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 .

MCX Commmodity Updates Today: MCX Silver and Gold are Positive, Copper Crude, Oil serged again

Bullion metals are trading higher on MCX. Gold is trading around 27750-800 and prices can touch the level of 27850-900 today.

Uptrend has been seen so far in MCX Silver and this precious metal has jumped up more than 0.50 %. Trading above 53500 would yield more upside momentum in MCX silver.

MCX Crude oil is prevailing its bullish trend and it is looking forward to breach 5300 level today.

Copper prices are also in upside trend. Copper has breached the resistance of 404.50 and now heading towards 409 level.

MCX commodity Updates and commodities Trend Today

MCX Copper ended green on domestic commodity market and touched 400 mark. Today, copper may extend this positive trend steadily to run towards 403-404.50 level.

Nickel on The other hand gave up all the gains of the day and declined over 1% by the end of the day. Still Nickel is a strong recommendation for buying and we can expect prices to cover up losses today.

Gold and Silver traded lower on MCX. The precious metals are likely to prevail this trend. Crude oil again boosted up.

Commodity Newsletter For Today- Copper Updates

Copper rose sharply on Tuesday. On LME it witnessed 1.7% rise. The Favourable economic data and positive cues led copper to trade higher. Today Copper is trading above 396 mark which is favouring more upside. For last couple of weeks copper was consolidating near 395 which has broken now.


Negative inventory data from LME also supported copper prices.