Commodity trading tips today | Crude Oil commodity market news

Commodity call today evening

MCX Lead (April ) Sell 118.80, Stoploss - 119.40 Target – 117.20

MCX Crude oil (April ) Sell - 4655, Stoploss - 4670 Target – 4570

MCX Gold (April ) Buy 20640, Stoploss - 20 470 Target - 20800

Today's Commodities trading updates

Crude oil has reached the top of the Today's commodity. On MCX, crude oil declined by nearly 1.5 per cent. While silver has broken the 1 per cent. Selling pressure came on Copper and Copper being nearly 1 percent decline. Although red pepper futures traded on the edge is strong.

Silver has been intensified in the early fall. On MCX, silver has come down to Rs 55,000. While nearly half per cent with the decline of gold is trading. The impact of overseas market crash has had on domestic business.

Today's sharp decline in crude oil. On MCX, crude oil fell nearly 1.5 percent and expressions have come down to Rs 4,700. Meanwhile, on NYMEX than $ 104 crude oil has come down. MCX since March 7 at 6 per cent fall in crude prices has come close yet.

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MCX Bullion Market Report and Commodity Market news for Today

Gold keeps cutting loss as dollar retreats
Euro erased losses against the dollar
Oil felt pressure earlier by the stronger dollar
Copper prices stumbled on Monday
Copper stocks at highest since last July

Gold fell more than 1 percent on Monday, briefly dipping below $1,410 an ounce, as the dollar rose after hawkish comments from a Federal Reserve official last week and as impetus from unrest in the Middle East petered out. Oil retreated on Monday, with both U.S. and Brent crude futures slipping over a dollar, after Libyan rebels regained control of key oil towns and the dollar firmed on hawkish comments from a U.S. central banker.
Copper prices stumbled on Monday as renewed worries about Japan's crisis, unrest in the Middle East and rising stocks persuaded investors to retreat from assets perceived to be risky.

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MCX Silver Tips

Commodity Silver call For Today with Silver spot price
Sell silver may below 55020 target 54850 stoploss 55150

 Silver has been a sharp decline . May silver futures on MCX with the decline of nearly 1 per cent has come down to Rs 55,000. gold is trading Almost half percent drop . The effect of the decline in foreign markets on domestic business is being seen.

 
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MCX Copper tips Buy or Sell today

 Buy  copper  April above 433.95    target 435.75 stoploss 431.65

Today our focus is on copper. MCX copper at about 1.5 per cent decline doing business . The impact of overseas market crash has on domestic business. Copper on the London Metal Exchange and Comex nearly 2 percent decline intrading.

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Commodity trading tips for today | MCX Commodity Buy or Sell

MCX Today's evening call  Advice
MCX Gold (April )Sell - 20680, Stoploss - 20730 Target - 20580
MCX Crude oil (April ) Sell - 4695, Stoploss - 4720 Target - 4620

Today Nickel is on the top commodity. Nickel is the sharp decline. While around 1.5 per cent decline in copper is trading. With the sharp decline in guar gum.

Silver has been a sharp decline in futures. May silver futures on MCX with the decline of nearly 1 per cent has come down to Rs 55,000. Almost half per cent drop in gold is trading . The effect of the decline in foreign markets on domestic business is being seen.

Today our focus is on copper. MCX copper at about 1.5 per cent decline doing business . The impact of overseas market crash has on domestic business. Copper on the London Metal Exchange and Comex nearly 2 percent decline intrading.

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MCX Bullion Weekly report | Commodities future Report for this week

Gold Market Overview
COMEX Gold is in an upward phase. Last week COMEX Gold break the level of 1400$ and made a low of 1380 but was not able to close above that . In the coming week 1375$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1425$ an ounce then above 1440 $ an ounce it can touch the level of 1460$ 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.

Crude Market Overview
NYMEX Crude is in upward phase. Last week in Crude oil neither sustained on higher levels nor at lower levels. For the coming week 96$ will act as major support and 107 $ a barrel will be a major resistance. In MCX Crude Oil major resistance is found at 4835 and 4950 and major supports will be 4600 and 4500.
Strategy
NYMEX Crude is in upward phase. Last week in Crude oil neither sustained on higher levels nor at lower levels. For the coming week 96$ will act as major support and 107 $ a barrel will be a major resistance. In MCX Crude Oil major resistance is found at 4835 and 4950 and major supports will be 4600 and 4500.

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 up for most part of week. If next week COMEX Copper sustains above the level of 432 then above the level of 446 Copper can test the level of 453. In MCX Copper above 442 Copper can test the level of 448 if it does not break the level of 431 on the downside.
Strategy
For the upcoming week 450 and 460 will act as major resistance and 430 and 420 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 450 and 460 and supports would be found at 430 and 418.

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 was able to sustain above 3.800$ and close near to its week high. If next week Natural Gas sustains above the level of 4.100$ then above the level of 4.500$ Natural Gas can test the level of 4.620 $ and below 4.100$ Natural Gas can slightly go down and test the level of 4.010$. In MCX, if Natural Gas sustains above190 in the coming week then it can test the level of 207, if it does not break the level of 186 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.

USD/INR Market Overview

USD/INR is consolidating on charts so traders can use the strategy of buying on lower levels. If next week USD/INR sustains above the level of 44.5000 then above the level of 44.7000 USD/INR can test the level of 45.0000 and below 44.5000 USD/INR can slightly go down and test the level of 44.3000.

Strategy

For the upcoming week 44.5000 and 43.8000 will act as major supports and 45.4000 and 

46.0000 will act as major resistance in USD/INR. 

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MCX Evening call for today | Commodity trading analysis

MCX Intraday call

Sell MCX Gold april below 20848 target 20808 stoploss 20893 

MCX Silver Buy Above 55840 Stopsloss 55630 Target 56000

Gold trading is slow today. While on MCX silver futures has seen the light edge. Comex also fall into sleep. But silver is trading at about half per cent growth.

Gold and silver reached new records. Comex the gold top $ 1447 yesterday after the business is now around $ 1,433. The same 38 dollars per ounce of silver up until after the profit has come. While on NYMEX crude is trading above 105 dollars a barrel.

Pepper in commodities has come on top. Pepper now trading with gains of 2 per cent is. While potatoes have declined. On MCX, mentha oil has fallen about 1 percent. Although silver is traded on the edge.

 
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MCX Support and Resistance for today | MCX silver live price

GOLD TRADES NEAR RECORD ON EUROPE DEBT RISK; SILVER REACHES 31-YEAR PEAK.

• OIL FALLS FROM 30-MONTH HIGH AS U.S. CRUDE STOCKPILES GAIN OUTWEIGHS LIBYA.
  
  
• DEMAND PROSPECTS LIFT COPPER, ALUMINIUM. 
  
  
• DOMESTIC OIL SEED AND EDIBLE OIL TRADE DOWN.
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