MCX Commodity Weekly Report 25 July To 30 July 2011

MCX Gold Tips - Buy is advised only above 23400 with a stop at 22900 Below 22900 go for sell and put stop at 23300 Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 23400  with stop at 22900.
Support for the Gold is 22915-22680-22395-22360-22285-22020-. Immediate resistance for Gold is 23420

MCX Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 60739.0 with stop at 57025.0 The oscillator is showing SELL signal. Buy is advised only above 61000 with a stop at 58800 Below 5800 go for sell and put stop at 60400. Read More Commodities:- Click link

MCX Gold and Silver Prediction For Today

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MCX Commodity Intraday Call
Copper (August) buy: -418,  stoploss -411 , Target -427

Gold Market outlook
On MCX Gold Aug Future Trade Up by .15% At 21775 per 10 Grams Afternoon Today Due To weaker rupee. the rupee off touched in previous session, weighed by as softer euro.
Silver Market outlook
Silver fell further by 50 to 51300 per kg and delivery decline by 20 to 51300 per kg.
Commodity Hot News 
* The rupee weakened, easing off a two-month high touched in the previous session, weighed by a softer euro, weak local shares as well as Asian currencies.

* Farmers, the traditional buyers, usually divert their savings on farm equipment and pesticides for summer-sown crops from gold and silver in monsoon period.
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MCX Market Outlook
Multi Commodity Exchange (MCX), COMDEX is trading down by 10.31 points, or 0.30%, at 3,374.18 after opening at 3,384.85.
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Precious Metals 
Gold - silver has lost its strength. After opening up in early trading down gold on MCX is trading 0.25 per cent. COMEX slipped the gold is under $ 1510. The silver in the domestic business has come down to Rs 52,000.
Crude Oil(Energy MCX)
MCXENERGY is trading down by 35.16 points, or 1.15%, at 3,012.77 after opening at 3,040.44.
MCX Agri
MCXAGRI is trading up 11.50 points, or 0.44%, at 2,597.85 after opening at 2,591.47.
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MCX Commodity Technical and Fundamental Weekly report 27 June To 1 July 2011

MCX Bullion Technical Chart Analysis Report and Learn How To Analysis 

MARKET OVERVIEW Gold

COMEX Gold is in an upward phase. Last week COMEX Gold was sustaining at lower levels and closed near to its 2 week low. In the coming week 1460 $ will act as a major support in COMEX Gold. If COMEX Gold sustains below1520 $ an ounce then below 1500 $ an ounce it can touch the level of 1485$ an ounce and if COMEX Gold sustains above 1525$ then it can go slightly up and test the level of 1535$ an ounce.

 Gold STRATEGY 

For the next week traders can use sell on higher level strategy if COMEX Gold sustains below 1520 $ an ounce, then below 1500$ it can test the level of 1485$ an ounce and above 1525$ it can further move upward. Trade by keeping he strict stop losses. Read It Carefully For Your Benifits

         Major support for COMEX Gold in the coming week is 1460$ and 1425$.

         Major resistance for COMEX Gold in the coming week is 1560$ and 1590$

         Major support in MCX Gold is 21900 and 21600

         Major resistance in MCX Gold is 22500 and 22800

MARKET OVERVIEW Silver

COMEX Silver is technically weak on charts. Last week COMEX Silver was sustaining at lower levels and closed near to its week low. For the upcoming week 3230$ and 3020$ are the crucial supports and 3800$ and 4000$ are crucial resistance in COMEX Silver. In MCX Silver 56300 and 59000 will

act as major resistance and 49000 and 45500 will act as major supports.
STRATEGY Silver

Technically COMEX Silver is weak on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3430$ an ounce, then below 3380$ an ounce it can go down and can test the level of 3300$

an ounce. Trade by keeping the proper stop losses.

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MCX Commodities Call Intrady For Today

BUY SILVER FUT 55000 Stoploss-54600 Target-55700-56100

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