Tosay's market analysis | Evening Round Up Call,MCX NCDEX Market news ,Crude Oil position, Gold,Silver Market news of today

Call for Today 9 march 2011 Evening round up

Gold (April Futures): Buy - 21070, SL - 20900 and the target - 21300

Silver (May Futures): Buy - 54150, SL - 53900 and Target – 54400

MCX Natural Gas (March Futures): Sell - 173, SL - 180 and the target - 160

MCX Aluminium (March Futures): Buy - 117, SL – 115 and Target – 120

After drop last week in the shop today has Guar. On NCDEX guar gum and guar seed futures close nearly 2 per cent are trading with gains of 1.5 percent.

Crude oil Mixed trend have seen today. Started after the sharp drop in crude oil is trading at Light edge.

On Tuesday, crude oil production increase by OPEC’s crude oil slipped after the report.

Libya crisis to meet the shortfall in supply by OPEC’s have faith. Also, the U.S. also showed weakness in crude oil stocks rising. Crude oil fell nearly 0.5 percent Naimacs to close at 105 dollars a barrel.

Tuesday strongly in dollar weakness in gold is coming.

OPEC’s crude oil production by increasing crude oil slipped after the report. Crude oil from the U.S. market climbed to reduce anxiety, which had the benefit dollars. Gold fell 0.5 percent on Comacs closed at $ 1,427

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today's support and Resistance(9 march 2011), MCX gold,crude Oil support&Resistance | base metals market news

GOLD CLIMBS TO RECORD AS MIDEAST VIOLENCE FLARES.

• BRENT CRUDE AT $117 ON LIBYA, SUPPLY WORRIES.
• COPPER SOFTENS ON LIBYA CRISIS; CHINA DEMAND EYED.
• DOMESTIC OIL SEED AND EDIBLE OIL ENDED DOWN. 
  
  
  MCX Gold,Silver,Crude Oil,Copper Support&Resistance see right side.

Base metals Market Correction Today, Nickel(March futures) status of the day, may Market news effected Basemetals prices, Effect of Libyan on MCX market, Intraday Tips for MCX Commodities

Copper (April Futures): Sell - 429, SL - 436 and the target - 420

Nickel (March Futures): Sell - 1200, S - 1220 and target – 1180

Crude oil is increasingly looking at the brakes. On MCX, crude oil has declined by half per cent. Naimacs the sense of crude oil has come down from $ 105.

Base Metals sharp decline. MCX copper at about 1-2 per cent, including all Base Metals have been broken. Zinc has the highest fall. Base Metals is certain is that the decline continues. Copper in the past week has been about 6 per cent dive. While nickel and zinc also has about 8 per cent fall.

New record is making day by day today Tokyo Commodity Exchange(TOCOM) on Tuesday made new record for its near month gold futures contract with prices hitting the highest in 28 years.

Crude oil prices pulled back and buying declined amid speculation same as Gold lost its earlier gain after record high on monday that Libyan leader Gaddafi was seeking a deal to leave the country.

Gold, benefiting from fears that the higher oil price could trigger a new round of inflationary worries and a slowdown in global economic growth, quickly recouped its loss and shooted up as the price of oil shot up to more than 105 USD a barrel and is currently trading at a shade under that.

CONCLUSION- According to News the precious metal prices no more effected in lower side same as crude oil. the future of Crude oil seeing upper side and silver also may make a new high record in end of the current month. 

MCX  Intraday Tips  for today

Today's Support and Resistance for MCX and Hot Market news for today | MCX intraday Tips for today| Daily report os mcx base metals and bullions

GOLD CLIMBS TO RECORD AS MIDEAST VIOLENCE FLARES.

BRENT CRUDE AT $117 ON LIBYA, SUPPLY WORRIES.

COPPER SOFTENS ON LIBYA CRISIS; CHINA DEMAND EYED.

INDIAN JEERA & PEPPER ENDED DOWN; TURMERIC HIT 4PC UPPER CIRCUIT.

Gold record highs on Monday .

Silver gained 1.5% , having earlier touching a 31-year high on moday 7 march 2011.

Zinc stocks highest since Nov 2004 today.

Copper falls as Libya violence escalates

Nickel falls sharply almost 6% on moday.

Gold retreated from record highs on Monday as investors took profits after U.S. crude

oil prices sharply pulled back on speculation that Libyan leader Muammar Gaddafi was

seeking a deal to secure a safe exit from the country. Copper fell on Monday as

escalating violence in Libya eroded investors' appetite for assets perceived as risky and

oil remained strong, but a weaker U.S. dollar prevented deeper losses.

Copper stocks continued to build, rising 1,850 tonnes to 427,150 tonnes. 

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Gold touches new peak; silver hits 31-yr high

Both the precious metals surpassed all previous records to hit new highs today. While gold surged Rs 200 to Rs 21,420 per 10 grams on rising seasonal demand, silver rose by Rs 1,250 to Rs 54,450 per kg on heavy buying by stockists and industrial units, amid firm global cues, reports PTI.

Trading sentiments for the yellow metal turned bullish on heavy buying support, following turmoil in Libya, surging crude oil prices and shifting of funds from weak stock markets to bullion on the domestic front.

Globally, gold gained 0.5% to USD 1,437.85 and silver increased 2.3% to USD 36.40 an ounce, the highest level since February, 1980.
Traders said firm trends at futures market also influenced the trading sentiment to some extent. For FREE mcx Tips
 For today's support&Resistance

Technical Levals For MCX Intraday Evening round Up, Tips For MCX Intraday Trading, Support and Resistance for MCX Crude oil/Silver/Gold

MCX-Silver(APR)

Silver Today Evening round Up  Expect Trade in High. Technical Levels
R3 57000/60000
R2 55000/55600
R1 54700
Pivot 54000
S1 53400/53000
S2 52800/52400
S3 51800/51000
As long as prices taken a support at 54300 see a sharp rally towards 55000 then 60000 in the near term. Weakness is
seen below 54000 towards 53400 then 53000 levels.
MCX_Gold (APR)
 Gold Today Evening round Up  Expect Trade in Low.

Technical Levels
R3 21500/21900
R2 21300/21350
R1 21260
Pivot 21180
S1 21120/21050
S2 20810/770
S3 20600/20400
Day’s bias is largely sideways to higher for the day. However, unable to breaks 21240 see a correction towards
21180 then 21000 levels for the day. However, break above 21240 see a major upside towards 21400 levels.

Crude Oil (MAr)

Crude Oil Today Evening round Up  Expect Trade in High.
R3 4900/4930
R2 4860/4880
R1 4835
Pivot 4780
S1 4740
S2 4700/4680
S3 4620/4580
Consistent trade above 4780 sees an upside towards 4900 then 5000 levels in the near term. However, weakness is
seen below 4770 towards 4740 then 4710 levels.  

MCX-Copper(APR)

R3 482/486
R2 456/461/465
R1 452
Pivot 449
S1 446/441
S2 438
S3 435/421
Prices are consolidating in the range of 458 to 448 for the last one week. We expect breaks and sustain above the
same likely to trade higher towards 465 then 472 in the near term. Conversely, unable to break above 458 may see
a fall towards 451-448 levels.
Intraday

MCX-LEAd(MAr)

R3 124/127
R2 121.70/122.50
R1 118/119.50
Pivot 117
S1 116.20/115.60
S2 110/109
S3 106

Natural Gas(MAR)

R3 190
R2 180/186
R1 171.40/173/178
Pivot 169
S1 168
S2 167/64
S3 161/153
Weakness is prevailing while below 171, downside falls are possible towards 165/61 for the day. Unexpected rise
above 173 would negate our broad bearish expectation.

NEWS HIGHLIGHT on 5 march 2011

GOLD REBOUNDS AS LIBYA UNREST BOOSTS HAVEN DEMAND.

OIL JUMPS AS LIBYA CLASHES INTENSIFY; MIDEAST WORRY.

COPPER FLAT; OIL FEARS CAP GAINS.

DOMESTIC OIL SEED AND EDIBLE OIL OFFER DOWN.  

• Note:- 1.  MCX-support At Home page (right hand side) 
             2. NCDEX  Support & Resistance At NCDEx page
  
  
  Must see  MCX And NCDEX Support and Resistance for Next week

MCX Silver Call and Trend/Support/Resistance

Buy Silver on 7 march 2011 Target 53500. 

MCX Tips, Trend and Prediction for 7th march 2011

1. Now Mixed trends in Base metals as well as precious metals. 

2. MCX Precious Metals are expected to HIGH.  

3. MCX Crude Oil price are expected toHIGH.  

4. MCX GOLD likely to move consolidate trade up.

MCX Precious metals today's evening round up play inHigh .

Commodity Market over all i expect Bullish.

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