On mcx commodity all energies are trading low side, Mcx crude oil is showing continue its worst side in monday morning. Today it open at 5821 and touched a low of 5817. In energies mentha oil and natural gas is also trading in bearish side if we talk about mentha oil open at 690 now mentha oil is trading down more than 1% It touched intraday high of 690 and intraday low of 688.Similar trend also seeing in natural gas future delivery which touches low of 245.40 and the intraday high of 246.10.
At mcx india bullion prices looks to trade bearish, Today a high negative movement had seen in gold and silver. Mcx gold october future contract traded at 27923 with negative side prices rs -73 while silver future contract traded down with price -112 at 42143.
Mcx silver buy 42130 target 42238/42338/42448 stoploss 41800
Mcx copper sell 431 target 425/ 424 stoploss 434
Mcx indian commodity market started in green shed, Both precious metal is trading positive side. Durables goods orders and consumer confidence figures in America today are coming. API inventory data will be released today as well. Earlier in the crude oil business is extremely weak. While gold is trading at its lowest in the past 2 months. Silver less Stressed. Although today is the strengthening of the rupee against the dollar.
MCX Gold October futures trading at Rs 27 859 with 0.32% while silver remains at Rs 42 128 with 0.39%.
September futures crude oil remains at Rs 5696 with 0.21% while Natural gas September futures climbed trading at Rs 241.80 with 0.17%. .
September futures on NCDEX Jeera is flat and is trading at Rs 11 085. The September futures on NCDEX soy oil with 0.3% at Rs 619.
Intraday Resistance of JEERA are 11195.2 : 11286.7 : 11246.8 : 11268.9
Intraday Support of JEERA are 10974.8 : 10883.3 : 10930.9 : 10909.2
Mcx commodity market continue in down trend, both precious metal is moving to down side. A huge decline had seen in gold is trading now 229 pts down to 27991 it made intraday high of 28161 and intraday low of 27965. The decline in crude oil has increased MCX crude oil is trading below Rs 5700.
If we talk about stock market close flat note ,But Nifty and sensex both closed up. Sensex was up 15.80 pts or 0.20% to 7891.10 led by gains Bajaj auto, bank of baroda, Bpcl, SBI. While nifty ended a bit lower than 7900 up 15.80 pts at 7891.00
Bank Nifty advanced over a percent as top lenders like Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank, State Bank of India, Axis Bank and HDFC Bank gained 1-3%.
MCX COMMODITY TRADING CALLS
Gold:- Mcx gold october contract sell below 28550 targets 28600/28550/28500 stoploss 28650
Silver:- mcx silver september contract sell below 43900 targets 43950/43850/43750 stoploss 44200
Crude oil:- mcx crudeoil august contract sell 5980 tragets 5950//5930/5910 stoploss 6040
Natural gas:- mcx natural gas august contract buy above 242 targets 244/245/246 stoploss 239
Mcx copper:- mcx copper august contract buy 431 targets 432/433/434 stoploss 429
After the heavy down fall in commodity market, Overall trend of the gold is beraish. Currently gold is moving sideways trend now gold is trading 0.05% down to 28040 while silver is showing volatile note we can’t say it is on positive side or negative side still it is trading positive side at 44518 up rs 90 or 0.02%.
Natural gas is trading oversold level, but index is showing buy signal.In last 3 weeks Naturalgas is trading in low volatality and fresh Buy can be considered in the Naturalgas if it close above253 or buy with strict stop at 225.
Mcx silver buy above 44250 targets 44655/44755 stoploss 43910
On monday red chilli is in perfect uptrend , but the index is showing buy for short term investment in red chilli. Buy only if close 7319.0 .
MCX August Gold futures prices declined by 0.13% to Rs 27899 has arrived.except silver and natural gas all commodity is trading in red signal. The silver September futures climbed 0.61% at Rs 44750. Crude oil declined 0.49% at Rs 6044. Natural gas is the August Futures 1.18% and was trading at Rs 231.60.
Mcx base metal showing mixed trend, Heavy downfall is seeing in base metal today . Mcx aluminium july future is trading down 0.43% to rs 121.95, Buy mcx aluminium at rs 121.70 for the target price of 123/123.30 with a stoploss of rs 120.50 .
NICKEL: Nickel prices are expected to trade positive for the day one can buy on dips around 845. Prices are expected to test 860, 873 maintain a stop loss below 837.
NCDEX Refined Soya Oil futures for August with 0.21% is trading at Rs 676.6. The September futures on NCDEX gur 0.08% to Rs 1195 is marginally faster.
There is a sudden drop in gold and silver. After a decline of 0.32% on MCX Gold August Futures is trading at Rs 27720. while silver is trading at Rs 44700 fell 0.70%. Crude oil gained 0.15% since August Futures remains at Rs 6208. Natural gas is falling 0.09% at Rs 226.50.
All base metals on MCX are trading in green. Zinc, lead and aluminum July futures is trading at 0.46% . Nickel July futures are up 0.52%. August copper futures is trading with a surge of 0.74%
Agri commodities experts are showing the earning opportunity. According to Hem Securities selling at Rs 11,600 in NCDEX Jeera to today. The price can fall below Rs 11360. In this deal you will find stoploss at Rs 11790. Crude palm oil is the second commodity. Shop at Rs 528 in its July futures on MCX. Target of Rs 536 can be placed. In this deal you will find stoploss at Rs 523.