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.

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.

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.

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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 July : -
Adverse tendency is in advance provided that 29950 area hats the benefit for the day and such weak point may side down costs towards 29720/600 or even more towards 29470 stages. Even though in this hopeless image, a straight increase above 30010 area could adulterate our bearish perspective and analyze 30110/250 or even greater towards 30320.

SILVER Mcx Aug : -
Existing selling sentiments is probably to proceed towards 53500/53200 or even reduced towards 52500. Even in this bearish perspective, shock increase above 54400 area could concern our glum perspective and discover benefit area of 54700/55100 or even greater towards 55600.

COPPER Ncdex/Mcx/ June : -
As long as 421 area hats the benefit, everyday sentiments looks depressing and anticipate to see a reduced modification towards 414. However crack of 414 is required to induce significant promoting stress towards 411. On the other hand on the higher side, a rush above 424 would be an beginning indication of producing the next move towards 431.

NICKEL Mcx June : -
Intraday direction likely to be on the northern limited by positioning the disadvantage hurdle of 921 and such remedial goes may discover greater levels of 937/946 or even more. But strong investments below 921 could entice significant promoting stress towards 911/897.

LEAD Mcx Jun : -
Even though negative sentiments still lasts, a pullback move could observe towards 101.30 before the next bearish strength reemerges in the reverse. But it has to crack powerful assistance of 99 for significant drops to occur towards 96 followed by 94 stages in the near phrase. On the other part, a immediate increase of 104.30 is needed to observe the a cure for pattern in the near term.

ZINC Mcx Jun : -
A brief protecting move is on advance towards 102 stages, after it rebounded from 98 last night. For the day, we anticipate to see an preliminary restoration move towards 102 followed by a drop towards 101.3 then 100.2 stages. On the other part, surprising pullback above 102.7 could hole the bearish perspective in the near term.

CRUDEOIL Ncdex/Mcx/ July : -
Costs confronted a firm level of resistance at 4630 area in the last day dealing and this obstruction has to provide way for leading to clean purchasing towards 4684/4710 stages. For the day, we give preference to prices to business with bearish emotions towards a focus on of 4520/500 or even reduced towards 4470.

GOLD – AUGUST -
Moody's reduced the rankings of some of global greatest bank by one to three steps, showing the risk of failures to those financial institutions from investment market. Increasing concerns over debt disaster in the Money area and US Government Reserve's plan choices, encouraged traders to stay away from gold and desired protection in US dollar. MCX Gold Aug in the other day made a high of 30423 and low of 29762 with the ending of 29971. For the next 7 days, gold has level of resistance of 30345 and assistance of 29682 AND major support 29451.

SILVER – JULY -
The Silver July MCX at the other day stayed in the variety limited of 55192 to 52567. Silver in the the other day started out at 54271 with a high of 55192 and made a low of 52567 and shut at 52931. For this 7 days silver has a powerful level of resistance of 54561. In the disadvantage silver has the assistance level of 51932-51210.

COPPER – JUNE -
MCX Copper's failures faster after data revealed that China's HSBC Flash Purchasing Professionals Index, the first signal of the nation's industrial activity, dropped to a seven-month low of 48.2 in May from a final reading of 48.3 in May, as trade purchases stayed strongly in shrinkage. Birdwatcher Jun in the other day after in contact with the high of 424.42 made a low of 412.21 and closed at 417.32. For this 7 days Birdwatcher has a strong resistance of 423.72. In the disadvantage Copper have the support level of 411.54.

NICKEL – JUNE -
Nickel in the the other day after in contact with the great of 964 did not maintain at that level and came in the down trend. Dime Jun MCX in the other day made a higher of 963 and low of 923.20 and closed at 943.30. Dime this 7 days has a strong resistance of 964.40 and support of 922.82.

CRUDE – JULY -
MCX Crude: Crude Oil futures trading rallied after returned from an 8 month low, as Moody's bank downgrades were not as serious as market predicted. The Crude Oil July MCX in the other day started out at 4697 with a high of 4783 and low of 4474 shut at 4598. For this 7 days oil has a powerful level of resistance of 4762. In the disadvantage crude has a assistance level of 4454.

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