16 August mcx commodity market update, today crude oil price and levels, free trading tips

Friday seems a quite impressive day for the trading over commodities as all the MCX products performing outstanding towards the positive side. A great changes occur in the price of the commodities specially in preciouis metals, crude oil and as usual cotton. 

Today in the morning trade the gold used to work in a positive side with a rise of 1031 points at 30217 with an intraday high 30452 and the white silver looking quite interesting as it gains 21794 points at 49367 has an intraday high 49367. 

 If we taking about the energies then the crude oil price rising high by 1.64 percent for the august delivery same as the mentha oil rising by 0.63 percent. The base metals copper and nickel changing drastically as they go up above 10 points for future. Cotton used to do trade in a positive side from last 2 weeks, at 10:20 am it gain 410 points to Rs. 22300. 

SUPPORT AND RESISTANCE LEVEL 
Crude oil R1 : 6581.6 R2 : 6622 
S1 : 6484.4 S2 : 6444 
Mentha oil R1 : 861.2 R2 : 868.6 
S1 : 846.2 S2 : 838.8 

BUY SILVER TG 49397 | 49417 | 49427 SL 49287 

BUY CRUDE OIL TG 6682 | 6698 | 6708 SL 6627

Read More

Evening commodity Mcx tips and Ncdex updates for today April 12

The future contract for Chilli trading in a positive note but in a particular range bound between 6530-3750. In the noon time it gained 0.91%. 

Turmeric also seems positive having the support and resistance level of 6570 and 7190. Its production is expected around 45 lakh. 

MCX GOLD and SILVER is working in a rough note. Both were down nearly about 150 to 392 points. In the international market the oil was showing mixed trend. 

Sugar is increasing steadly and growing well as the demand for the breverages is high. 

Sell Gold Target 29022/29012/29002 Stop Loss 29073 

Buy Mentha oil Target 1032/1033.5/1035 Stop Loss 1023.1 

Sell Silver Target 51272/51262/51272 Stop Loss 51385

Read More