MCX Commodity Base Metals (Copper, Lead, Zinc, Nickel) Report Today

MCX Copper may note some gains tracking international markets, however the upside remains  capped. Support for August copper is seen at Rs.396 while Resistance is seen at Rs.405.

MCX Aluminum may note some gains tracking copper prices. Support for Aluminum August contract  is seen at Rs.106 while resistance of Rs.109.

MCX Zinc may note some gains tracking copper prices.  Support for MCX  Zinc August contract is seen at Rs.97 while Resistance is seen at Rs.100.5.

MCX Nickel may note some decline tracking international markets. Support for MCX Nickel August  contract is seen at Rs.960 while Resistance is seen at Rs.1000. 

MCX Lead may note some gains tracking copper prices. Support for  MCX Lead August contract is seen at Rs.106 while Resistance is seen at Rs.109.5.

MCX Commodities Intraday Call

Sell Natural Gas 215 Stoploss 218 Target 212   210    208

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MCX Gold and Silever Reports and Crude Strategy For Today 14 May

MCX Comdex was down by 0.97% to 3,397.73 points, MCX Energy was down by 2.56% to 3,164.47 points and MCX Metal was down by 0.03% to 4,418.70 points.

All bullion contracts showed mixed trend. Gold June 11 contract was up by 1.47% to Rs 22,057 per 10 grams, GoldM June 11 contract was up by 1.44% to Rs 22,063 per 10 grams and Gold guinea July 11 contract was up by 1.40% to Rs 18,014 per 8 grams and Gold Petal May 11 contract was up by 0.13% to Rs 2,227 per gram. Silver July 11 contract was down by 2.30% to Rs 54,013 per kg, SilverM June 11 contract was down by 2.30% to Rs 54,023 per kg, SilverMIC June 11 contract was down by 2.28% to Rs 54,063 per kg and Platinum June 11 contract was down by 3.31% to Rs 2,510 per gram. Click Here To Read More About Gold and Silver
All metals contracts showed mixed trend. Zinc June 11 contract was up by 2.23% to Rs 98.45 per kg, zinc mini June 11 contract was up 2.29% to Rs 98.45 per kg, ironore May 11 contract was up by 1.24% to Rs 7,015 per DMT while lead July 11 contract was down by 2.28% to Rs 102.65 per kg, lead mini July 11 contract was down by 0.76% to Rs 104.65 per kg, aluminium July 11 contract was down by 1.90% to Rs 118.75 per kg, alumini July 11 contract was down 1.88% to Rs 117.35 per kg, nickel July 11 contract was down by 0.72% to Rs 1,124.90 per kg and copper June 11 contract was down by 0.70% to Rs 399.15 per kg.

All energy contracts showed down trend. Natural gas July 11 contract was down by 3.37% to Rs 197.90 per MMBTU and crude oil June 11 contract was down by 2.48% to Rs 4,528 per barrel.
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MCX Copper Report and MCX Bullion Tips Today

Today Copper after a sharp decline in the early returns . Dollar weakness against the euro came into copper boom has returned. Indeed, France and Germany because of the strong GDP Ancdo Euro strength has returned.
China once again has increased interest rates half a per cent from October so far who have eighth time.
As a result of copper 17 per cent fall in the 3 months have seen.
Gold - silver in the weak lower levels have gone up since the beginning. Because of the silver dollar weakness is seen improving. While gold is reach COMEX be upwards of $ 1510 on. The same silver is up $ 35.

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Gold touches new peak; silver hits 31-yr high

Both the precious metals surpassed all previous records to hit new highs today. While gold surged Rs 200 to Rs 21,420 per 10 grams on rising seasonal demand, silver rose by Rs 1,250 to Rs 54,450 per kg on heavy buying by stockists and industrial units, amid firm global cues, reports PTI.

Trading sentiments for the yellow metal turned bullish on heavy buying support, following turmoil in Libya, surging crude oil prices and shifting of funds from weak stock markets to bullion on the domestic front.

Globally, gold gained 0.5% to USD 1,437.85 and silver increased 2.3% to USD 36.40 an ounce, the highest level since February, 1980.
Traders said firm trends at futures market also influenced the trading sentiment to some extent. For FREE mcx Tips
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