Commodity Market Will Face Bullish Trend Today

International commodity market is on the bullish side for the day trading session on Tuesday. Yellow metals may face the bullish trend in the domestic market also following the same trend. Gold has jumped to it's high of last one year in the global market & now it is witnessing the selling pressure. Nymex Crude oil is also trading with gain momentum in the market. MCX Base metals may trade on the consolidate trend today which may turn bullish in the evening session. 

MCX Base Metals View for Today: All base metals excluding the nickel on MCX will trade on the positive bias today. On the intra-day basis the MCX Nickel may witness the support level at around 830 will may drag down the prices further to 827 level. Resistance for the commodity is at 845-848 level. US data on Existing Home Sales was positive yesterday due to which the mcx base metals went up yesterday. The trend of the lead, copper is expected to remain on the upside.

Free Commodity Trading Calls for Today

• Buy MCX Gold (August) at around 27400 with stop loss at 26200 for the intra-day target of 27800.
• Buy Crude Oil (July) at around 6300 with stop loss at 6250 for the day target of Rs. 6400.
  
  

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Bullion Free MCX Tips Today: Gold Silver Bullish Trend

Bullion MCX Gold Silver Trend Today: On the intra-day as well as on the future's commodity gold chart the bullion mcx gold is bullish however one may find the sideways to bullish trend today on MCX India. August Future is bullish for the day as well. US Federal Reserve's has send an indication in the market which supported the gold in domestic market today. Following the gold in the domestic market the silver has been trading on the positive bias since Tuesday morning. 

MCX Gold Intra-day Tips for Today: Gold on Multi Commodity Exchange of India may trade on bullish to sideways for the day. Gold may find the the up side Resistance level at around 26300 while support for the gold is seen at 25800. Traders may initiate the buy position as bullion yellow metal is expected to move up at around 26100 to avoid any volatility for the intra day target of Rs. 26300. 

MCX Intra-day Silver Trading Tips for Today: MCX Silver is trading bullish today. Silver will find the support level at 39,900 followed by the strict resistance level at around 40,600. Traders are advised to take buy position with stop loss at 40100 for the target of 40,550.

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MCX Natural Gas Trend & Commodity Trading Tips for Today

MCX Natural Gas Trend Today MCX Natural is trading on positive bias right now but it may move down in upcoming evening session till 216 level. After breaking this level it may further move down. On intra-day MCX live chart the natural is expected to witness the support level at around 211 & after breaching this level it may test the 207 level. While on other hand the Resistance for the commodity is seen at 216-220 levels for the day. However, higher then expected US natural stock-piles are limiting gains in the natural gas futures to certain extent.

Natural Gas Trading Tips for Today Natural gas traders may take the sell position at around 215 with stop loss at 217 & can wait for the intra day target of 212-208.

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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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