mcx tips

MCX TIPS Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Bullions
Gold MCX Oct Down 32200 32400 32604 32900 33200
Spot Gold Sideways 1376 1384 1393 1406 1418
Silver MCX Dec Down 53900 54400 54990 55400 55900
Spot Silver Sideways 22.90 23.20 23.44 23.60 23.90
Base Metals
LME Copper Sideways 7015 7099 7183 7240 7296
Copper MCX Nov Down 474 478 483.7 487 492
Zinc MCX Sept Sideways 121.00 122.00 123.40 124.50 125.50
Lead MCX Sept Down 139.00 140.00 141.65 142.50 144.00
Aluminium MCX Sept Down 115.00 116.00 117.25 118.50 119.80
Nickel MCX Sept Down 894 902 910.2 917 925
Energy
Crude Oil MCX Sept Down 7000 7060 7127 7200 7280
Crude Oil NYMEX Oct Sideways 105.50 106.40 107.44 108.50 109.75
Brent Crude Oil MCX Sept Down 7600 7660 7728 7800 7880
Brent Crude Oil NYMEX Oct Sideways 113.20 114.10 115.10 116.10 117.30
Natural Gas MCX Sept Sideways 238 241 244.1 247 250 

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

mcxtips

Today Gold support and Resistance || intraday MCX tips, Crude oil trend for today and Lead level for 25 July
Oil prices fall on Asian trade , china slow economic down and strong US Dollar pressure result dropdown on Thursday Singapore trade. On early morning New York main contract WTI (West Texas intermediate) for September delivery fall by 57 cent at $104.82 a barrel.  On domestic commodity market crude oil open in negative side with a small loss against its previous close of 6267. On Thursday morning Crude oil for future delivery open at 6261 at MCX.

MCX Bullion is bearish after open in positive side. Today at MCX gold prices open at 27255 bit high from its last close at 27240. On morning trade gold and silver are expected to trade in down side. Today MCX silver open at 41452 on intraday trade for future delivery its previous close is Rs 41346.
Gold support and resistance

S1: 26950, S2:26850
R1: 27450, R2: 27565

MCX copper and nickel continue its worst session on Thursday morning too, today copper prices open at 419 down by 0.65 point for future delivery. Similarly nickel open in deep side at 843 its last close is 846.10.

Lead support and Resistance