Global Commodity Market outlook For Gold and Silver

Due to Global news Gold Prices may touch $2000 an ounce. The European central Bank wll have to create more money to assist the debt burden in Europe, and that will be good for
gold," said Standard Bank analyst .Gold should therefore continue to profit from the persisting high uncertainty," said Commerzbank in a note.   
The euro was slightly higher on the day, changing hands at $1.3641 and staying above a one-month low of $1.3484 touched on Thursday. For the week, the euro is still down about 1.5 percent.

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MCX Bullion Market Analysis and Tips for Today

Gold trading is slow today. While silver is a declining trend. International market is trading strongly with the gold, the silver has been in decline.  on COMEX  gold trading at 1,764 dollars per ounce with up 0.3 percent.
on the COMEX Silver is trading under $ 34 with down of  0.5 percent . on MCX gold is trading at about Rs 28 660 the weakness of 0.15 percent . on MCX Silver is trading at Rs 56 800 0.5 percent fall.
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MCX Bullion trading Tips For Today | Commodities Technical Levels

GOLD TURNS POSITIVE ON FIRMER EURO, GREECE PROSPECTS.
OIL UP AS MARKET MULLS GREEK REFERENDUM.
COPPER STEADY AHEAD OF ECB MEETING.
DOMESTIC OIL AND OILSEED TRADE UP ON SHORT COVERING.
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Gold and Silver Weekly Technical and Fundamental Report 24 Oct To 29th Oct

MARKET OVERVIEW
COMEX Gold is in a technically consolidating on charts for short term. Last week COMEX Gold was trading in a range from 1600$ to 1695$. In the coming week 1600$ will act as a major support in COMEX Gold and 1840$ will act as a major resistance.
STRATEGY
 For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1655 $ an ounce, then above 1697 $ it can test the level of 1710$/1735 $ an ounce. And in MCX Gold above 26950 it can test the level of 27100/27250/27450. Trade by keeping the strict stop losses.
 Major support for COMEX Gold in the coming week is 1530$ and 1470$.
 Major resistance for COMEX Gold in the coming week is 1840$ and 1880$.
 Major support in MCX Gold is 25800 and 25400.
 Major resistance in MCX Gold is 28300 and 28800.

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Crude Oil and Copper Weekly Technical Report 19th sep To 24th sep 2011

CRUDE OIL MARKET OVERVIEW
NYMEX Crude is in consolidation phase. Last week Crude Oil was not able to sustain neither on higher levels nor at lower levels. For the coming week 70$ and 75 $ will act as major supports and 95$ and 101.50$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 4300 and 4420 and major supports will be 3750 and 3550.
CRUDE OIL STRATEGY
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 85.5 $ a barrel then above the level of 90.52 $ a barrel it can test the level of 91.5$/92.5$ a barrel and in MCX if Crude sustains above 4100 then above 4250 it can test the level of 4320/4360/4390 in this week. Trade by keeping the proper stop loss.

COPPER MARKET OVERVIEW
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. Last week COMEX Copper was down for most part of the week. If next week COMEX Copper sustains below the level of 405 then below the level of 390 Copper can test the level of 385/380/375. In MCX Copper sustains below 409 then it can test the level of 403/397 if it does not break the level of 416 on the upside.
COPPER  STRATEGY
For the upcoming week 410 and 420 will act as major resistance and 380 and 365 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 422 and 430 and supports would be found at 400 and 385.

MCX Commodity Daily Tips For Today 13 Sept 2011

GOLD EASES AS INVESTORS SELL TO PLUG OTHER LOSSES.
OIL DROPS ON CONCERN DEBT CRISIS TO LIMIT GROWTH, FUEL NEED.
COPPER DIPS AS ECONOMIC, DEBT CRISIS FEARS MOUNT.
DOMESTIC OIL AND OILSEED QUOTE STEADY.
MCX-NCDEX Trading Tips and Technical Report Daily 

MCX Commodities News Letter and Tips For 13 June 2011

GOLD POSTS BIGGEST LOSS IN MONTH AS COMMODS DROP.
OIL FALLS ON MORE SAUDI CRUDE, STRONG DOLLAR.
COPPER ENDS OFF; HITS 2-WEEK LOW ON CHINA IMPORTS.
DOMESTIC OIL SEED AND EDIBLE OIL OFFER MARGINALLY UP.
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MCX Market News and Strategy for Bullion Trading

MCX Bullion Trading outlook
All bullion contracts showed mixed trend. Gold August 11 contract was up 0.08% to Rs 22,589.00 per 10 grams,
GoldM August 11 contract was up by 0.06% to Rs 22,596 per 10 grams, Gold guinea June 11 contract was down by 0.13% to Rs 17,985 per 8 grams
 and Gold Petal June 11 contract was down by 0.18% to Rs 2,258 per gram.
Silver July 11 contract was up by 2.22% to Rs 55,847 per kg, SilverM August 11 contract was up by 2.24% to Rs 56,614 per kg and SilverMIC June 11 contract was up by 2.20% to Rs 55,867 per kg.
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MCX Crude Oil Tips | Today's OPEC Meetting

Crude Oil Call Intraday
SELL Crude oil  Blow 4411-4  Target 4330 Stoploss- 4450

Crude Oil Market outlook
Today OPEC meeting in Vienna today is going to be. OPEC crude oil production quotas at the meeting may decide to increase. Meanwhile, crude oil has gone down and feel at NYMEX of $ 99 are also coming down. Rs 4,400 per barrel of crude oil in the domestic market is also trading down. Special is that waiting for the OPEC meeting last only 5 days in the business sense of crude oil has come down about 5 per cent.
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