Today Sell Silver at Rs57,239

MCX Silver:

MCX Silver broke out from the inverted head and shoulders pattern and the down trend line resistance line, however failed to sustain above these resistance levels. This kind of failure leads to opposite reaction or sideways movement. Hence, Way2Wealth now maintains their bias sideways to down. More information about Silver Tips Today you can visit the site mcx-today.blogspot.com

RSI (14) is has come into the neutral zone

Recommendation: Sell at CMP Rs57239 for a target of Rs53502 with a stop loss of Rs59370.

MCX Crude Oil:

MCX Crude is a triangular pattern of which wave c appears to be completed, hence it is still expected to move sideways in the triangle. However, the triangle is a symmetrical one in the wave 4 which will eventually break on the upside. The Bollinger bands have started narrowing down, once an upside breakout is in hands the bands will expand which will lead to a thrust in wave 5 up. So, Way2Wealth continues to maintain their bias up.

RSI (14) has reversed from the neutral region

Recommendation: Buy near Rs5260-5309 for a target of Rs5500 and a stop loss of Rs5232.

MCX Copper:

Copper has been moving up in an upward sloping parallel channel, so it can touch the upper end of the channel i.e. 449; however the risk-reward doesn’t favour the bulls as of now. So, one can sell near 446 for the target 418 which is its 20 DMA.

RSI (14) is placed in neutral zone.

Recommendation: Sell near at Rs446 for a target of Rs415 and a stop loss of Rs451.

NCDEX Chana:

It has provided a breakout from the triangular pattern and has reached near its conservative target of 3846. Now, it has also provided a breakout from the range formed just above the triangle. Hence, the overall trend continues to be up and so Way2Wealth maintains their bias up.

RSI (14) has reversed from the neutral zone to positive.

Recommendation: Buy near Rs3720 for a target of Rs4000 and a stop loss of Rs3640.

Commodity Trading News

Gold, Silver and metals prices witnessed huge volatility throughout the year but investment demand continues to be robust for precious metals despite the sharp fall in Gold imports in Q4, Investment demand constituted 35% of gold demand while jewellery demand slipped due to prevailing higher prices leading to fall in gold imports to 878 tonnes compared to 958 tonnes in 2010.

Several positive factors have emerged in the Indian economy that could provide firm support for commodities in 2012. The Reserve Bank of India has halted the policy of raising key bank rates and RBI Governor has hinted that monetary easing could begin sometime on easing of food inflation to 0.42% while headline inflation has fallen to 9.75%. The HSBC Purchasing Managers Index  has risen to 54.2, the highest level in six months while China’s PMI fell from 50.3 to 49 in November.

Commodity Intraday Trading Tips Free

MCX Bullion Market News 

Commodity markets tumbled in the last trading week of 2011 at the Multi-Commodity Exchange (MCX) with Crude Oil being the only commodity to post marginal gains.

Gold and silver fell as investors continued to liquidate assets. Both precious metals had exhibited technical weakness. As such, increased technical selling may also have been a factor. Fundamentally, PM's remain bullish since the Euro crisis and US slowdown is not expected to be over with any time soon. As such, most investors see the current decline as a sharp correction and expect to buy in when time favors."Commodity trading tips" for today is so volatile.

Base metals remained in the red on weak Chinese PMI data. Also, trading remained muted since it was the last trading week of 2011. Copper hovers around the Rs 400 psychological level and the outlook warrants for a fall below 400 especially with indications from both China and Europe painting a disappointing economic outlook.

Crude oil was the only commodity that remained positive thanks to increasing tensions between Iran and the US. NYMEX WTI prices remained stubborn in the $100 territory despite base metals and precious metals declining. Natural Gas continued its weak performance.

MCX Free Intraday Tips India

MCX Gold and MCX Silver Market

MCX Today - MCX silver price has broken through a downtrend channel line (blue) and is trading below Rs 50,000 on Thursday trade. Near month March contract is at Rs 49,422 as of 11:39 IST.

International silver prices are also trading lower. COMEX silver January contract is trading at $26.915, a decline of $0.277 as of 11:41 IST. 

In the Chart below, Silver has broken steeply below the channel line, indicating that prices may crash severely. In such a situation, the first downside target would be the September low of around Rs 47500.

December's imports of MCX Gold bullion to India, which has no domestic gold mining output, will likely stand 50% below the level of December 2010. "Inflation is too high and buying is not very aggressive," says Prithviraj Kothari, president of the BBA, adding that gold needs to fall back to 25,000 rupees per 10 grams to "spur some buying interest" after rising more than 30% and hitting new records above Rs29,000 earlier this month.

MCX Today Free Intraday Tips

MCX Today Gold and Silver Tips

As the market cue it’s a time of Christmas and now coming New Year as well which make market a bullish treads for MCX Gold commodity, overall our experts view on watching this market said the market will continue their downtrend on Tuesday of previous low of $1560.

Resistance at $1600/$1610. Support at $1591/$1575.

The same as well can see on MCX silver during festival session it also becomes a lazy trends in the market. Today morning Silver prices are seen trading at $28.76 down by $0.324 from its previous close. As we have discussed in gold’s outlook, Asian equities are seen trading lower for the first time in three days.

MCX Silver Mar'11 support: 52876 52999 resistance: 53229 53313 Sell at 53070 TP 52600/52200 SL 53450.

MCX Today Stock Market Tips

Share tips Expert market prospects for MCX commodity today

Gold:
Price Range High 28971-29140
Price Range Low 29038- 28868
Silver:
Price Range High: 56465-56890
Price Range Low: 56740-56313
Crude:
Projected High Range: 5211-5241
Projected Low Range: 5202-5172
Copper:
Price Range High: 409.85-412.65
Price Range Low: 410.35-407.20 .

This is our technical analyst market view.

Fade MCX Commodity Today ...

Disaster in stock market, "mcx commodities' tips for today :

Monday morning, European Union Leader failed summit conference with the investors with reverence to the region debt crisis which impact in  continues falls of the prices of MCX Commodities gold, silver, international gold, and international crude oil as well.

All MCX commodities showing a negative graph, MCX Gold Opens at 29090.0 low to 28836.0 high to 28836.0 now trading at with -156.0 points change with 28947.0, MCX silver opens at 56817.0, highs to 56817.0, low to 56301.0 now trading at 56435.0 and whereas international crude oil opens at 108.73 high to 108.73, low to 108.14 now trading at 108.22. 

Tips for MCX Gold and Silver

Gold Silver Trading Positive

MCX Gold and international Gold show positive response traded at Rs. 28868.0 touches the highest Intraday of 28905.0 and intraday of lowest of 28749.0, changes to 205.0 yet. Whereas international gold traded at Rs. 1,719.00, open at 1,714.00 reaches to 1,726.00 goes down to 1,712.90showing changes up to +5.60 so far. MCX commodity silver to trade at 54975.0 this which opens at 55005.0, touches to 55315.0 goes down to 54901.0. All these three commodities are leading today. Now let’s take a look of international crude oil showing some positive response opened at 110.80 touches to 110.80 and down to 110.41, it still trading at 110.67.