Commodity Updates: Comex and MCX Silver Weekly Analysis

Silver rose 3.7% and reached to $31.67/ounce this week. It was third straight week when silver witnessed profit. Comex silver fascinated the traders after it broke the resistance level of $30.50 which along with the physical demand of silver boosted the prices in Exchange as well.

Technically comex silver is in upward phase and prices are likely to go up in current week as well. Last week Silver managed to prevail the higher level and finally closed near its week high. For upcoming week $27.5-$26 are acting as crucial support level while resistance levels are $34-$35.50.

MCX Silver march contracts settled up near 55500 and its is likely to face a stiff resistance of 56000. Traders can adopt buy on dip strategy in MCX Silver.

Commodity MCX News and Updates: Gold Silver Trend Today

MCX Gold and Silver are trading Up today. With gain of more than 2.5%, MCX Silver is trading near 53750 and likely to touch 54000 soon while mcx gold is up by nearly 1%.

Meanwhile The Indian government has increased import duty on Gold and Silver metals.

MCX crude is also trading with moderate gains. A consistent trading above 5140 may result in a rise of crude prices till 5170-5200 today.

Copper is trading near its next resistance level of 422.50. Traders can go for Buy in Copper commodity.

MCX Silver and Gold New and Updates for Today

Gold and Silver commodities are trading lower on MCX. Silver futures has slipped more than 1% in domestic market amid weakening global trend. European Debt crisis has resulted in an increased demand of precious metals which turned the market sentiments into negative.

MCX Gold (Feb) is currently trading below 27500 after touching a day low of 27416 .

MCX Silver and Gold Trend Today and Trading Tips

The day started with a slight fall in Gold while Silver has climbed up sharply. MCX Gold (Feb Futures) is trading near 27500 while silver with a gain of nearly 1.4%, is trading around 52500 level. Comex gold is trading higher so we can expect prices in MCX to raise during evening trades. So traders can buy gold above 27530 for targets of 27600-27700-750. Silver may take a rally towards 53200-53500 above 52750.

MCX Commodity Updates for Today: Copper and Silver declined

After a positive trading session for a while, Gold prices witnessed corrective selling and subdued the positive trend. Silver On MCX is trading lower with a loss of nearly 1%. Below 52500, a short selling is suggested in Silver MCX. Copper has also declined and trading around its support level of 409. a trade below this level may invite more downside in copper commodity. As far as prices prevails the 409.50 level, copper may regain the bullish momentum again.

MCX Commmodity Updates Today: MCX Silver and Gold are Positive, Copper Crude, Oil serged again

Bullion metals are trading higher on MCX. Gold is trading around 27750-800 and prices can touch the level of 27850-900 today.

Uptrend has been seen so far in MCX Silver and this precious metal has jumped up more than 0.50 %. Trading above 53500 would yield more upside momentum in MCX silver.

MCX Crude oil is prevailing its bullish trend and it is looking forward to breach 5300 level today.

Copper prices are also in upside trend. Copper has breached the resistance of 404.50 and now heading towards 409 level.

MCX commodity Updates and commodities Trend Today

MCX Copper ended green on domestic commodity market and touched 400 mark. Today, copper may extend this positive trend steadily to run towards 403-404.50 level.

Nickel on The other hand gave up all the gains of the day and declined over 1% by the end of the day. Still Nickel is a strong recommendation for buying and we can expect prices to cover up losses today.

Gold and Silver traded lower on MCX. The precious metals are likely to prevail this trend. Crude oil again boosted up.

Commodity Gold and Slver Updates Today

MCX Gold has been in decline mode from beginning of today's trade.  Gold on MCX with the decline of more than half per cent, is trading around Rs 28660. Comex Gold in the international market also has plummeted to $1,650. Despite record growth in rupee against the dollar, weakness is not getting back to sleep. Silver trend is negative and nealy 1% decline hase been seen in domestic market, with silver trading near Rs 56000 level. Traders can sell silver below 56000 level while above 56200 Silver may witness some upside.

Commodity Gold and Silver Updates Today: MCX Tips

On MCX, selling pressure is being seen in gold. International market is having an impact on the domestic market and prices started falling down again. But Prices are still trading above 29000 mark

Silver on MCX has recovered to some extent .  In international market, Silver has gained significantly today result of which has been seen in MCX as well. In domestic market silver is trading above 55500 level. If it manages to stay above the same in consistent way, we can expect prices to touch 56000 soon.

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MCX Bullion Newsletter For Today 22nd November 2011

 GOLD FALLS AS DOLLAR FIRMS, FEAR SWEEPS MARKETS.
OIL FALLS ON GLOBAL GROWTH WORRIES, DEBT CRISIS.
COPPER HITS NEAR MONTH LOW AS DEBT WOES SPIRAL.
DOMESTIC OIL AND OILSEED TRADE STEADY.
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MCX Bullion Metals weekly Technical Report 21st To 25th Nov. 2011

STRATEGY
For the next week traders can use sell on higher level strategy if COMEX Gold sustains below 1720 $ an ounce, then  below 1710 $ it can test the level of 1690$/1670$/1645$ $ an ounce. And in MCX Gold below 28400 it can test the level  of 28200/28010/27800. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1640$ and 1580$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1900$
Major support in MCX Gold is 28000and 27100
STRATEGY
Technically COMEX Silver is consolidating on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3160$ an ounce, then below 3120$ COMEX Silver can test the level of 3060/3006/2970$ an ounce. And in MCX Silver sustains below54500 then it can test the level of 53000/52000/51000,Trade by keeping the proper stop losses.
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Commodity Daily Newsletter For 18th November 2011

GOLD DOWN 1 PCT ON EURO ZONE DEBT FEARS.
OIL FELL FROM A FIVE-MONTH HIGH ON SIGNS EUROPE CRISIS SPREADING.
LONDON COPPER DOWN ON EURO ZONE C.BANK SPAT.
INDIAN SPICES COMPLEX TRADE BEARISH.
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MCX Commodity Tips :- Gold Silver Support and Resistance For Today

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GOLD (DEC)                               SILVER (DEC)

TREND	Bullish
RESISTANCE 2	29200
RESISTANCE 1	28950
SUPPORT 1	28300
SUPPORT 2	27980
STRATEGY	Buy on lower levels

TREND	Consolidate
RESISTANCE 2	60500
RESISTANCE 1	58400
SUPPORT 1	55300
SUPPORT 2	54100
STRATEGY	Buy on lower levels

Yesterday's highlights | MCX Gold Silver Strategy For Today

GOLD TRIMS LOSSES ON ITALY NEW GOVERNMENT HOPES.
CRUDE RISES NEAR THREE-MONTH HIGH ON EUROPE SENTIMENT, U.S. INVENTORIES.
COPPER FALLS ON ITALIAN DEBT WORRIES, DOLLAR.
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MCX Bullion Trading Strategy and Tips For Today Intraday

Gold and silver trading with gains being seen today. On MCX gold is trading at Rs 28 525. and silver is trading at Rs 57299.
Crude oil has gone up today. On MCX, crude oil is trading with a gain of half per cent. The NYMEX have risen above $ 95 on crude oil.
 Intraday Call For Today
Gold: Buy from -28,800 to 28,400, stoploss below Rs -28 300, Target- 28 600
Silver: Buy above Rs -57250, stoploss below Rs -57 000, Target -58100
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MCX Crude Oil Trading Tips and Global Live Market News Analysis

Crude oil has risen sharply. On NYMEXprice of crude oil has also gone up  94 dollars per barrel . On ICE Brent Crude is trading above $ 111. The impact on the domestic market is also shown. More important is that the surge in crude WTI on NYMEX WTI the difference between the Brent and have been reduced. Around 1 per cent up on MCX Crude oil is close to Rs 4,650.
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MCX Basemetals Trading Strategy and Tips Intraday | Copper Call

Todai On MCX we has seen huge volatility in Copper. Copper trading under .5% percent Intrady it has touched more than 2% low. London Metal Exchange is on a declining trend. Copper on LME prices have gone down to $ 8,000. The collapse in Greece and the G-20 meeting today on the business impact of the copper is being witnessed.Among other base metals gained more than 1 per cent over the MCX is trading at Rs 106.
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MCX Commodity Market live News and Tips with live Price

Today in Copper we have seen sharp decline that is nearly 2% fall it come down  at Rs. 350. LME is trading under $7,000.Debt crisis in Europe and now the poor economic data from China to pressure on the copper is becoming. In other metals also trading in pressure on MCX.

Gold and Silver in starting seen fall down but now still getting profit.MCX crude oil is getting too much pressure. MCX crude oil at the moment with a fall of 1 percent at Rs 4,300 level per barrel.

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Gold Silver Trading Prediction and Newsletter for Today

Gold stead, awaits cues on Europe plan.
Oil trades near highest price in a month ahead of U.S. stockpiles.
Europe debit jitters push copper for lower side.
Domestic oil and oilseed on short covering.
Intraday gold Silver Call and Market Updates on Mobile

Silver Trading Tips For Today ...

Silver is a most volatile bullion metals  which performing best in past year, may rebound from a bearish commodity market as invesrors decide on growth in developing nations and an extended European debt crisis.

Tosay Silver prices looking down. The backdrop is still very supportive for gold and we think that silver will leverage off the back of that. Emerging markets are going to be important for demand for sure.
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