MCX Expert Tips

Gold Highlights ---
Increasing wants further financial reducing from the US Government Source in addition to weak point in the US dollar index led gold costs to trade higher in the worldwide markets today. In addition to this, rising crude oil costs also enhanced the inflation-led demand for gold which reinforced further benefit in costs. Decline in the Indian Rupee led MCX Gold Oct agreement to rise and hit its all time high of Rs.31,090/10 gms.

Silver Highlights ---
Spot silver increased around 0.6 % until 2.40 pm IST t yesterday mainly taking hints from rise in gold prices and a sluggish dollar index. However, combined market emotions to cap it distinct profits. The steel hit an intra-day great of $31.25/oz and was hanging around $30.95/oz until 2.40 pm IST. However, Rupee decline led MCX Silver Sept agreement to increase more than 1 % and touch an intra-day great of Rs.58,444/kg until 2.40 pm IST yesterday. Holdings in the iShares Silver Trust, the biggest silver-backed etf, decreased by 0.9 % to 9821.80 lots on Twenty fourth Aug 2012 as against 9732.31 lots on Seventeenth Aug 2012.

MCX GOLD : -
Sell          30570,
Stop loss     30630,
Target         30510.

MCX SILVER : -
Sell         56200,
Stop loss     56500,
Target         56100.

MCX COPPER : -
Sell below     423.50,
Stop loss     425.50,
Target         421.50.

MCX CRUDE OIL : -
Sell          5400,
Stop loss     5430,
Target         5360.

Gold :---
On weekly basis, Spot costs of Gold thrown between gains and losses and settled 0.1 % lower on Friday.  The gold touched a weekly low of $1,589.69/oz and closed at $1,615.3/oz on Friday.  In the domestic market gold costs improved 0.4 % in the the other day.  Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, improved by 1.32 % and stood at 1274.739 lots till Aug 17, 2012 as against 1258.15 lots in weeks time ended Aug 10, 2012.
Points that influenced gold prices :—
1.    Strength in the US Dollar Index (DX).
2.    Weak economic data from the China.
Expectation of incitement measures from the major countries which shock absorbing sharp fall in the prices and positive declaration by the In in german Chancellor Angela Merkel backing European Central Bank’s conditional plan of bond buying.
Spot Gold : Support 1610/1594 Resistance 1631/1647. (CMP: 1621.26)  Buy MCX Gold October between 30,080-30,060, SL-30,000, Target - 30,250/30,350 (CMP : 30200 ).

Silver :---
Spot Silver costs dropped 0.1 % in the the other day .  MCX Silver increased 0.2 % in the the other day due to decline in the Indian rupee. The white metal moved a every week low of $27.5/oz and shut at $28.05/oz while in the domestic industry MCX silver costs shut at Rs.53,610/kg after in contact with a high Rs.53,890/kg. Mixed global industry emotions. Benefit in the base materials shock absorbing sharp fall. While strength in the DX applied downside pressure.
Factors that influenced copper prices :----
1.    Mixed international market emotions. Benefit in the platform materials shock absorbing distinct fall. While strength in the DX applied disadvantage pressure.
2.     However, anticipations of incitement actions along with good declaration from the In in german chancellor to back connection purchasing plan of the ECB reinforced an benefit in the costs towards the end of the week.
Buy MCX Silver September between 53,350-53,300, SL-52,900, Target - 54,230.(CMP: 54624) Spot Silver : Support 27.82/27.58 Resistance 28.43/28.81 (CMP: 28.80)

GOLD  - OCT -
MCX Gold Oct a week ago after created a reasonable assistance 29754 lastly created a high 30072 and handled to close above 30000 indicate, which indicate short-term upside.
For this week: Consider assistance 29900, trading continually below... disadvantage focus on... thereafter more disadvantage. Higher-level level of resistance is 30300-30400 watch out. As per per month data, final assistance quit.

SILVER  - SEP -
MCX Silver September. open with flate note but created a low 53032 and lastly cross-over their level of level of resistance 53623 and created a high 53733 and shut below 53483.
For this week: Consider Pattern decider 53423 and assistance 53000, crack and business below... it will take assistance... thereafter more disadvantage higher-level stage of resistance 54000 observe out.

COPPER  - AUGUST -
Last week it was described in this pillar that below 424 promoting chance and lastly created a low 411.70 and lastly created shut at 415.09.
For this week: We may consider resistnce 417-420 and 424, cross-over it will display durability, disadvantage last as finall assistance quit thereafter no cost drop up to 380 mark.

NICKEL – AUGUST -
MCX Aug Nickel lastly damaged their assistance level 900 and 870 and made a low 945 as described the other day as long as below 900 keep give preference to to continue.
For this week: In this consider stage of resistance 870-880 variety and assistance 840 crack and business below further weak point, higher-level untill or unless it will not combination 900-920 with amount and included start attention do not think to long-side.

GOLD mini Mcx Sep : -
Technical Levels
R3     30060/30120
R2     29880/30000
R1     29840
Pivot     29760
S1     29670/610
S2     29560/500
S3     29420/360

SILVER Mcx Aug : -
Technical Levels
R3     55100-200
R2     54400/54800
R1     53700/53800
Pivot     53300
S1     53000-52600
S2     52100-51100
S3     50600/49600

COPPER Mcx Aug : -
Technical Levels
R3     426
R2     423/424
R1     418-419
Pivot     415
S1     413/411
S2     410.60/408.70
S3     406.90

CRUDEOIL Mcx Aug : -
Technical Commentary
Technical Levels
R3     5300/5270
R2     5240/5210
R1     5180
Pivot     5150
S1     5080/5050/5000
S2     4970/4940
S3     4920/4870

NATURAL GAS Mcx Aug : -
Technical Levels
R3     182/187
R2     172/175/170
R1     165/167/171
Pivot     162
S1     158/155/151
S2     151-47
S3     146/144

GOLD Mcx Sep : - Costs have been dealing with a recovery method. Even though for intraday, to create sure this declaration prices still need create strong deals above 29840 area for an up pushed towards 29910/30000 or even more. On the other part, 29670 area could be an early indication of fresh selling towards 29610/560 or even more towards 29400.

SILVER Mcx Aug : - As long as costs remain above 53400-53500 area anticipate a immediate  increase towards 53800 followed by 54400 stages. Surprising offer off below 53300 could take costs reduced but such  Goes are least predicted the day.

COPPER Mcx Aug : - Existing technical formation is not much amazing for significant rallies or liquidation. For the day too we anticipate a uneven dealing period inside 420-415 stages with light adverse bias.

CRUDEOIL Mcx Aug : - As long as 5120 region maintains the disadvantage level, costs look threatening in support of bulls towards 5200/5220. Above 5220 could focus on costs purpose of 5240/5270. On the opposite, a crack of 5120-20 could see costs solving towards 5070/5030-20 levels.

NATURAL GAS Mcx Aug : - Observing selling bias could continue to persist only below 158 area and such goes may find assistance at 156 first of all then at 152 area. Meanwhile, lack of ability to business below 158 area could produce intraday purchasing attention towards 162/166. But, significant rallies seen only above 166 region.

GOLDPETAL costs on MCX were dealing smooth. At 16:02 hrs MCX GOLDPETAL Aug agreement was dealing at Rs 2987.00 up Rs 3.00, or 0.11%. The GOLDPETAL amount shifted an intraday great of Rs 2991.00 and an intraday low of Rs 2986.00. So far 13454 agreements have been exchanged. GOLDPETAL costs have shifted up Rs 47.00, or 1.62% in the Aug sequence so far.

At 16:02 hrs MCX GOLDPETAL Sept agreement was dealing at Rs 3004.00 the same. The GOLDPETAL amount shifted an intraday great of Rs 3011.00 and an intraday low of Rs 3005.00. So far 7312 agreements have been exchanged. GOLDPETAL costs have shifted up Rs 6.00, or 0.16% in the Sept sequence so far.

At 16:02 hrs MCX GOLDPETAL Oct agreement was dealing at Rs 3021.00 the same. The GOLDPETAL amount shifted an intraday great of Rs 3025.00 and an intraday low of Rs 3021.00. So far 278 agreements have been exchanged. GOLDPETAL costs have shifted down Rs 17.00, or 0.58% in the Oct sequence so far.

Indian base materials costs can face another circular of dull start on Monday due to affordable costs on London metal Exchange amid slow physical demand and weak economic indicators from China, the U.S. and the euro zone. The markets will be looking forward to non town pay-roll numbers that can act as a induce for the metals. LME Copper was again trading below its last day ending rates. The metal was seen at $ 7347 per tonne, as against $ 7393 per tonne on Monday.

The objectives from Fed were not met once again as the company provided no symptoms for fresh incitement. The fall in PMI of Chinese suppliers previously this week already reduced the assurance of metals. Chinese suppliers formal Purchase Manager's Catalog (PMI) dropped to a eight 30 days low of 50.2 in July compared to 50.1 in the 30 days of June. Western organization Eurostat said that 17 country Dollar area lack of employment was standing at 11.2% in May. Native indian Birdwatcher is likely to start below Rs 410 per kg on MCX, that will start in a few minutes. MCX Copper shut at Rs 411.5 per kg on 2 Aug 2012, down 1.1%. MCX Dime shut at Rs 870 per kg, down 1%.

MCX GOLD
International: Major Support at USD1540. Bullish till USD1615.
Domestic: Buy above 30020, Stop loss 29940, Target 30110.

MCX SILVER
International: Major Support at USD26. Bullish above USD28.
Domestic: Buy above 53000, Stop loss 52700, Target 53300.

MCX COPPER
Domestic: Buy above 412.50, Stop loss 410, Target 415.

MCX CRUDE OIL
International: Major Support for WTI at USD82 Bullish above USD 90
Domestic: Buy above 4940, Stop loss 4910, Target 4970.

GOLD Mcx Sep : -
Present increase move in costs may not be achieved as long as if hats the benefit hurdle of 30030 area and such ruined goes may find support at 29850/800 or even reduced to 29750. Anyhow crack above 30020 area could increase fresh buying towards 30110/30250.

SILVER Mcx Aug : -
The reactionary jump from 53100 region has overshadowed the keep efforts. But on later period present short protecting move may be limited until it combination above 53500 region and such unsuccessful goes could flow lower towards the assistance of 53100/52600. Successful deals above 53500 region could range up costs with a calculated purpose of 53800/54200.

COPPER Mcx Aug : -
Even though wide pattern is bearish, expect a short protecting move if prices cannot cut below 414 and such goes may test the benefit area of 417/420. On the other side, stable deals below 414 could encourage fresh selling pressure towards 412/410.

CRUDE OIL Mcx  Aug : -
Beginning deals are required to be northbound with a restricted focus on of 5010 initially. Further clean rallies will be activates only a strong crack out of 5020 area that could focus on 5060 then to 5100. Nevertheless, did not crack above 5030 area could sell clean purchasing and find support at 4950/4910 or even lower to 4870 region.

GOLD Mcx Sep : -
Technical Levels    
R3     30500
R2     30310/460
R1     300160/30230
Pivot     30060
S1     29980/870
S2     29760
S3     29630/29540

SILVER Mcx Aug : -
Technical Levels
R3     55600/56200
R2     55100-200
R1     54400/54800
Pivot     53700
S1     53400
S2     52600-52100
S3     51100/49600

COPPER  Mcx  Aug : -
Technical Levels
R3     429.20/430
R2     426.10/427
R1     424
Pivot     421.90
S1     420/417.9
S2     417.40/415
S3     412/410

CRUDEOIL Mcx  Aug : -
Technical Levels
R3     5220/5170
R2     5140/5105
R1     5060/5035
Pivot     4960
S1     4930/4880
S2     4845
S3     4815/4760