Commodity Newsletter For 3 Oct 2011 on Monday

GOLD POSTS BIG Q3 GAIN DESPITE SHARP MONTHLY DROP.
U.S. CRUDE IN BIGGEST QUARTERLY FALL SINCE 2008.
COPPER ENDS DOWN, LOGS WORST QUARTER IN 3 YEARS.
GUARSEED AND GUARSEED CLOCK 4PC LOWER CIRCUIT.

MCX bullion market outlook | OPEC Metting Analysis For Crude oil

OPEC Meeting Analysis

MCX Index
At the MCX COMDEX is trading down by 18.77 points, or 0.54%, at 3,440.81 after opening at 3,456.74.
MCX bullion market outlook
Today's sharp decline in copper. Copper down on MCX is trading around 1 percent. While silver is going to decline.

Silver Decline by 500 to 54,700 per kg, while gold declined Rs 130 to 22,680 per 10 grams today.slowdown comes due to high level amid a weakening global trend.Trading sentiments turned bearish after gold shed 0.4 per cent to USD 1,538.50 an ounce in the overseas markets, as European debt concerns eased, eroding the appeal of the precious metal as a safe haven asset. The white metal also declined by 1.2 per cent to USD 36.70 an ounce.
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Silver Is Trading 1 per cent  on the edge.
The Multi Commodity Exchange, COMDEX is trading down by 0.85 points, or 0.02%, at 3,467.02 after opening at 3,468.71.

MCXMETAL is trading upward by 26.03 points, or 0.58%, at 4,519.09 after opening at 4,495.22. Meanwhile MCXENERGY is trading down by 21.47 points, or 0.67%, at 3,198.07 after opening at 3,210.78. MCXAGRI is trading down by 13.56 points, or 0.52%, at 2,594.21 after opening at 2,605.85. MCX Silver trend Is Upper. It Will Reach 65000 This Week Analyst Said>>>>Click Here To Read More

Crude oil is trading today on the decline. On MCX, crude oil declined by nearly 1 per cent. NYMEX While the crude oil has come down to $ 100. Markets because of the lack of inward mentha oil is traded on the decline.
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MCX Daily Newsletter | MCX Bullion Trend and Strategy

• GOLD FLAT, SILVER EXTENDS GAINS AFTER COMMODS REBOUND.
• OIL FIRMER AFTER SURPRISE U.S. CRUDE STOCKS DROP.
• COPPER FALLS ON DOLLAR, AHEAD OF JOBS DATA.
• SPICES COMPLEX IMPROVES ON SHORT COVERING, POST MODERATE PROFITS.
  Gold, silver fall on weak U.S. data.
  Copper fell on Thursday.
  LME aluminium stocks come off record high.
  Nickel stocks fell 48 tonnes.
  Oil falls below 100$. Click Here For Daily report Support/Resistance
  Gold and silver fell on Thursday, as weak U.S. housing and manufacturing data and uncertainty about the end of the the Federal Reserve's bond-buying program dragged down commodities across the board. Copper fell on Thursday following a round of weak data suggesting U.S. economic recovery could be stalling, a day after the base metal's biggest gain in two months. U.S. crude oil futures extended losses and Brent crude turned negative as investors digested U.S. jobless claims data released early in the session.
  

MCX Newsletter for 16 may 2011

Copper finished firm on Friday, Stocks in LME warehouses rose 800 tonnes
Oil rose on Friday in late short-covering, ending the week higher after a volatile session whipsawed by European economic concerns and news Libyan leader Libyan leader Muammar Gaddafi may have been wounded. Gold fell on Friday, sharply reversing early gains, as a dollar surge against the euro and renewed uncertainty about euro zone debt prompted investors to sell ahead of the weekend. Copper finished firm on Friday, reacting to upbeat data from the United States and Europe that helped restore some market confidence and economic recovery optimism.
Oil rises in late short covering.
Silver finishes week down 1.5 pct
Gold ends week flat, dollar rally triggers selling

MCX Gold and Silver Tips For Today

GOLD OFF HIGHS BUT STILL FIRM AFTER CHINA DATA.
CRUDE OIL FUTURES HALT TWO-DAY ADVANCE ON CHINESE INFLATION, EUROPEAN DEBT.
COPPER CONFIDENCE CRUMBLES AFTER CHINA OUTPUT DATA.
INDIAN TURMERIC AND PEPPER TRADE UP, JEERA TRADES LOW.
MCX highlights Click Here to Know Silver under 50000
Gold slides as firmer dollar Today.
The dollar pared earlier losses and rose against the euro.
Silver plunged almost 8% on Wednesday.
U.S. crude oil stocks rose 3.78 million barrels.
Crude oil falls below 100$.
Copper fell to its lowest since December.
Gold broke a three-day rally to fall on Wednesday, under pressure from a rebound in the dollar and a broad decline in other commodities. Oil fell across the board on Wednesday, led by a 6 percent fall in New York gasoline futures prices, as U.S. oil data showed an unexpected rise in stocks of the auto fuel and a sharp rise increase in crude inventories.
MCX FREE Silver and Gold Tips/Call Click Here

MCX Bullion Intraday Calls For Today

Sell Silver May Below 63450 Target 63350 Stoploss 63570
Sell Gold June below 21750 target 21710 Stoploss 21800

MCX Commodities Technical Analysis For 4 th To 9 th April

Gold Market Overview
COMEX Gold is in an upward phase. Last week COMEX Gold neither sustain on higher level nor at lower level. In the coming week 1375$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1441$ an ounce then above 1450 $ an ounce it can touch the level of 1470$ an ounce and if COMEX Gold sustains below 1390$ then it can slightly
correct and test the level of 1370$ an ounce.
Strategy
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above
1441$ an ounce, then above 1450$ it can test the level of 1470$ an ounce and above
1470$ it can further move upward. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1370$ and 1340$.
Major resistance for COMEX Gold in the coming week is 1450$ and 1475$
Major support in MCX Gold is 20450 and 20150
Major resistance in MCX Gold is 21200 and 21450

Silver Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver break the level of 3670$ and made a weekly close above that. For the upcoming week 3550$ and 3350$ are the crucial supports and 3800$ and 3920 $ are crucial resistance in COMEX Silver. In MCX Silver 57000 and 58500 will act as major resistance and 53500 and 51000 will act as major supports.
Strategy
Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3700$ an ounce, then above 3800$ an ounce it can further go upward and can test the level of 3850$ an ounce. Trade by keeping the proper stop losses.
Market Overview
NYMEX Crude is in upward phase. Last week in Crude oil broke its level of 107 and made a close near to its week high. For the coming week 96$ will act as major support and 108.30 $ a barrel will be a major resistance. In MCX Crude Oil major resistance is found at 4875 and 4950 and major supports will be 4600 and 4500.
Strategy
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 100 $ a barrel then above 108.50 $ it can slightly come up and touch the level of 109.20 $ a barrel and in MCX above 4835 Crude oil can touch the level of 4900 if it sustains above 4700. Trade by keeping the proper stop loss.
Copper Market Overview
Copper is in an upward consolidation phase and traders should use the strategy of buy on lower levels. Last week COMEX Copper was down for most part of week. If next week COMEX Copper sustains above the level of 417 then above the level of 431 Copper can test the level of 437. In MCX Copper above 426 Copper can test the level of 433 if it does not break the level of 410 on the downside.
Strategy
For the upcoming week 450 and 460 will act as major resistance and 417 and 405 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 440 and 450 and supports would be found at 410 and 400. 
Natural Gas Market Overview
Natural Gas is in a consolidation phase and traders should use the strategy of buying on lower levels. Last week Natural Gas neither sustain on higher level nor at lower level. If next week Natural Gas sustains below the level of 4.300$ then below the level of 4.200$ Natural Gas can test the level of 4.110 $ and above 4.500$ Natural Gas can slightly go up and test the level of 4.610$. In MCX, if Natural Gas sustains below190 in the coming week then it can test the level of 184, if it does not break the level of 201 on the downside.
Strategy
For the upcoming week 3.650$ and 3.200 $ will act as major supports and 4.880$ and 5.200$ will act as major resistance in US Natural Gas. For MCX Natural Gas major resistance would be 207 and 220, supports would be found at 175 and 165.

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MCX Commodities Market Key Points.
Copper rebounds to week-high.
LME copper stocks rise.
Japan still struggling to contain nuclear crisis.
Gold supported by inflation worries.
U.S. industrial output slips.
Oil rises over 3 pct on Middle East unrest.
Copper hit its highest in over a week on Thursday as buyers moved back into the metal after Japan's nuclear crisis drove it to three-month lows this week, with positive U.S. data giving an additional lift to prices. Gold rose on Thursday, sustained by an increase in exchange traded product (ETP) holdings, stronger physical demand and a weaker dollar. Oil prices rallied by more than 3 percent on Thursday as unrest in the Middle East and North Africa added more worries about supply disruptions.
 

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