NEWS HIGHLIGHT on 5 march 2011

GOLD REBOUNDS AS LIBYA UNREST BOOSTS HAVEN DEMAND.

OIL JUMPS AS LIBYA CLASHES INTENSIFY; MIDEAST WORRY.

COPPER FLAT; OIL FEARS CAP GAINS.

DOMESTIC OIL SEED AND EDIBLE OIL OFFER DOWN.  

• Note:- 1.  MCX-support At Home page (right hand side) 
             2. NCDEX  Support & Resistance At NCDEx page
  
  
  Must see  MCX And NCDEX Support and Resistance for Next week

MCX Silver Call and Trend/Support/Resistance

Buy Silver on 7 march 2011 Target 53500. 

MCX Tips, Trend and Prediction for 7th march 2011

1. Now Mixed trends in Base metals as well as precious metals. 

2. MCX Precious Metals are expected to HIGH.  

3. MCX Crude Oil price are expected toHIGH.  

4. MCX GOLD likely to move consolidate trade up.

MCX Precious metals today's evening round up play inHigh .

Commodity Market over all i expect Bullish.

Free Commodity tips

Market News today for Bullions and Crude oil

Intraday Buy Call

Buy Crude Oil At  4652-4655  SL 4620  Target  4680-4700

Due to political crisis in middle east , by which weak USD and global inflation

worries lifted bullion prices Recent monts.Gold is to be well supported on investment demand . In Gold prices expect msome currection from this lavel.

Silver prices have reached by 90% in last months. Compare to silver gold rise 20% during the same period and in comming few months silver will give better return compare to gold.

Gold future fell by more than 1% on COMEX on 3 march 2011 and also silver prices fell by same.

At MCX, India's largest commodity bourse, Gold April futures settled slightly down on Thursday at Rs. 20858 per ten grams against previous day’s close of 21152 down by 294 rupees.

Support for MCX Gold Apr contract is seen at 20600 and below it; prices can test 20300, while the resistance levels are 21100 and 21400 respectively.
FREE Call For Intraday and Commodity Tips

Today's Market Report on Metals,Energy,Agri Commodity,Gainers/losers

Metals News Today(3march2011):

Nickel April 11 contract was up by 1.35% to Rs 1,310.20 per kg, zinc mini March 11 contract was up by 1.03% to Rs 113.10 per kg, zinc March 11 contract was up by 1.03% to Rs 113.10 per kg, lead mini March 11 contract was up by 1.30% to Rs 117.30 per kg, lead March 11 contract was up by 1.29% to Rs 117.35 per kg, alumini March 11 contract was up by 0.52% to Rs 117.00 per kg, aluminium March 11 contract was up by 0.47% to Rs 116.95 per kg, copper April 11 contract was up by 0.43% to Rs 451.25 per kg while iron Ore March 11 contract was down by 3.95% to Rs 7,291 per DMT.

Energy Reports:

Crude oil March 11 contract was up by 0.31% to Rs 4,595 per barrel, BRcrudeoil March 11 contract was up by 3.41% to Rs 5,274 per BBL and natural gas May 11 contract was up by 1.15% to Rs 185.30 per MMBTU.

Agri commodities Analysis News:

Refsoyoil April 11 contract was up by 0.27% to Rs 642.45 per 10 kgs, CPO May 11 contract was up by 0.85% to Rs 548.30 per 10 kgs, cardamom May 11 contract was up 1.51% to Rs 11,52.70 per kg, kapas April 11 contract was up by 0.33% to Rs 1,186.70 per 20 kgs while potatotrwr May 11 contract was down by 3.57% to Rs 602.40 per 100 kgs, potato May 11 contract was down by 3.92% to Rs 720.80 per 100 kgs, sugar May 11 contract was down by 1.18% to Rs 2,940 per 100 kgs and menthe oil May 11 contract was down by 1.00% to Rs 1,017.20 per kg.

Gainers/ losers:

BRCrudeoil March 11 contract was up by 3.41% to Rs 5,274 per BBL while Ironore March 11 contract was down by 3.95% to Rs 7,291 per DMT.
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Today's Complete Report of MCX and Market chart

MCX Comex, the composite index of metals, energy and agro-commodities was up by 0.61% to 3,476.15 points, MCX Metal index was up by 0.13% to 4,465.86 points and MCX Energy index was down by 1.25% to 3,124.52 points.

Bullion:

Gold April 11 contract was down by 0.41% to Rs 21,066 per 10 grams, GoldM March 11 contract was down by 0.45% to Rs 20,877 per 10 grams, Gold guinea March 11 contract was down by 0.28% to Rs 16,793 per 8 grams. Silver March 11 contract was down 0.51% to Rs 50,766 per kg, SilverM April 11 contract was down 0.42% to Rs 51,862 per kg and SilverMIC April 11 contract was down by 0.42% to Rs 51,861 per kg.

Commodity Market News/Data | Technical Analysis on MCX Base metals and Bullions

The base metals has been shot by politics in middle east by which turn has raised the prospectus of global inflation and its have done by rising crude oil prices.by this some analyst think that by rising inflation could interest rate to move northward,and also causing a slodown in global economy.
Crude oil News
Now Crude oil prices are trading above USD 100 per barrel which is the burden about inflation. Crude oil have discounted the middle east crisis likely to fall on profit booking. Crude oil last trade near about 102 per barrel. Now a days Crude Oil trading at so many months High. Crude oil can be fall and could touch 96-94 levels within next couple of days.

Base metals News

Base metals traded in mixed trend on london metal exchange in asia on thursday.Now Copper is trading lower while other base metals are tradind in higher.

Base metal prices are likely to fall from present levels on the back of profit booking. Base metal complex may see correction of 3-5 percent in the next few trading sessions.
Metals complex may find its direction from global equity indices and currency movements in the near future.

Gold Future News

 Gold futures settled at a record high for the second consecutive session and silver rose to a fresh 30-year peak Wednesday as worries about inflation persisted and intensified Mideast unrest boosted the metals' attraction as safe haven investments.

According to UBS AG, Gold purchases in China, the world’s largest producer, climbed to 200 metric tons in the first two months of 2011 as faster inflation boosted consumer demand. Gold prices are expected to rise till 1500 USD per ounce.
Gold Trend Is High

Gold Reorganized by nearly 20 USD on Wednesday, breaking three-months old resistance to trade at a new all-time high. The metal remains well-supported in the uptrend and resistance at 1405 USD has become near-term support. As long as Gold holds above 1410 USD, analysts expect medium-term gains to a target above 1600-1580 USD. 
Today, Spot Gold fell by 0.40 percent to 1442.20 USD per ounce. Silver remains in negative territory which declined by 0.17 percent to 30.54 USD per ounce.
Investors remained cautious ahead to US non-farm payrolls data due tomorrow evening. Traders are keeping eye on US data before taking a fresh position. On account of weak US payrolls number,

The events in the Middle East are a significant game changer these days. Gold looks like seating on sea- saw move from morning. Gold and silver is already trading on higher end of the range. Precious metals prices paused at all time high levels ahead of US non-farm data due tomorrow evening.
Investors remained cautious ahead to US non-farm payrolls data due tomorrow evening. Traders are keeping eye on US data before taking a fresh position. On account of weak US payrolls number, precious metals prices might ease in coming trading session. Traders and investors are advised to trade with cautioun.
MCX Commodity Tips For Today

Feb commodity market report | March 2011 prediction | Support and Resistance For precious metals

Silver prices have risen by approximately 20% in the last month February. While, Gold has risen by just 5-6 % percent in February. Silver has outperformed Gold in last month and likely to give better returns in the coming few months as compared to Gold.

Gold may find supports at 1390, 1370 and 1355. While, resistance levels are seen at 1431 and 1465. If Gold prices are succeeded to stay above 1430, it could touch 1475-1490 levels within next few trading weeks. While, if Gold prices falls below 1390 and stays below the level, it is likely to touch 1360-1340 levels.

Support for MCX Gold Apr contract is seen at 20600 and below it; prices can test 20300, while the resistance levels are 21000 and 21300 respectively. Short term range of MCX Gold future prices is 19900-21100.

Gold futures prices closed little unchanged on COMEX yesterday. While, Silver prices rose by more than 1.5% yesterday. Gold in international markets last traded strong at 1415 USD an ounce after it made seven weeks high near 1418 USD per ounce. Silver last traded at $34.15 per ounce near its multi year high around 34.32 USD an ounce.

The recent rise in Gold prices is due to geopolitical tension in Middle East and investment demand from developing countries like India and China. However, Gold prices are likely to give some correction from present levels as Gold has already discounted the bad news of Middle East. Gold prices are hovering between 1400 and 1420 USD an ounce from last few trading sessions. The gold prices are expected to trade in a range of USD 1390-1420 per ounce in the next few trading sessions.

At MCX, the Indian commodity bourse, Gold April future prices settled slightly down on Monday at Rs. 20923 per ten grams against previous day’s close of 20961 down by 38 rupees.

MCX April Gold contract opened weak this morning at rupees 20900 per ten grams, made an intraday high at 20937 and last traded at 20867 down by 56 rupees after made an intraday low of 20861.

MCX Bullion Tips in FREE

Silver Trend,Crude Oil Tren for tommorow | budget effect on MCX Bullion and Trading Tips

Silver Trend

Silver prices likely to face resistance at $32.5/troy ounce and $33.8/troy ounce level i.e. at Rs. 49,767/kg and Rs.50,313/kg level in MCX March contract. While on lower side prices can take support at $32.5/troy ounce and $31.6/troy ounce level i.e. at Rs.49,767/kg and Rs.49,433/kg.

Crude Oil Trend

Crude oil Apr futures on NYMEX rose by 0.62% to $97.88/barrel from $97.28/barrel amid unrest spreading to Oman, Lebanon and Saudi Arabia. Even though on Friday NYMEX boosted the margin requirement on oil futures for the first time since March 2009 as crude traded above $100 a barrel to $6,075 per contract from $5,063 failed to pressurize the crude oil prices. The latest change on ICE also showed a boost in the Brent margin to $5,200 from $4,850 per contract along with the news in the market that Saudi Arabia has boosted the oil supplies by 9 million barrels per day were kept aside. What weighed on the bearish news were the unrest which continued in Libya and Bahrain along with the unrest which started yesterday in Saudi Arabia, OPEC’s largest oil producer.