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.
Mcx Gold and silver trading is extremely sluggish. MCX gold is trading around Rs 28,000 and flat. With marginal gains of 0.2% while silver is trading around Rs 45,000.
Mcx gold buy above 28030 target 28200 stoploss 27950
Decline in crude oil. Domestic and international market pressures. MCX crude oil is trading around Rs 6,150 slipped 0.3% . But the decline in natural gas than crude. Natural gas prices in the commodity market has come down nearly 2% to Rs 233.6.
base metal is also seeing a decline at mcx . MCX Copper is flat and at Rs 426.25, while aluminum 0.2% ,nickel 0.5% , 0.4% lead and 0.25% zinc has weakened.
Mcx commodity market opened volatile note, mcx bullion market is weakness in the trend today. MCX GOLD August contract was trading at Rs 27577 down Rs 86, or 0.31 percent. while silver is trading down rs 395 or 0.88% to 44320. The index is showing sell signal for short term silver, positionally support for the silver is 44299/43483/43313 and the immediate resistance for the silver is 45150.
Overall trend of the mentha oil is bearish with medium long term, currently mentha oil is in sideway trend looks weak so better buy above 764.4 or hold with stop at 711.7.
Currently Soyabean is in HOLD LONG position Soyabean is in profit booking mode so better sell and enter at lower level.
Mcx commodity market week start with bearish side, Mcx bullion metal trading with a slow blood bath at mcx. Mcx gold look to break level on low side and gold watched down side at 27630 or rs 42 or -0.14%. For today gold range is for upper side 27669 level while in down side it seems to 27617.If we look at silver prices at mcx open below 44470 at 44529, mcx silver metal is trading down side on Monday trade .
If we move on the mcx base metal all are looking quite volatile side, Only Aluminium is trading bearish side at mcx. The market has already gone up to a certain level and it probably wants to see some concrete reform measures in the Budget before taking that next big step.
Mcx silver sell below 44400 target 44163/ 44063/43963 stoploss 44800
Mcx crude oil sell below 6360 target 6326/6306 /6286 stoploss 6415
On Thursday mcx commodity market opened in volatile note, we can see that recovery in gold and silver prices was mostly supported by fresh buying by jewelers to meet rising demand and depreciating rupee against the dollar and making the the imports costlier.
Silver also moved up by 147 to rs 42545, Silver made a intraday high of 42564 and intraday low of 42350.
Mcx gold buy 26820 target 26950/27000/27050 stoploss 26680
Mcx crude oil buy 6375 targtes 6420/6440/6460 stoploss 6345