Bullion Outlook : Gold Silver Tips

MCX Commodity trend today, commodity tips, MCX Intraday calls, gold updates, bullion tips, commodity MCX Tips

Bullion Outlook :- Gold futures on domestic exchanges were trading higher tracking marginal gains in COMEX futures and a weak rupee against the dollar. On the COMEX, gold futures were trading slightly higher on bargain hunting after the recent correction in prices. But, a strong dollar against the euro capped the upside in prices.

MCX Gold Tips:-

MCX Gold April Contract is looking negative for the day. Market may find support near 30420 & 30310; intraday resistance can be seen near 30560 & 30670. Day traders are advised to sell intraday on rise. (Sell around 30560 with SL 30670, for the target of 30420 & 30310.)

MCX Silver Tips :-

MCX Silver March Contract is looking negative for the day. Market may find support near 56500 & 56000; intraday resistance can be seen near 56900 & 57400. Day traders are advised to sell intraday on rise. (Sell around 56900 with SL 57400, for the target of 56500 & 56000.)

Get Free Trial of MCX NCDEX Tips, Fill The Form Now--->>

MCX Bullion Tips : Gold Updates 4 March

MCX Gold Trend :-

On MCX, Gold rebound from previous week’s low of 29263 towards the high of 30139, but was unable to hold gains and retrace back to 30000 below range and settled near 29740, a little bit up from previous week closing  price of 29605

MCX Gold Technical Outlook :- 

Gold's rebound attempt was  limited  by 30200 resistance and  weakened towards the end of the week. near term outlook stays bearish and recent fall from 33564 is still expected to continue. Below 29200 will target 29000  psychological level & 28700 important support. Though, we'll be cautious of bottoming sign there. Meanwhile, sustained break of 30200 will indicate short term bottoming and bring rebound. But break of 31000 psychological level is needed to indicate reversal.

Or risk will stay on the downside. In the long term picture, with 27600 support intact, there is no change in the long term bullish outlook in gold. While some more medium term consolidation cannot be ruled out.

Recommendation - Short to medium term trader can buy on dips of 29300-100 with stop below 28600 on weekly closing basis for immediate target of 30400 and 31200 (traders can  also  buy  mini lots of 100 gram and 8 gram  for short term investment)

Get Free Trial OF 2 days on Commodity Tips, Fill The Form----->>

Bullion Metals : Gold Silver Tips

Gold in India will follow international prices as currency markets are closed today. Gold for April delivery on the Multi Commodity Exchange (MCX) was down by 0.06% at INR 30,176/10gms. Gold prices are expected to be weak as uncertainty regarding the automatic spending cuts from March 1 will lead to a stronger dollar internationally and can put pressure on prices.

                                                             MCX Gold Silver Tips :-

Get Commodity Tips Free Trial 

Fill The Form ----->>

MCX Commodity Tips : Gold Silver Outlook

Commodity market today opens on a firm note. On the international market, bullion metals gold and silver trading down on the back of stronger dollar.  Low demand in China due to Lunar New Year holidays can push prices down.  Gold in India is likely to move down. However the downside will be limited due to a weaker rupee. Gold for April delivery on the Multi Commodity Exchange (MCX) was 0.28 percent up at INR 30,796/10gms.

MCX Gold Tips :- BUY MCX gold at Rs 30,650 per 10gm, stop loss for this trade below Rs 30,520 per 10gm and expect target of Rs 30,850-30,930 per 10gm

MCX Silver Tips :- Sell MCX silver at Rs 59,000 per kilogram with a target of Rs 58,000 per kilogram.

Get More Tips of Crude,Copper,NCDEX,Fill The Form-->

NCDEX Tips : Chana Trend 7 Feb 2013

NCDEX Chana Trend :-

Overall trend of Chana on the NCDEX for April delivery is looking bearish for short and medium term due to supplies from the new season crop. Over all trend of Chana on the NCDEX for April delivery is looking bearish for short and medium term. Support for the commodity is seen at 3320 level while 3470 is the resistance. Traders are advised to follow sell on rise strategy for the commodity

For More MCX NCDEX Tips, Fill The Form---->>

Crude Updates : MCX Crude Oil Trend Today 4 Feb 2013

Crude oil trading lower on the international front. According to the commodity news and world market updates Crude oil which closed marginally higher last day is trading on a swing note indicating down trade. March 2013 light sweet crude oil (WTI) futures at COMEX dropped by 18 cents or 18% to USD 97.59/bbl as at 09.55 am IST. Geopolitical uncertainties in Middle East and Africa have added to Brent crude oil prices, widening the premium between Brent futures and WTI crude oil.

On The domestic market, MCX crude oil is also effected by the international market. 

On the International front :-  Major Support for WTI at USD89, Bullish above USD 91

Domestic Market :- Sell at 5180, Stoploss 5200, Target 5150.

NCDEX Tips For Today :-

1. SELL DHANIYA ON PULLBACKS

2. BUY CPO ABOVE 456

3. SELL KAPAS ON PULLBACKS