MCX Commodity Live Updates

Gold Silver Updates

We expect gold & Silver both will trade from higher level, buying position can be arise form the higher levels.
Taking cues from rise in gold prices coupled with upside in base metals, spot silver gained sharply by more than 1 percent in yesterday’s trading session. The white metal touched an intra-day high of $33.66/oz and ended its trading session at  the level of $33.6/oz on Monday. 

Copper Updates
Base Metal King Copper also shows upper trend & here Copper may go for more high. We clearly suggest that copper can be buy at higher level it may touch 414.50 & after this level it may go for highr. The metal touched an intra-day high of $8396/tonne and closed at the level of $8259/tonne yesterday. On the MCX, Copper February contract touched an intra-day high of Rs409.40/kg and closed at Rs407.6/kg on Monday.  

In other base metal Lead if cross the level of 103 then it may go for next leve of 105, Lead can be good commodity for buy today.

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Commodity Trend, Gold Silver & Copper Updates

Gold all day in consolidate phase and at now point its shwoing some selling level but not clear figure seems in precious metal. The yellow metal touched an intra-day high of $1734/oz and was trading at $1732/oz till 4.30 pm IST today. On the MCX, Gold April contract rose around 0.2 percent as further gains were capped due to a stronger Rupee.

Copper agian bounced back & on high trade. Copper is on buying phase & seems good for next some trading hours. Copper prices came under pressure today mainly taking cues from sharp rise in the metal Shanghai inventories. Weekly copper inventories in warehouses monitored by the Shanghai Futures Exchange increased sharply by almost 10 percent to 217,142 tonnes this week. However, weakness in the US dollar cushioned sharp decline in prices. 

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Commodity Market Data, Bullion Updates

As expect Bullion market are in under the selling pressure, & both precious metals also in down side trend. Crude shows some positive phase & expected positive for the day. Gold Silver we expect for bearish trend.

Commodity Headlines

GOLD RETREATS AS WORRIES OVER GREECE HURT EURO.

CRUDE OIL REVERSES GAINS; GREECE WEIGHS.

COPPER SLIPS ON GREEK BAILOUT DELAY CONCERNS, WEAK EURO.

DOMESTIC OIL AND OILSEED TRADE STEADY.

Commodity Important Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 17TH    FEB	7:00pm	USD	Core CPI m/m	0.3%	0.1%
	7:00pm	USD	CPI m/m	0.3%	0.0%
	8:30pm	USD	CB Leading Index m/m	0.6%	0.4%

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Live Commodit Updates, Crude & Copper updates

MCX Gold Trend

Gold seems in consolidate phase & from this level we suggest that hold your position untilll gold will touch for more high. Prices have been consolidating in a tight range for past few days.  Anyhow, a solid break above 28050 region could lure buying interest towards 28210 /270 or even more towards 28400. But failed attempts to break 28050 region could generate major selling pressure towards 27900/820 or even lower towards 27640.  

Base Metal & Crude Updates
Crude Oil under the buying phase & clearly seems to be in bullish pattern. We suggest it for buy now. Crude may touch the next level of 5035+. While in other base Metal, Copper & Lead both are for sell. We suggest it for Sell form this level. 

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MCX Commoidty Live Market Updates

MCX Commodity Updates
- GOLD FIRMS ON HOPES OF GREEK DEAL.
- OIL AT $101, SUPPLY WORRY TRUMPS EUROPE GLOOM.
- COPPER STEADIES ON STRONGER EURO, GREECE PROSPECTS.
- GUARSEED AND GUARGUM HIT 4 PC UPPER CIRCUIT ON FIRM EXPORT DEMAND.

MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 16TH    FEB	12:30am	USD	FOMC Meeting Minutes
	7:00pm	USD	Building Permits	0.68M	0.67M
	7:00pm	USD	PPI m/m	0.3%	-0.1%
	7:00pm	USD	Unemployment Claims	364K	358K
	7:00pm	USD	Core PPI m/m	0.1%	0.3%
	7:00pm	USD	Housing Starts	0.68M	0.66M
	7:30pm	USD	Fed Chairman Bernanke Speaks
	8:30pm	USD	Philly Fed Manufacturing Index	9.0	7.3
	8:30pm	USD	Mortgage Delinquencies		7.99%
	9:00pm	USD	Natural Gas Storage	-126B	-78B

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Live MCX Commodity Data

Commodity Live updates
 - GOLD REGAINS $1,720/OZ AS EURO RECOVERS.
- CRUDE OIL RISES TO THREE-WEEK HIGH AS IRAN THREAT COUNTERS EUROPEAN DEBT.
- COPPER STEADY ON WEAKER DOLLAR, CHINA BUYING CAUTION WEIGHS.
- INDIAN SPICES COMPLEX TRADE UP ON SHORT COVERING.

Live MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
WED 15TH    FEB	4:10am	USD	FOMC Member Lockhart Speaks
	7:00pm	USD	Empire State Manufacturing Index	14.7	13.5
	7:30pm	USD	TIC Long-Term Purchases	62.3B	59.8B
	7:45pm	USD	Capacity Utilization Rate	78.6%	78.1%
	7:45pm	USD	Industrial Production m/m	0.7%	0.4%
	8:30pm	USD	NAHB Housing Market Index	26	25
	9:00pm	USD	Crude Oil Inventories	1.7M	0.3M

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