the Federal Reserve Policy after the US employment data. Falling Rupee against the Dollar also played a important role in the gold tend last week. Further import duty on gold in India has been raised rapidly in the last couple of years. In the upcoming week gold on MCX India may trade on the bullish to sideways trend.

Weekly Gold Support & Resistance Level on MCX India: In the upcoming week i.e from 10 June to 15 June MCX Gold may trade in the range 27350-28400. Gold is expected to find support at 27300 and below that it may touch the level of 27100 followed by the Resistance at 28400 and above that it could touch the level of 28550.

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