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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NCDEX Tips : Chilli, Jeera, Pepper, Turmeric, Cardamom Trend

NCDEX Market Trend Today :-

Chilli market at Guntur was closed for summer vacation & is expected to re-open only in June.

Arrivals of jeera crop were steady ~15,000 bags & the same were traded at auctions held at Unjha market. Spot rates were up & quoted around `124-`125 per kg while exchange crop was offered at `132-`133 per kg, as per local traders.

Spot rates of pepper garbled declined to `356 per kg and that of un-garbled was down at `341 per kg while arrivals declined to 38 tons & trades too were down at 40 tons at auctions held at Kochi market, as per IPSTA.

Arrivals of turmeric crop increased to 6,500- 7,000 bags at Nizamabad market, up more than 5,000 bags at mandis of Erode, but declined to 3,000 bags at sangli market.

Spot rates too were largely unchanged, across major trading centers. Average price of small cardamom declined to `526.3 per kg while maximum price offer

NCDEX Tips :-

Chilli (June) :- Trend - Down, Sell with the first target of 5600

Jeera (June) :- Trend - Up, BUY above 13,400, TGT1= 13530

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Commodity Trend Today 28 March 2013

MCX Gold Trend :- 

Prices have breached crucial resistance of 29800, but failed to close above the same on weekly basis. We can expect some recovery till 30,000-30,050 levels upside is expected only above the given level. However, overall trend still remains bearish. Other Resistance are seen at 30,814 (200-day SMA) & 30,515 (100-day SMA)

NCDEX Pepper trend :- 

Pepper has broken down from an upward sloping channel. On a longer time frame it has faced resistance at the 20-weekly simple moving average. It is currently trading below the 20-and 40-daily moving averages (DMA’s) i.e. Rs36,308 and Rs36,910 respectively, which are crucial resistances for the agri-commodity in the short-term.

NCDEX Tips : Cotton, Kapas,Cardamom,Jeera

NCDEX market is trading mixed with various commodities trending up and down. Today on 18th March we will discuss about NCDEX commodity market and this blog will give you the detailed information and Live commodity Tips. 

NCDEX kapas (raw cotton) seems to be bearish, says our technical commodity experts. If we talk about, long term and short term they are expected to trade on good note and uptrend.  Global economic expectation giving strong push to the cotton prices, help it to grow bullish in coming phase.

For now, we recommend "Sell On Rise" Strategy.

On the other hand, Chana on NCDEX is showing sideways trend

Jeera Outlook :-

Jeera prices are playing between 13300 to 13400 range. Prices will stay well above 13 and 22 day  EMA support at 13270 levels. Un-fortunately, if prices skid the base at 13190 could extend selling pressure towards 13000 levels.

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1. BUY KAPAS ON DIPS

2. SELL CARDAMOM ON PULLBACKS

3. BUY JEERA ABOVE 13550

MCX Commodity Trend Today 14 March

MCX Bullion Metals (Gold Silver Tips) :

On the global front, gold fell on Wednesday following the Asian cues. Gold silver trend for today is expected to be down, Our experts recommend sell on MCX Gold and silver.

MCX Gold : Sell at 29500 SL 29550 Tgt 29430

MCX Silver : Sell at 54600 SL 54800 Tgt 54200

MCX Base Metal Updates :- 

If we talk about copper in base metals then, it is trading down from one week, our experts recommend buy on dips strategy 

MCX Copper :- Buy at 426 SL 424 Tgt 429

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Commodity Trend Today : Gold Silver Copper

MCX Gold Trend (5 Apr) :-

TREND: BEARISH

RES 1: 29450,RES 2: 29625

SUPP 1: 29250,SUPP 2: 29125

STRATEGY: BUY ON DIPS

MCX Silver Trend (4 May) :-

TREND: CONSOLIDATE

RES 1:55050,RES 2:55550

SUPP 1:53800,SUPP 2:53000

STRATEGY : SELL ON HIGHS

MCX Copper Trend (30 Apr)

TREND: BEARISH

RES 1: 428.0,RES 2: 430.5

SUPP 1: 424.0,SUPP 2: 421.5

STRATEGY: SELL ON HIGHS