11 June 2013 mcx commodities looking bullish, gold silver price and intraday trading tips

Tuesday, NCDEX red chilli July is looking bearish. Its support is seen at 5912, 5864 and resistance seen at 6099, 6110. Yesterday it was closed at 6000 per quintal up 0.44%, with high: 6088, low: 5922. 

It is quite interesting to look at the trend of MCX goods; they are fully focusing on the positive side. The fact is that there is no vast differences has been occurs in the price of commodities. 

Today also the precious metals are going up, gold surge 144 points at 28155 and silver surge 18 points at 44180. While the energy products seem to be in green shade. The cotton is in well uptrend. The base metals try to maintain their status. 

Internationally the crude drop by the change of 0.24 percent at 103.71 and Corn rises with a gain of 2 points or 0.31% to Rs. 652.00. The gold fall around 2.90 points in global market. 

Nickel Status Buy Above 877.20 
Target 878.2/879.2/880.2 Stop Loss 873.2 

Chilli Status Sell Below 5910 
Target 5902/5892/5882 Stop Loss 5960 

Mentha Oil Status Buy Above 1009.80 
Target 1015.8/1021.8/1026.8 Stop Loss 989.8

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Monday jeera live price, gold silver level and today 27/5/13 mcx ncdex trading tips

On the 1st day of the last week of May the commodities seems to be red sign. All the metals and energy products are trading in a downside from the early morning. 

In the precious metals the yellow metal gold drop by only 1 point and the white metals silver drop by 13 point against their previous close at 10:44 am. Today the both the metal are working with the support and resistance level of : 
Gold Support 26248.2 Resistance 26563.8 
Silver Support 43133.6 Resistance 43812.4 

The crude oil slump around 0.87 percent at 5222.00 for June and mentha oil fall by 1.36 percent for May. The other source of energy natural gas down by 1.80 points. 

At multi commodity exchange the cotton is the only one who is trading in a positive side with the increment of 10 points to Rs. 17980. 

The same trend has been followed by the ncdex products as same as of mcx products bearish. Barley, caster seed, chana and soon are slipping down. 

At National Commodity and Derivative Exchange the Jeera is trading in both sides positive and negative for the contract of different months. For the June, July and August it up by 0.23%, 0.24% and 0.02% while for the September month it losses 0.47%. 

In the international market the Wheat grain and corn looking bearish, Wheat was last traded at 696.38 got a change of 0.97 percent and corn was traded at 656.12 takes a change of 0.83 percent. 

Cotton (may) buy target 18010 | 18020 | 18035 stop loss 17940 

Mentha oil (may) sell target 922.4 | 917.4 | 911.4 stop loss 946.4 

Potato (july) buy target 806 | 808 | 811 stop loss 788 

Chana (june) sell target 3281 | 3271 | 3261 stop loss 3341

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Commodity gainers and losers, Sugar up and Brent oil fell globally

Tuesday, mcx commodity market closed with highly down side. In the season of wedding both the precious metals gold and silver closed at 26895 and 44854 slipped by 256 and 430 points. 
As the demand of the cloths are increasing day by day the cotton also closed down by 40 points for future delivery. 

In the month of April Crude fell below 7 percent. Yesterday US oil dropped by 43 cents at $ 93.04 a barrel. PMI on Wednesday fell to 50.6 in April from an 11 months high 50.9 March. 

In the international commodity market only London sugar and natural gas rose. They were up by 0.43 percent and 0.44 percent.

Gainers : Maize, Caster seed, Soya Bean, Jeera, Chana, Pepper, Turmeric, Red Chilli, Barley, Kapas, Gur

Losers : Gold, Silver, Copper, Cotton, Nickel, Aluminum, Zinc, Lead, Natural gas, Crude oil, Menthe oil. 

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