MCX Gold Tips and Market Outlook For Today

Gold Outlook
-Selling of commodity indices that also happen to include gold.
-Increases in margin requirements on the Chicago exchange (CME)
-Technical sell off as important supports were breached.
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MCX Commodity Support and Resistance For Today 26 Aug 2011

Yesterday Gold rose after two days declining, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
Bullion dropped as much as 3 percent or more than $200 from Tuesday's record highs, as funds liquidated positions due to CME Group's second margin hike this month and technical weakness.

MCX Crude Oil Buy Call Intraday Evening Round For Today

MCX Crude Oil Buy Above 190 Stoploss 186 Target1 195 Target2 197 Target3 199
Please Maintain Stoploss

NOTE:- Crude Oil and Natural Gas Technical Analysis Report and Monsoon Commodity Report 

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 Copper and Lead evening Calls today

Copper (April ): Buy - 431, Stoploss - 428 Target - 437

Lead (April ): Buy - 124, Stoploss - 123 Target - 126

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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.