MCX Expert Tips

GOLD  - JUNE -
Overall in trading range consider level of resistance 29100-29200 and below support 28650... separate out this range will shift further in either side. Every week Pattern Decider 28850.

SILVER  - JULY -
Some support was seen and durability in this commodity rather than gold. Now we may consider level of resistance 55100-55100 and support 53220 at reduced stage. Short-term level to buy part with limited stop-loss.

COPPER – JUNE -
Small dealing range carries on 421 to 430-434... Consider support 416... decisively break with amount further weak point and may analyze 411-401 level, higher-level level of resistance 441-451. Observe out.

CRUDE – JUNE -
Trading range carries on in this investment. Level of resistance 5160-5210 and assistance 5100 to look at out on decline.

NICKEL – MAY -
After weak point in originally trading, bying support and durability seen and lastly it created a high 947.40 after creating a low 923 showing any time distinct move in this investment. Now consider level of resistance 951-954 range.

MCX Gold June : Prices seen trading with a negative outlook with immediate target of 28840/600 or even lower by holding the upside cap of 29170 region. Even in this bearish outlook, unexpected move above 29180 region could lift up prices towards 29260 or even more towards 29380.

MCX Silver June : Likely to be choppy inside the range of 53600-54300 levels with mild positive bias. Either side breakout would suggest fresh directional moves later.

MCX Copper June : Inability to surpass above 428.40, expect bearishness to continue towards 423/420 or even more. However, it would be required to break and sustain above 430 to resume further upsides.

MCX Nickel May : Mild positive bias is expected as long as prices stay above 927. However ,944-951 regions would be the initial trigger to rush prices towards 971 later. Unexpected sell off below 916 would be an early signal of strong selling again.

MCX Lead May : Current upside bias less likely to persist until it cross above 108.10 region, else hold the same for a long liquidation pressure towards 107/106.30 or even lower towards 105.30. But break above108.10 could extend buying interest toward 109.60/110.

MCX Crude Oil June : The prevailing bias is likely to extend towards 5030-54 region on break past 5070. However, inability to break below this level could see prices revisiting highs of 5123/5153 levels. Push higher above 5153 could see a bulls drive home the advantage towards 5183 and even higher towards 5223. Conversely, a crack below 5030 could see prices targeting 4980 levels.

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Gold prices are likely to head low after it tested the resistance zone at 29140. Prices are expected to test 28840 -28810.

Silver prices are likely to trade lower after testing the high of 54800, one can sell on rise around 54610 with a stop loss above 55240.

Copper prices are expected to test 431 -433 zone on higher end. One can buy on dip around 424 with a stop loss below 422.

Nickel prices are expected to trade between the range from 931 to 970. Prices are expected to rise one can buy around 930.

Lead prices are expected to trade positive, one can buy around 105.90 -106.30 with a stop loss below 104. prices can expect prices to test 108 on higher end.

Crude prices are expected to bounce one should look for buying opportunity at 5110 with a stop loss below 5030....

Investment demand in both the metal rose in last couple of day especially in mcx gold. The biggest fund in gold holding increased by 2.11% in last 2 weeks. Whereas the biggest fund in silver increased their holding by more than 1% as per last month data.

MCX July Natural Gas Rs.201.? Based on study. I see trade range of Rs.205.30-198., Recommendation buying at Rs.201.28/198.80?upside sell target is Rs.203.02 and trend reversal at Rs.204.

MCX August Crude Rs.4366? Based on study, I see trade range of Rs.4281-4471, Recommendation Buy at Rs.4334/4301?upside sell target is Rs.4384/4451/4471(is trend reversal.

MCX Sept. Silver Rs.58474? Based on study, I see trade range of Rs.56141-61300, I recommend to buy Rs.57884/56872(confirm this level below Rs.58140 around)?upside sell target is Rs.59051/59343 ?59931/61391. (Strong bearish only below Rs.56131?51462).

MCX Gold Aug Rs.23065 ? Based on our study, I see trade range of Rs.22784-23230, Recommendation buy on fall upto Rs.22894/22843. (stops below Rs.22712) upside sell exit level is Rs.23121/23173( This level might see come minor correction). Buy on dips is recommended.

Gold investors in Indian, the greatest customer of gold, bought the gold in small amounts on Tuesday as prices prolonged failures to hit their smallest in six weeks and breached the acutely witnessed 28,000 rupee level. The most-traded May agreement on the Multi Investment Exchange (MCX) was 0.54 percent lower at 28,080 rupees per 10 h, after reaching 27,982 rupees, its smallest since Apr 5, monitoring poor international leads.

The rupee, which increased greatly on Tuesday from a near history low against the money, performs an important part in identifying the arrived cost of the dollar-quoted yellow-colored metal.

In the offshore market, silver decreased to its smallest since overdue Dec as the money went under against the U.S. money on problems that a deterioration debt disaster in Greece could leak over into its neighbors and jeopardize the everyday living of the single currency.

Copper costs are required to test 421 -420 location on lower end. Price is required to hold the support location, one can get into long with a small stop-loss below 417.

Silver costs are positioning 53410  -  53510 assistance for few days, we anticipate a offer below 53410 for the down shift until 52810 -  52710. oscillator also are in oversold location hence competitive promoting not advised.

Nickel costs are required to business reduced below 914 to the beat of 904 -900. Oscillators recommend a smooth to down move in the reverse.

Crude costs are seeing selling stress and should continue until 5000 -4940 on reduced end. Price is predicted to business reduced as long as business below 5140. Oscillators are in adverse territory.

According to the our analysit team, Silver and Gold are required to trade lower today on the back of poor market emotions due to deepening problems over Money Location debt disaster in addition to a more powerful dollars.

Gold:  Spot Gold prices increased around 0.3 % on Friday on the returning of ideal employment data from the US. However, distinct profits were to cap it due to strength in the US dollar catalog in addition to combined market emotions. The gold moved an intra-day high of $ 1602/oz and ended its trading time at $ 1594/oz last night. However, MCX Gold May contract dropped around 0.7 % on the returning of gratitude in the Native indian Rupee and moved an intra-day low of Rs. 28,400/10 gms.

Silver: - Taking cues from combined overall performance in base materials in addition to a more powerful money, Spot Siver prices decreased by 0.7 % on Saturday. The white steel moved an intra-day low of $ 28.91/oz and finished its trading time at $ 29.12/oz last night. On the MCX, Silver September agreement decreased more than 1 % on account of a more powerful Rupee and moved an intra-day low of Rs. 54,380/kg on Friday.

We expect Gold and silver coins to trade lower today on the back of poor market emotions due to deepening problems over Dollar Location debt disaster in addition to a more powerful dollar. Additionally, silver demand concerns from Chinese suppliers, globe's second biggest consumer of silver, will also act as a negative factor for prices. However, devaluation in the Native indian Rupee may hold further fall on the MCX.

Crude oil prices will increase failures this week as risk aversion excited by constant governmental concern in European countries continues to bother markets.

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SILVER – JULY -
Silver price stayed unstable during the a week ago and resolved at 56571. In this, we may consider powerful level of resistance at 57510-58100 and change to offer side, disadvantage assistance 55100 to look at out.

GOLD  - JUNE -
MCX Gold ongoing displaying small trading range for the the other day and made a higher of 29283 and low of 29941. In this weeks time, consider pattern decider 29127 - below keep prefer and above fluff prefer to be followed. We suggest high-risk investors to go long with stop-loss for focus on 29310-29510 in future. Once separate out assistance level, non-stop focus on 28510.

COPPER  - JUNE -
The other day exchanged inline with our anticipations and made a high of 448.50. Thereafter some selling pressure surfaced and was unable to maintain at advanced level and shut at 441. In this weeks time, carefully observe 444, cross-over it will show strength, whereas the disadvantage support 431-435 range to look at out.

CRUDE – MAY -
As the other day on Wednesday it was expected that big fall on the card in Raw and it occurred on Saturday trading and lastly overall made a low 5214 showing bearishness to continue in this investment. In this weeks time, pattern decider 5360... stay below keep prefer... carefully eye 5181... separate with amount... real anxiety will start.

Gold investors in Indian, the biggest customer of gold, were on the side lines on Thursday as a poor rupee, which hit its minimum in four months, outweighed poor feeling in the offshore markets.

The most-active gold for June delivery on the  MCX (Multi Commodity Exchange) was 0.12 percent 29,220 rupees per 10 grams helped by a weaker rupee.

Revenue are not according to objectives because of the rupee, and this scenario will proceed.
Most jewelers are completely supplied after lower-than-expected revenue on excellent Akshaya Tritiya, which dropped on Apr 24. Sales dropped 50 % to 10 lots on the celebration day.

MCX GOLD June agreement was dealing at Rs 29201.00 up Rs 9.00, or 0.03%. It moved an intraday great of Rs 29225.00 and an intraday low of Rs 29113.00.

MCX GOLD Aug agreement was dealing at Rs 29565.00 up Rs 5.00, or 0.02%. It moved an intraday great of Rs 29584.00 and an intraday low of Rs 29510.00.

MCX SILVER May agreement was dealing at Rs 55308.00 up Rs 161.00, or 0.28%. It moved an intraday great of Rs 55339.00 and an intraday low of Rs 55032.00.

MCX SILVER July agreement was dealing at Rs 56773.00 up Rs 25.00, or 0.04%. It moved an intraday great of Rs 56810.00 and an intraday low of Rs 56567.00.

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