mcxtips

Lead tips
 Lead prices declined 0.52% at the LME while price at the
MCX came down by 1.91% backed by the rupee
 Lead prices should continue to remain weak due to
slowing demand from the auto sector. Major auto
producer Toyota is also planning to increase the hybrid
car sales which should limit the sharp fall in prices
 Compared to other base metals, the weakness in lead
prices should remain intact due to growing risk av ersion
over Sy rian developments
Nickel tips
 Nickel prices remained diverged in yesterday’s session.
Prices witnessed sharp correction at both the platforms in line with the fundamental expectations
 Nickel inventories are maintaining at the highest level (212328 MT) since the LME started keeping records of metal
stocks. On the back of higher stocks, major gains in prices should not be witnessed
 Chinese NPI producers might continue with high
production while the nickel market also remains at
supply surplus
 Indonesia is expected to increase the export quota of
raw-materials ahead of the 2014 export ban and
hence we expect the surplus to increase in nickel
market
 Overall, we do not expect nickel prices to gain at LME
hence selling at higher levels should
mcxtips,leadtips

29 august evening intraday commodity updates || today MCX gold silver tips || Live MCX evening tips for today

mcxtips Technical Outlook valid for August 29,
Unit Support
Spot Gold $/oz 1403/1393

MCX Gold Oct’13 Rs/10 gms 33250/33000
Spot Silver $/oz 23.90/23.60
MCX Silver Sept’13 Rs/kg 55200/54600
Commodities Daily Report
Thursday| August 29


Market Highlights - Gold (% change)
Gold Unit Last
Gold (Spot) $/oz 1417.6
Gold (Spot -
Mumbai)
Rs/10
gms
34250.0
Gold
(LBMA-PM
Fix)
$/oz 1419.5
Comex Gold
(Oct’13)
$/oz 1419.0
MCX Gold
(Oct’13)
Rs /10
gms
33715.0
Market Highlights - Silver (% change)
Silver Unit Last Prev day
Silver
(Spot)
$/oz 24.3
Silver
(Spot -
Mumbai)
Rs/1 kg 58900.0
Silver
(LBMA)
$/oz 2474.0
Comex
Silver
(Sept’13)
$/ oz 24.4
MCX Silver
(Sept’13)
Rs / kg 55776.0
Technical Chart – Spot Gold
Spot gold prices increased around 0.1 percent yesterday on the back of
recovery in the global market sentiments. Further, rise in SPDR gold
holdings to 921.03 tonnes supported an upside in prices.
However, sharp upside in prices was capped on account of strength in
day high of $1433.31/oz
and closed at $1417.60/oz in yesterday’s trading session.
On the MCX, Gold October contract traded on a flat note yesterday
after touching an intra-day high of
Taking cues from strength in the DX along with downside in base
metals complex, Spot silver prices fell around 0.5 percent yesterday.
m US acted as a negative
However, sharp downside in prices was cushioned as a result of rise in
day low of $24.21/oz
ces fell around 2.6 percent and closed at
In the Indian markets, Rupee appreciation is expected to exert
In the international markets, gold prices are expected to fall on the
back of correction seen in the markets after a sharp rise in prices in
previous trading session. However, sharp downside will be cushioned
as a result of upbeat global market sentiments along with weakness in
August 29, 2013
Resistance
1418/1427
33600/33800
24.30/24.60
56200/5680

27/08/13 MCX TIps: Today MCX copper and Natural gas Jump on early trade || intraday gold silver tips for today

Crude Oil
Weekly Price Performance
• In the last week, Nymex crude oil prices declined by 1 percent, with prices testing a low
of $103.5/bbl on the back of restart in Libya’s oil production. However, sharp declines
were cushioned on the back of positive economic data from major global economies.
• On the MCX, near month crude oil contract gained 3 percent as a result of Rupee
depreciation and touched a high of Rs.6927/bbl in the last week.
• Year-to-date, oil prices are up by 16 percent and on the MCX the commodity is up by
whopping 37 percent. The difference in gains in prices is mainly on the back of sharp
depreciation in the Rupee.
Increase in Libyan Oil output to seen due to resumption of Brega exports
• Libya said it will resume oil exports from Brega, one of four ports, where it had declared
force majeure, as protests had shut the facility since July end.
• The nation is currently pumping 670,000 barrels of crude a day, an Oil Ministry official
said today.
• Brega may add some 90,000 barrels a day to Libya’s exports that are running at 500,000
barrels a day.
Outlook
• Crude Oil prices this week are expected to trade higher on the back of estimates of rise
in US GDP ,which in turn will boost sentiments for increase in demand for the
commodity.
• Further, a weaker DX and declining trend in crude oil inventories will be supportive.
• However,sharp upside will be capped on account of restart of Libya’s oil output.
• Rupee depreciation will lead to positive movement in prices on the MCX.
Weekly Technical Levels
• Nymex Crude Oil: Support: $105.70/$104.10 Resistance $108.10/110.10. (CMP:$106.32)
• Buy MCX Crude September between 6790-6780, SL-6730, Target -6960. (CMP:Rs 6760)

mcxtips

Weekly Price Performance
• Base metals traded on a negative note last week with a mixed set of factors providing
direction to prices. Despite positive economic data from the US, Euro zone, UK and
China over the week, mixed set of sentiments towards the end of the week, capped
sharp decline in prices.
• Copper prices touched a weekly low of $7227/tonne in the last week and closed the
week at $7353/tonne with losses of 0.3 percent.
• On the MCX, the near-month copper contract rose by more than 2 percent due to
Rupee depreciation and touched a high of Rs 483.2/kg in the last week.
• Month-to-date, copper prices on the LME and the MCX are up by 7 percent and 13
percent respectively. Gains on the MCX are higher mainly due to the weakness in the
Rupee.
Copper Inventories
• On the LME last week, copper inventories declined around 3.4 percent to 564,225
tonnes as on 23rd August 2013 from 584,075 tonnes in prior week.
• Shanghai Copper inventories fell around 3.6 percent to 156,100 tonnes for the week
ending on 23rd August 2013.
Factors that led to downside in Copper prices
• Weak marketsentiments and a stronger DX.
• However, positive economic data from major economies cushioned sharp fall.
Outlook
• Copper prices are expected to trade on a positive note during the week on the back of
expectations of rise in US GDP coupled with weakness in the DX. Additionally, global
refined copper production showed a deficit of 17000 tonnes in May for the first time
after seven months, will also support an upside. The Rupee factor will be additionally
supportive to prices in the Indian markets,.
Weekly Technical Levels
• LME Copper: Support $7260/$7130 Resistance $7460/$7540. (CMP: $7353)
• Buy MCX Copper August between 473-471, SL-468, Target -485. (CMP: Rs 475.05)

mcx tips for today

Gold
Gold jewellery exports fall 70 percent in July- GJEPC
• The Gems and Jewellery Export Promotion Council (GJEPC) said that the exports of gold have reduced by 70 percent in July due to non availability of
raw material , whereas silver exports have doubled during the same period
• The total gems and jewellery exports fell 17 percent to $2.49 billion, with gold exports falling to $441 million from $1.5 billion a year ago
gold rates

• Expectations of restart of gold imports by next week are doing rounds in the market.
• On the other hand, Silver jewellery exports surged 184 percent to $109.69 million .
Outlook
• Gold prices are expected to trade on a positive note in this week on the back of rise in physical demand coupled with increase in SPDR holdings.
• Further, weakness in the DX willsupport an upside in prices.
• Additionally, upbeat global market sentiments will act as a positive factor.
• In the Indian markets, depreciation in the Rupee will lead to positive movement in prices on the MCX.
Weekly Technical Levels
• Spot Gold : Support $1383/$1366 Resistance $1414/$1432 (CMP: $1397.10)
• Buy MCX Gold October between 31350-31300 SL-30900, Target -32,400. (CMP: Rs.31785)
mcx tips

27 august evening intraday commodity updates || today MCX gold silver tips || Live MCX evening tips for today

Commodities Weekly Tracker
Monday | August 26, 2013
Silver
Weekly Price Performance
• Spot Silver prices gained around 3.2 percent in the last week, taking cues
from rise in gold prices.
• The white metal gained 5 percent on the MCX and touched a weekly high of
Rs.53620/kg on Friday before closing at Rs.53469/kg.
• Positive economic indicators from the Euro Zone, UK and the US have revived
hopes of recovery in the advanced economies.
ETF Performance
• The iShares Silver Trust rose last week by 0.3 percent to 10,555.70 tonnes as
on 23rd August 2013.
• On a year-to-date basis, holdings have gained around 4.6 percent while on a
monthly basis the holdings have jumped by more than 1 percent.
Factor affecting the silver prices
• Rise in gold prices.
• Increase in ETF holdings.
• Favorable economic data from major global economies.
Outlook
• A positive trend is expected in case of silver during the week and factors like
increase in ETF holdings and overall supportive sentiments towards precious
metals will be positive.
• In the Indian markets, Rupee depreciation will be an additional supportive
factor.
Weekly Technical Levels
• Spot Silver: Support $23.43 /$22.77 Resistance $24.60/$25.30. (CMP:$23.95)
• Buy MCX Silver September between 52,200-52,100, SL-51,400, Target -
55,100. (CMP: Rs.53,532)
18
20
22
24
26
28
30
32
38,500
43,500
48,500
53,500
58,500
MCX and Comex Silver Price Performance
MCX-Near Month Silver Futures -Rs/ k

7 august evening intraday commodity updates || today MCX gold silver tips || Live MCX evening tips for today

Commodity market turn to fully red , gold break the level and comes under 27400 and touch an intraday low of 27364 per 10 gram at MCX for future active delivery. Similarly Mcx silver for future delivery fall by more than 700 point had touch a low of 40765. More declined is being experienced in bullion prices in evening trade at MCX with volatile movement.

MCX crude oil weak on intraday trading for future delivery , today for august delivery it touch a low of 6440, Meanwhile a mixed trend is expected to trade on evening session. Dollar VS Rupees level affect the trend and forces back in downside.

Today MCX copper fall by more than 0.40 percent to 427.20 at 3:31 pm. More declination is look on copper prices for future delivery. However due to strong dollar and overseas support base metal expected to trade with a mixed trend.

Mentha oil prices make a good recovery on afternoon trade after morning bearish watch at MCX. Today for august delivery it touch a low of 842.30 and high level of 861.50.

nickel supp 835 if holds buy 

copper too