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.

SILVER – SEPT -
MCX July price last week lastly damaged significant support level 53400 and created a low 52220 and lastly created a shut at 52740.
For this week : Small trading range and support 52100 then 51100 , level of resistance 53400-54100 decisively cross-over with amount and included open interest temporary up side. Major Resistance 56100.

GOLD – AUGUST -
MCX Gold aug as seen in a week ago made a high 29678 later costs dropped considerably towards 29161, which is near to powerful assistance level and lastly handled to shut at 29263.
For this week: We expect in this week Gold price find assistance 29000 and decisively crack below further promoting towards 28751 then 28500 advanced level level of resistance 29500-29600 observe out thereafter more benefit. Major level of resistance 30400 keep in mind.

COPPER  - JULY  -
The other day it was a small trading range between 426 to 413 variety and found some support at lower level.
For this week: We may consider level of resistance 430-434 variety and support 416-418 then 408-411, thereafter anxiety promoting up to 400 likely. Continual above  it will shift towards 450 plus.

CRUDE – JULY -
MCX Crude July price seen sensible restoration from last week and ongoing to follow up, buying led to it making a higher 4816 and lastly handled to close at every week great showing ready to clean up-move.
For this week: We may consider level of resistance 4800-4810, thereafter... more benefit, downside support 4710-4720 and continual below disadvantage may analyze 4640, thereafter sign that move over and be get ready for big fall.

"Today MCX Commodity Tips"
GOLD Mcx Aug : -
Technical Levels
R3     29750/29830
R2     29550/29680
R1    29410/470
Pivot     29320
S1     29240/29150
S2    29020/28940
S3     28830/28710

SILVER Mcx Aug : -
Technical Levels
R3     55210/56310
R2     54100/54700
R1     53100/53600
Pivot     52700
S1     52200-52100
S2     51100/49600
S3     48400/45500

COPPER Mcx Aug: -
Technical Levels
R3     434.50/438/441
R2     432/433
R1     428/430.50
Pivot     426
S1     423/421/417
S2     411/409
S3     407/404

CRUDEOIL Mcx July : -
Technical Levels
R3     5144/5080
R2     5030
R1     4960/4920
Pivot     4820
S1     4776/4735/4705
S2     4640/4615/4575
S3     4515/4465/4365

GOLD Mcx August :-
Costs have been dealing in a limited variety without much route . Even in this difficult state, weak point could increase only below 29150 area, else keep the same for short protecting move towards 29340/29410 or even greater towards 29560. But shock drop below 29150 area may kindle clean promoting towards 29020/29870.

SILVER Mcx Aug :-
Uneven dealing inside 53100-53340 stages have been growing since the day period. For the day, while costs stay above 52710 further increase towards 53540/54100 is preferred, else would call for promoting stress towards 52100 originally followed by 49100/48500 stages later.

COPPER Ncdex/Mcx/ Aug :-
Falls likely to find support near 421 followed by a merging and flow cost greater. However, an surprising convert reduced below 420 would hole our intraday favorable objectives and take costs lower.

NICKEL Mcx July :-
The turn around experienced from 894 likely to boost towards 901 originally, which if eliminated could increase the emotions towards 911/917 or even more. A immediate dip below 892 would be needed to hole such objectives and move costs lower.

LEAD Mcx July :-
Prices are continuously upcoming towards good area, as it is dealing above 22 day EMA support at 103 stages. But the reactionary shift may lasts only up to 104.10 stages, where the 45 day EMA level of capacity cap it the upwards shift. However, if costs smashes the same may see a development of costs towards 103.80 followed by 105.90 stages. On the other side, not successful efforts to business above 104.80 could turn the reverse to a dealing uneven session.

CRUDEOIL Ncdex/Mcx/ July :-
After yesterday’s goes, costs are looking attractive for an benefit force if it smashes above 4814 area continually focusing on stages of 4861/4896. On the other hand, costs have to splinter past 4774 area originally to test stages of 4744/4714 and even lower towards 4684 region.

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GOLD  AUGUST -
MCX Gold Aug as seen in a week ago made a high 28837, later costs dropped dramatically towards 29446, which is near to powerful assistance level and lastly handled to shut at 296628.
For this week: We expect in this weeks time Gold cost to find assistance 29300-29400, provided that keep this stage up-move to proceed, higher-level level of resistance 29700, business and continual above it will shift towards 29800-30100.

SILVER  SEPT -
MCX July price the other day lastly split significant assistance level 54100 and made a low 51910, which indicates short-term pattern is bearish and offer on increase stratregy.
For this week: Small trading variety and assistance 52800 and level of resistance 54100-54500 observe out.

COPPER JULY -
Last week it was a small trading range between 434 to 424 range and find some support at lower level.
For this week: We expect up-move to proceed in this commoidty and deccline to purchasing chance. We may consider assistance 418-420 variety and crack and business below further weak point up to 411 whereas the purchasing chance. Higher-level stage of resistance 436-441 to look at out.

CRUDE JULY -
MCX Crude July price seen sensible recovery from a week ago and continue follow-up purchasing led to it making a high 4898 and lastly shut at 4731.
For this week: We may consider level of resistance 4910-4920 and assistance 4720 observe, once crack and business below donw part likely.

GOLD Mcx August :  -
Costs likely to shift greater originally towards 29870 area for a drawback which could originally find assistance at 29710/590 or even reduced towards 29480. But successful goes above 29870 area could raise up prices further towards 29980/30110.

SILVER Mcx Aug :  -
As long as costs stay above 54310 good prejudice preferred and likely to improve the purchasing strength towards 54810/55210 or even more for the day. A immediate drop below 53110 could negate such bullish sentiments and drag prices lower.

COPPER Ncdex/Mcx/ Aug : -
Continuous candlepower unit development is helpful for bulls but it needs to be cleaned the powerful benefit of 431.40-434 areas to continue powerful short protecting rallies. On the other hand a immediate dip below 423 would be a indication of promoting stress again.

NICKEL Mcx July : -
Initial falls if organised near 936 costs have room for a increase towards 946 followed by 953/963 stages. Constant investments below 927, emotions will be poor again.

CRUDEOIL Ncdex/Mcx/ July : -
As long as costs remain above 4820, pattern seems to be switching in support of bulls. The costs activity is likely to find preliminary level of resistance around 4910 area to improve the fluff run towards 4980-5000 area. On the in contrast, a crack below 4820 could see costs inching reduced towards 4790-45/4730 stages for the day.

NATURAL GAS Mcx July : -
Last daily strong goes determine the use of purchasing attention. But for the coming period, 164-165 area has to give way for repairing our favorable emotions towards 169/173.At the same time, unable to break the area of 165 could sell our purchasing attention and could find support at 158/155.

GOLD Mcx July : -
Existing sellng bias likely to continue to persist for the day, But we cannot guideline out the likelihood of an preliminary force towards 29530 area for a move reduced towards 29320/200 or even more. But crack above 29570 area could raise up costs towards 29670/730, which we least anticipate for the day.

SILVER Mcx Aug : -
Prices have been sailing in keep get away, which is likely to continue to persist towards 52500/52000 followed by 51700. Even in this tiresome perspective, surprising increase above 53800 area could obvious up our bearish perspective and discover level of resistance at 54100/54600 or even greater towards 55000.

COPPER Ncdex/Mcx/ Aug : -
As long as 422/423 area maintains support, anticipate a pullback towards 425.51 stages. If this area is breached a prospective focus on of 427 could be on cards. However, a drop past 422 could focus on 420/420.20.

NICKEL Mcx July : -
Costs could start a powerful pullback if continually business above 931 focusing on 937/943 stages. Otherwise, a pitfall originally towards 925 followed by 917 could be on cards.

LEAD Mcx July : -
Costs were in recovery function after it made a low of 102.30 stages on Wed, currently flying near 102 stages. These days, We predict to see a recovery, if prices crack above 102.10 stages and trying to see a focus on of 103 followed by 103.20 stages in the immediate run. But retaining above 103.20 is complicated as a result of the use of firm level of resistance is placed at that level. On the lower side, crack of 101 stages may induce a clean promoting pressure.

ZINC Mcx July : -
As we predicted last night, short protecting move was on advance. For the everyday period, we anticipate to see the same pattern to proceed until it gets to the 45 day EMA level of resistance of 103 stages. However, incapable to exceed above 104.1 may opposite the existing benefit strength and see costs to turn reduced towards 102.3 followed by 101.20 stages, which is less predicted for the day.

MCX SILVER July agreement was dealing at Rs 53101.00 up Rs 204.00, or 0.38%. The SILVER amount shifted an intraday great of Rs 53164.00 and an intraday low of Rs 52553.00. SILVER costs have shifted down Rs 16983.00, or 24.22% in the July series so far.

MCX SILVER Sept agreement was dealing at Rs 54400.00 up Rs 220.00, or 0.40%. The SILVER amount shifted an intraday great of Rs 54458.00 and an intraday low of Rs 53864.00. SILVER costs have shifted down Rs 5998.00, or 9.92% in the Sept sequence so far.

MCX SILVER Dec agreement was dealing at Rs 56051.00 up Rs 211.00, or 0.37%. The SILVER amount shifted an intraday great of Rs 56051.00 and an intraday low of Rs 55561.00. SILVER costs have shifted down Rs 6961.00, or 11.06% in the Dec sequence so far.

MCX GOLD Aug agreement was dealing at Rs 29996.00 up Rs 153.00, or 0.51%. The GOLD amount shifted an intraday great of Rs 30018.00 and an intraday low of Rs 29761.00. GOLD costs have shifted up Rs 236.00, or 0.81% in the Aug sequence so far.

MCX GOLD Oct agreement was dealing at Rs 30200.00 up Rs 142.00, or 0.47%. The GOLD amount shifted an intraday great of Rs 30311.00 and an intraday low of Rs 30076.00. GOLD costs have shifted up Rs 1351.00, or 4.65% in the Oct sequence so far.

MCX GOLD Dec agreement was dealing at Rs 30610.00 up Rs 131.00, or 0.43%. The GOLD amount shifted an intraday great of Rs 30610.00 and an intraday low of Rs 30371.00. GOLD costs have shifted up Rs 1300.00, or 4.42% in the Dec sequence so far.

European shares are dealing on a positive observe on the back of news that The spain will sign memorandum of understanding for its organized financial save package somewhere around Twenty-first June and European Nation peak organized on Twenty eighth May. Asian markets finished on a negative observe and US stock futures trading are dealing in green.

MCX Copper Jun futures trading is dealing in negative area these days. MCX Copper Jun future prices were under pressure these days. MCX Copper started out these days at Rs 427.50 near to its previous ending of 427.95. It is dealing at the moment at Rs 424.80 down by 0.80% per Kg.

MCX Aluminum May futures continues to remain subdued on global trends opening at  Rs 111.10 and is trading flat at Rs 109.75 against its previous closing of Rs 109.75

The worsening debt crisis in Spain is constantly think about on markets . Aluminum’s powerful durability indicates it will continue to stuck though. MCX Aluminum is predicted to stay between 5-day and 10-day going earnings. Reviews that the China govt will launch a sequence of incitement guidelines will assistance the prices of Aluminum. Currently the provide side is aiming towards the need and with China non-urban vehicle subsidy, may allow some profits. Even identify action has enhanced and may control much disadvantage and at MCX, profits might be experienced due to rupee factor.

MCX Gold futures are expected to close above 29510 on daily basis although the overal trend will remain sideways.

This week, MCX Gold August Contract opened moderately higher by 0.20 percent to 29446 on Monday morning trade.

MCX Zinc May futures is trading in sideways to positive territory. MCX Zinc May future prices opened today at Rs 104.90. It is trading in positive territory today at Rs 104.95 up by 0.61%, against its previous closing of Rs 104.21 per Kilogram.

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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....