MCX Commodity Updates for Today

Crude has been in upside mode from the every beginning of today's trading session. MCX Crude oil has climbed up more than half percent and trading above 5235 level.

Strengthening of dollar against rupee supported the Bullion prices and both Gold and Silver are trading green in MCX.

Base metals are up and Copper might touch 412 above 409.50 level. 

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MCX Tips for Today 

Commodity Updates: Gold Silver Tips for Today

Gold and Silver Commodity closed in negative note. MCX Gold Feb contract declined nearly 1% and MCX silver did 1.5%. Today precious metals may take short covering move and we can expect some upside in these two metals. Silver if prevails 56000 level and manages to stay above 56350 then prices can touch 56700-850 today. Buy Gold above 28870 TG-29090-29150 while below 28700 go for short selling.

MCX Commodity News and Live prices for Today

Initial rapid rise in base metals has now been ceased. A decline has been in in all the metals traded on MCX. Copper with nearly 1.3% decline, trading around 407 level while MCX nickel has lost nearly 1.5 % to trade around 957 level. Other base metals like zinc and lead also have declined nearly 1%.

Commodity Gold and Silver declined sharply today. Silver with 1% decline and Gold with 0.60% decline trading around 56360 and 28930 respectively.

MCX Commodity News : Base Metals Surged Today

Base Metals trading is trading with positive bias today. With almost 1% gain, Copper on MCX is trading at Rs 410. The nickel, lead and zinc have also seen good rise.

If we look at the past few trading sessions, the earnings in the current round of base metals are more visible spot. Copper, aluminum, lead, zinc and nickel consumption is around the world. Impact on the economic activities of these metals, which is visible and affecting the price movement.

During Last 1.5 months, Copper has grown by 20 per cen. Nearly 11 per cent rise in nickel in the same period have been recorded.

Copper Updates Today and Trading Tips

On MCX, Copper Commodity (Feb Contract) started with strong note and made a high of 412.70. Day traders can adopt strategy of buy on dip in copper metal. One can buy this base metal around 409-409.50 for the target of 412.50-414. In broad perspective also, Copper is likely to remain bullish.

MCX Commodity Gold Silver News and Trading Tips

Gold and silver have been sluggish since the beginning of the session today. With slight decline on MCX, Gold futures is trading at Rs 29150. In the domestic market, silver is trading at Rs 57175. On International market also a slight decline has been seen in in COMEX gold, and Silver . The over all trend is consolidated .

Buy Gold above 29170 TG-29250-300 SL- below 29100 else below 29000 go for sell

Buy Silver above 57300 TG-57600-57800 else below 56800 go for sell .

Commmodity daily Newsletter for Today

Domestic commodity Market performed well on the last trading day of the week. Gold and Silver have been risen 0.25% and a rise of more than 0.50 % is seen in crude oil prices.

Both The commodities are looking positive for Next trading session.

Copper remained range bound and ended with slight loss. On Monday, copper may remain positive above 409 level.

NYMAX Crude has bee strengthen due to increasing unemployment rate in America. NYMAX crude has surpassed $101 level.

MCX Commodity Copper Updates and Trading Tips for Today

The downtrend seen in Copper on yesterday has vanished away today due to weakenign dollar. LME copper has reached upto $8000 per tonn. On domestic market also Copper with nearly 1.20% rise, is trading around 409.50. Metals other than copper in base metals is also gained. On MCX, aluminum, nickel, lead and zinc are trading with a rise of more than half per cent.

One can Buy copper above 409.50 for TG- 412.50 Stoploss below 406.