MCX Commodity Market Newsletter | MCX Bullion trading Strategy

GOLD SURGED NEAR HIGHS ON DOWNGRADED U.S. ECONOMIC OUTLOOK.
OIL FALLS AS WORSENING ECONOMIC OUTLOOK SPARKS DEMAND CONCERN.
COPPER CLIMBS FOR FIRST DAY IN SEVEN AS DECLINE SPURS BUYING.
SPICES COMPLEX BOUNCES BACK ON SHORT COVERING.

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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MCX Intraday Trading Free tips 

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 Crude oil tips

Copper prices were showing fewer sparks on Tuesday's trades. MCX Copper for near month was trading at Rs 415.50 per kg.

The Copper markets will be in deficit as per the latest report from International Copper Study Group (ICSG). The group expected markets of Copper to remain in deficit of 380000 tonnes in 2011.

 Crude oil slipped today after a ferocious slide in the last session as weakness in equities and firm undertone in the US dollar. 
 MCX Basemetals Trading tips

MCX Bullion market Tips and Calls for today intraday

 MCX Intraday Call For Today only
Gold (June ): Buy - 21 750, Stoploss - 21 660 and Target - 21900

Silver (May ): Buy - 63 260, Stoploss - 62 880 and the target - 64,000

Gold and silver have continued to make records. 65 500 kg silver rupees in Mumbai have been over. While gold is trading at record levels of Rs 21 700. However, trading in the futures market is a bit sluggish. But COMEX $ 1500 per ounce on gold has been very close. Why Silver Continues  high Levels
Gold and Silver prices could rise further on renewed safe haven demand because of sovereign debt issue escalate and also S&P has revised its outlook on US sovereign debt to negative. But, Gold prices need to cross 1500 psychological level and should be able to sustain above it for next upward rally.
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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:-
MCX Calls Daily on Your Mobile 

MCX Gols and Silver Prediction For Future

Gold (June ): Buy - 21 545, Stoploss - 21485 and the target - 21 750

Silver (May ): Buy - 62 700, Stoploss - 62 520 and the target - 63 750

Lead (April ): Buy - 120.40, Stoploss – 118.50 Target - 122.55

Gold or silver, both reached a critical level. Silver in the spot market at Rs 65,000 per kg level is reached. While gold has crossed Rs 21,500 . So the question is Lajmi up the gold and silver, how will move forward.

MCX FREE Bullion and Other Commodity calls 

MCX bullion Technical and Fundamental Reports

Silver Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver broke its psychological level of 4200$ an ounce and closed above that. For the upcoming week 3900$ and 3750$ are the crucial supports and 4380$ and 4600 $ are crucial resistance in COMEX Silver. In MCX Silver 64500 and 67500 will act as major resistance and 59500 and 57500 will act as major supports.
Strategy
Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 4100$ an ounce, then above 4300$ an ounce it can further go upward and can test the level of 4380$ an ounce. Trade by keeping the proper stop losses.
Fundamental Market Overview

MCX trading tips

GOLD HITS RECORD ON WEAK DOLLAR, CHINA INFLATION DATA.
OIL HEADS FOR LOSS AMID INFLATION, DEMAND CONCERN.
COPPER ERASES GAIN, HEADS FOR WEEKLY LOSS, ON CHINA SUPPLY, DEMAND OUTLOOK.
DOMESTIC EDIBILE AND OILSEED TRADE BEARISH.

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