MCX Commodity Updates for Today

Crude Oil is trading slightly lower on MCX and so is MCX Gold. Silver is trading with positive bias and its march contract is trading around 51150 level. A trade above 51250 will be required to persuade traders to start buying in MCX Silver. Copper trend is looking bullish. As long as prices prevail 406 level, we can expect prices to reach up to 408-409.50 for the day.

MCX Gold Silver Trend Today and Copper Updates

The effect of strengthening gold and Silver in international market is also being witnessed in in MCX as well. With a gain of more than 1.5% Gold has moves above 27200 while silver is trading around 51150. Precious metals are likely to prevail the momentum in near term.

Also there is a surge in crude oil and copper commodity. Copper Trend is positive and above 404.50 it may test 409 level soon.
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Commodity Gold Silver Trend and Base Metals Updates For Today

Sharp decline has been seen in gold and Silver commodities.Spot and futures market price of gold has fallen below 27000 level. The silver price has slipped below Rs 50,000. Strengthening of the dollar in the international market has pushed the prices of gold and silver down to lower levels of 3 months.

In base metals copper has declined by 0.5 per cent and is trading around Rs 397.50. Nickel and lead on MCX is trading with the lethargy. On the MCX, crude oil has dominated the lethargy and has built over 5300.

MCX Commodity Updates Today: Crude serges, Gold Silver declined Again

Crude oil has risen sharply. price has reached a level of Rs .5,400 on MCX. International market is also in bullish trend. NYMAX crude oil price has reached above $100 per Barrel .Reserves of crude in the United States is projected to decline.

Gold and silver are trading lower again. MCX Gold and Silver have declined in volume. Precious metals trend in International markets is also weak. MCX has remained firm in the base metals except zinc and lead are now looking sluggish.

Commodity Crude Updates and Trading Strategy for Today

International crude traded near highest of two weeks on the back of US economic recovery outlook. In domestic market also crude oil surged on Tuesday and crossed 5350 level.

Support for crude is seen near 5340 level and resistance is near 5420. Traders can Buy crude oil on lowers levels.

Copper Updates and Trend for Today

The trade action for Copper MCX is seems to be choppy and lacklustre. Still Since the US commodity market is open today, we can not expect a plunge for today still prices may target 403.50 on downside to take a rebound. The Short term trend for Copper is positive. Traders can adopt buy on dips strategy.

MCX Commodity Market Trend Today

Indian commodity market remained consolidated in a choppy session. The market is likely to trade sideways in today's session as well. Due to the Christmas holidays and new year, US market

sludgy and the same effect can be seen on MCX as well.

Crude oil can be an option for traders to trade with and it can move in range of 5040-5420 on MCX

MCX Commodity Newsletter- Gold and Silver Updates

MCX Gold and Silver commodities are in sideways trend. MCX Gold February contract is hovering around 27770 level wit slight decline. Silver MCX march futures is above 53100 level. A choppy consolidate trading is expected in silver commodity also.

Copper is showing a slight momentum. Traders can buy Copper above 409 level .