MCX Commodity daily Newslatter For Today 29 Nov. 2011

GOLD JUMPS 1 PERCENT ON EUROPE'S BAILOUT HOPES.
OIL CLIMBS TO HIGHEST IN MORE THAN A WEEK ON U.S. SALES, SYRIAN SANCTIONS.
LME COPPER CLINGS TO GAINS; IMF SAYS NO TALKS WITH ITALY.
INDIAN SPICES TRADE UP ON SHORT COVERING.

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MCX Support and Resistance For Bullion | MCX Gold and Silver tips

Gold does U-turn, slides as dollar firms.

Copper fell on Tuesday.

Aluminium stocks hit new record high.

LME copper stocks grew by 500 tonnes.

Oil dips on worries over world growth. MCX Silver Tips More at 48000

Gold reversed course on Tuesday to fall after a rally in the dollar exacerbated a sell-off in the already-fragile commodity complex and offset the positive impact on bullion of the concern over the euro zone debt crisis. The dollar rose to session highs against the euro, drawing strength from a decline in equities and commodities. Copper fell on Tuesday along with a drop across the commodities complex as weak U.S. data and a rising dollar against a basket of currencies weighed on markets. Oil prices slid more than 2 percent on Tuesday as the dollar strengthened and weak economic data fueled concerns about demand that have helped push prices down by around 15 percent so far in May.

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MCX Silver Tips and MCX Crude Oil Call For today Intraday

Crude Oil (May ): Sell - 4932, Stoploss - 4970 Target - 4855

Copper (June ): Sell - 415, Stoploss - 418 and Target - 409

MCX Bullion Market News Today Silver 1.6 Decline  

Silver is traded on the decline. Copper also has broken up about 1 per cent.

Today we look at silver. The sharp drop in early trade on MCX silver. Currently about 1.5 per cent with the decline of silver is traded. Silver in the spot market prices have seen sharp fall. Delhi and Mumbai yesterday's closing price at the moment silver is trading down nearly 6 per cent. Special is that record last week after being nearly 16 per cent decline in silver prices has come. Click Here To Know more about Silver Trading Strategy

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MCX Basemetals News and tips today

Silver Buy above 67320 Stoploss  67100 Target 68000   68150
 Copper (May ): Sell - 420, Stoploss - 427 Target – 410-407

Crude Oil (May ): Buy - 4980, Stoploss - 4920 Target – 5090

Today copper base metal is Hot in market . Today's sharp decline in copper. In fact, the decline in international market impact of metal in the domestic business is visible. Japan's poor economic figures and the Standard & Poor's credit rating from bad to let go of the copper is under pressure. U.S. Federal Reserve meeting with many issues regarding the economy on which much confusion remains Honewale announced.

 Gold - Silver Light strengthening returned. Gold in the domestic market to international markets quickly - is to find the silver support. However, the rapid strengthening of rupee is limited. Today the market will look at the U.S. Federal Reserve meeting in which U.S. economic conditions, interest rates and 600 billion dollars bailout package could be announced to withdraw. This last session because of fear created pressure on gold and silver show has dropped 10 per cent.

 

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MCX Silver and Gold tips and Market prediction for Silver

Gold hits record near $1,500/oz.
Silver hits another high above 43.40$.
Copper fell to a one-month low on Monday.
LME copper stocks last up 1,350 tonnes.
Gold prices rallied to record highs near $1,500 an ounce on Monday after rating agency Standard & Poor's cut its outlook for the United States to negative from stable, boosting safe-haven flows into the metal. Copper extended its losses on Monday, on track for its sixth straight fall, after rating agency Standard & Poor's revised its outlook on the United States, the world's largest economy, to negative.
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Silver Will Reach 7500 Read More:-
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Commodities Market Technical outlook | Weekly for 11 to 16 april

Gold Market Overview and Strate

COMEX Gold is in an upward phase. Last week COMEX Gold sustains on higher level and closed near to its week high. In the coming week 1375$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1450 $ an ounce then above 1480 $ an ounce it can touch the level of 1500$ an ounce and if COMEX Gold sustains below 1430$ then it can slightly correct and test the level of 1410$ an ounce. 

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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