MCX Expert Tips

Gold ---
Precious metal obtained some durability on Thursday as deal seeker resurfaced after costs lowered more than 1 percent in the past time, but profits may be to cap it by a recovery in the U.S. dollars against other foreign exchange.

Base Metal ---
We considered whether the materials would see adhere to through purchasing last night and at first they did with costs mov-ing up by a typical of 0.5 % at the peaks of the day, only to then drop to be down 0.3 % by the near. Cause and dime stay the sluggish materials, with lead going below $2,000 and dime below $18,000. Birdwatcher shut down 0.43% at $8,520.
The marketplaces got favorable of Bernanke’s over stated claims on Wednesday, but perhaps the latest EU and China display manufac-turing PMI information and findings from a significant international miner factor more to what is developing. We anticipate the Fed to do what it can to keep the US restoration going, but if the international economic climate ex-US is reducing then in all actuality most steel costs are probably too great.

Crude Oil ---
The cost of oil has decreased as a number of key countries consider launching resources to improve resources.
Brent crude oil dropped $1.54 to $123.97 a gun barrel, while US lighting raw dropped more than $2 to $105.10. France ministers said they were talking about with the UK and US programs to tap oil resources to help relaxed the unstable oil cost. Results displaying a larger-than-expected improve in US oil selections also assisted force the cost down.

SILVER – May -
A week ago, intelligent restoration was seen from the stage of 56100 and lastly made a high of 57760 and handled to close at 57100. Overall short-term pattern is back and forth and advanced stage level of resistance 57760-58100 to continue, whereas the assistance is 56000, decisively crack with amount further down stress up to 54100, higher-level level of capacity offer side.

GOLD - April -
As mentioned the other day, disadvantage assistance 27710 and from the stage of 27751 it shifted back and finally made a high of 28155 and managed to shut above 28100. Now in this weeks time, consider assistance at 28100; decisively break with volume further disadvantage open up to 27800, higher-level level of resistance at 28400 to look at out. However the other day, rupee fall against the dollar and assistance home gold prices. Downside, closely look at assistance stage of 27400-27800.

CRUDE – APRIL -
As described the other day, continual above 5450, distinct move and it did it and lastly made a high of 5625, but due to revenue arranging it again came down and lastly handled to carry above 5440. Overall pattern is favorable as long as carry 5400 level. In this weeks time, carefully watch 5625. Change to sell side.

NICKEL – MARCH -
Advanced stage promoting to proceed. Last week after making a high of 963, it made a low of 934. Offer on increase to proceed as long as below 960 stage... disadvantage focus on 900 to look at out.

The oil industry was combined Wednesday with May WTI propped up prior to its expiration nowadays, while Brent melted. There was combined prospects in oil product industry, as energy outperformed the oil complicated, while middle-distillates lagged. The phrase components of Brent, ICE energy and Nymex warming oil stressed, motivated by lower smooth costs. The durability in the US energy industry has been obvious as the industry is concentrating on a much-reduced improving potential along the new england of the US.
Not present of significant financial information produces, the oil industry is likely to put more concentrate on the regular stock information from the US. As of last week, complete US professional oil selections, such as raw, completed items and advanced items, actually was at their maximum level in five years, and 13mb above the past history set last season. While US energy and distillates selections are close to their 5-year regular stages, selections assessed by times of provide are much higher than their 5-year earnings, due to dropping need. In the case of US energy, selections assessed by times of provide, have been establishing new history season peaks since the starting of this season.
Despite quite wide everyday trading varies since the starting of the Calendar month, front-month Brent and WTI have modified less than $2/bbl since the starting of this Calendar month. Consequently, recommended movements in both agreements have dropped further. We do not anticipate this relatively relaxed industry circumstances to last long as the oil industry helps itself for possible treatments or even bumps. We start to see recommended movements being underrated, particularly at the front-end of the phrase framework. We sustain our bearish prejudice towards the time propagate of Brent, while we anticipate oil items to outshine raw in the near phrase.
Since the oil cost continues to be warmed, both makers and customers showed up to step up their initiatives in dealing with the situation. Chinese suppliers brought up its home store costs and energy and diesel fuel by over 6% from nowadays. Furthermore, Saudi promised to bring the cost down to "fair levels". The industry should take observe as Saudi certainly has the most effect on the oil industry. As we mentioned in the Concentrate area nowadays, the industry should anticipate an improved effort from Saudi and the US to relaxed the oil industry.
• Crude Mcx Apr Assistance @ 5365-5320-5266 Level of resistance @ 5440-5506-5548.
• Natural Gas Mcx Mar Assistance @ 117-115-114 Level of resistance @ 119-120-123

The information of a combined attempt between the US and the UK to launch their oil supplies was later marked by White House authorities as "inaccurate", rather than a immediately refusal. We believe the ability of a source launch is great if oil costs don't come off more from here. It would be just a matter of time and what aspect will lead to the discharge - will it be activated by further real provide disorder or by governmental ulterior purposes. We do not think a source launch is a maintainable remedy to acquire oil costs. But once it is declared, it'll certainly lead to an immediate distinct cost drop, which will power the long position owners to hurry to the entrance and improve a further cost drop in the temporary. This is rather obvious from the "flash crash" in oil costs during early May last season and cost activities following the source launch in May last season.

• Petrol oil shares in the ARA location and Singapore increased further the other day with ARA shares reaching the best level since 2008 and the shares in Singapore at the great end of its five-year range. However, center distillate shares in the two parts dropped and lighting distillates also authorized a decrease. The switch in oil product shares is likely to keep weighty raw under stress relatively to lighting raw. Consequently, we anticipate Brent/Dubai propagate to expand further.

• Financial information from the US last night continued to be encouraging for the oil industry as Kingdom Developing study and Philadelphia Fed study both defeated industry anticipations and weeks time job review continued to be on a good velocity. Yet again, the oil industry never move on these good information as per the cost activities since last Exclusive. The move since the starting of Feb has already been greatly over-stretched and is late for a significant modification to the disadvantage. For now, we continue to see the industry as a good manufacturer securing chance, on great substitute costs and low movements.

• Primitive Mcx Apr Assistance @ 5405-5386-5374 Level of resistance @ 5437-5450-5460.
• Natural Gas Mcx Mar Assistance @ 115.31-114.78-114.15 Level of resistance @ 116.73-117.41

Gold extended gains on Friday as the euro rebounded against the dollar, but the precious metal was heading for its third straight week of losses as a brightening economic outlook in the United States prompted investors to park their money elsewhere.

Although the US dollar took a breather after a rally, the uptrend was seen unbroken after the Federal Reserve offered no clues whether it plans to buy any more major assets to keep interest rates and borrowing costs low -- a move which would lift bullion's safe-haven appeal.

European markets traded on a mixed note today, ahead of the US economic data to be released later in the evening. US unemployment claims are expected to decline by 5100 to 357,100 in the last week. If the data comes as expected then this may provide support to the commodities.
The Reserve Bank of India (RBI) holds repo rate steady at 8.5 percent and reverse repo rate unchanged at 7.50 percent as expected, underscoring its concern about inflation following the sudden spike in global oil prices even as economic growth has turned slow. India's central bank keeps banks' cash reserve ratio unchanged at 4.75 percent.

Spot gold prices increased by 0.3 percent today taking cues from a weaker dollar. The yellow metal touched an intra-day high of $1648/oz and was hovering around $1645/oz. On the MCX, gold April contract increased by 0.4 percent on account of a weaker Rupee and was trading at the level of Rs.27,541/10gms.

European market are trading higher today before FOMC meet. Additionally, ideal economic information from Dollar Location front and objectives of positive information from the US also led to development of risk hunger in the international marketplaces.

Furthermore, reducing stress over Dollar Location debt problems after the finance ministers accepted a second save for Portugal, thus cleaning the highway for the first payment from the 130 billion- Dollar program to be made this 30 days.

Officials are required to provide a official acceptance on 14 Goal. Portugal had to recognize on powerful budget reduces and realization sovereign debt reorientating in order to get this bailout.
Spot precious metal prices dropped by 0.3 % these days taking hints from a more powerful dollars. The gold moved an intra-day low of $1690/oz and was flying around $1691/bbl . On the MCX, Silver May agreement dropped by 0.5 % and was trading around Rs27,837/10gms.

Taking hints from fall in precious metal costs and a more powerful dollars, spot precious metal costs decreased by 0.4 % today. The white steel moved an intra-day low of $33.34/oz and was trading around $33.38/oz . MCX precious metal May agreement decreased by 0.3 % and was flying around Rs58,241/kg

MCX SILVER May agreement was dealing at Rs 58743.00 down Rs 30.00, or 0.05%. It moved an intraday great of Rs 59074.00 and an intraday low of Rs 58624.00.

MCX SILVER July agreement was dealing at Rs 60098.00 down Rs 26.00, or 0.03%. It moved an intraday great of Rs 60385.00 and an intraday low of Rs 60010.00.

MCX SILVERM April agreement was dealing at Rs 58786.00 down Re 1.00, or 0.00%. It moved an intraday great of Rs 59050.00 and an intraday low of Rs 58655.00.

MCX SILVERM June agreement was dealing at Rs 60164.00 up Rs 27.00, or 0.03%. It moved an intraday great of Rs 60398.00 and an intraday low of Rs 60017.00.

MCX GOLDM April agreement was dealing at Rs 27981.00 down Rs 12.00, or 0.04%. It moved an intraday great of Rs 28060.00 and an intraday low of Rs 27964.00.

MCX GOLDM May agreement was dealing at Rs 28164.00 down Rs 13.00, or 0.04%. It moved an intraday great of Rs 28251.00 and an intraday low of Rs 28151.00.

MCX GOLDM June agreement was dealing at Rs 28353.00 down Rs 7.00, or 0.02%. It moved an intraday great of Rs 28423.00 and an intraday low of Rs 28336.00.

MCX SILVERM April agreement was dealing at Rs 58706.00 up Rs 251.00, or 0.42%. It moved an intraday higher of Rs 58940.00 and an intraday low of Rs 58560.00.

MCX SILVERM June agreement was dealing at Rs 60052.00 up Rs 238.00, or 0.41%. It moved an intraday higher of Rs 60297.00 and an intraday low of Rs 59930.00

MCX GOLDM April agreement was dealing at Rs 28024.00 up Rs 56.00, or 0.21%. It moved an intraday higher of Rs 28065.00 and an intraday low of Rs 28004.00.

MCX GOLDM May agreement was dealing at Rs 28212.00 up Rs 52.00, or 0.18%. It moved an intraday higher of Rs 28251.00 and an intraday low of Rs 28192.00

MCX GOLDPETAL March agreement was dealing at Rs 2797.00 down Rs 5.00, or 0.17%. It moved an intraday higher of Rs 2812.00 and an intraday low of Rs 2788.00.

MCX GOLDPETAL April agreement was dealing at Rs 2827.00 down Rs 2.00, or 0.06%. It moved an intraday higher of Rs 2834.00 and an intraday low of Rs 2814.00.

MCX GOLDPETAL March agreement was dealing at Rs 2801.00 up Rs 5.00, or 0.20%. It moved an intraday higher of Rs 2805.00 and an intraday low of Rs 2797.00.

MCX GOLDPETAL April agreement was dealing at Rs 2828.00 up Rs 7.00, or 0.27%. It moved an intraday higher of Rs 2833.00 and an intraday low of Rs 2821.00.

MCX GOLDPETAL May contract was interacting at Rs 2853.00 up Rs 4.00, or 0.17%. It shifted an intraday greater of Rs 2856.00 and an intraday low of Rs 2848.00.

MCX SILVERMIC April agreement was dealing at Rs 60377.00 up Rs 60.00, or 0.11%. It moved an intraday higher of Rs 60616.00 and an intraday low of Rs 60213.00.

MCX SILVERMIC June agreement was dealing at Rs 61600.00 up Rs 31.00, or 0.04%. It moved an intraday higher of Rs 61975.00 and an intraday low of Rs 61204.00.

MCX SILVERMIC August agreement was dealing at Rs 62911.00 up Rs 32.00, or 0.06%. It moved an intraday higher of Rs 63399.00 and an intraday low of Rs 62700.00.

GOLD – April -
Overall trend is side ways... But any decline to buying opportunihttp://www.blogger.com/img/blank.gifty. Last week it was gained almost 800 points from the low of 28130, so some consolidation. Possibilities of further up move likely in coming days... hold long position.
SILVER – May -
Looks good and decline to buying opportunity. As already closed of 60000 mark in May series and continuously sustained above 61000, bears will square short and bulls may likely long. We may consider support 59100-58400 as long as hold bull move continues.
COPPER – APRIL -
As mentioned last week, below 420 likely to test 420 and it made a low 413 and managed to close above 421. Looks good and ready to upside... Crossover 425 with volume unexpected move.
CRUDE – MARCH -
Overall trend is very bullish... and as long as hold 5300 mark no problem for bulls, decline to buying opportunity and hold existing long.
NICKEL - MARCH –
As mentioned last week - 1020 is a major hurdle... Downside support 960 close to watch out.