AUD/USD - Australian dollar / US Dollar
Entry: 0.881
Stop: 0.884
Stop: 0.884
Resistances: 0.8875 - 0.885 - 0.8815
Supports: 0.858 - 0.876 - 0.879
Supports: 0.858 - 0.876 - 0.879
Showing posts with label commodity tips for today. Show all posts
Showing posts with label commodity tips for today. Show all posts
Wednesday, 22 January 2014
Saturday, 7 September 2013
SILVER UPDATES
silverupdates MCX Silver December as seen in the weekly chart above has opened the week at 55,188 levels initially moved sharply higher
but found very good resistance at 59,598 levels. Later prices fell sharply towards 53,351 levels and finally closed lower from
the previous weeks closing levels.
For the next week we expect silver prices to find Resistance in the range of 55,900 – 56,000 levels. Trading consistently
above 56,150 levels would lead towards the strong Resistance at 58,490 levels and then finally towards the major
Resistance at 62,170 levels.
Support is now observed in the range of 52,400-52,300 levels. Trading consistently below 52,200 levels would lead towards
the strong support at 49,740 levels, and then finally towards the Major support at 48,427 levels.
MCX / Spot Silver Trading levels for the week
Trend: Down
S1-52,400 / $ 23.04 R1-55,950 / $ 24.54
S2-49,740 / $ 22.26 R2-58,490 / $25.26
Weekly Recommendation: Sell MCX Silver December between 55,900-56,000, SL-57,401, Target -52,400
silverupdates,mcxtips
but found very good resistance at 59,598 levels. Later prices fell sharply towards 53,351 levels and finally closed lower from
the previous weeks closing levels.
For the next week we expect silver prices to find Resistance in the range of 55,900 – 56,000 levels. Trading consistently
above 56,150 levels would lead towards the strong Resistance at 58,490 levels and then finally towards the major
Resistance at 62,170 levels.
Support is now observed in the range of 52,400-52,300 levels. Trading consistently below 52,200 levels would lead towards
the strong support at 49,740 levels, and then finally towards the Major support at 48,427 levels.
MCX / Spot Silver Trading levels for the week
Trend: Down
S1-52,400 / $ 23.04 R1-55,950 / $ 24.54
S2-49,740 / $ 22.26 R2-58,490 / $25.26
Weekly Recommendation: Sell MCX Silver December between 55,900-56,000, SL-57,401, Target -52,400
silverupdates,mcxtips
Monday, 26 August 2013
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)
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)
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
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
• 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
Friday, 26 July 2013
mcxtips
MCX Tips: Live Market Prediction and commodity updates || gold silver trend for evening and live MCX prices
Today a bearish had been watched on morning and afternoon trade, but some correction is expected in evening, so wait for right level to book a profit. Bullion makes a sure shot recovery meanwhile some correction might be seen in seen in Crude oil above 6200. Base metal seems too volatile on evening trading after 7 pm. Nickel price at MCX for future delivery fall sharply on day trading and touch a low of 822. On domestic commodity market due to low physical demand in alloy industry nickel prices continue fall at MCX.
MCX tips
BUY MENTHA OIL JULY ABOVE 896 TGT 899, 905, 915 STOPLOSS 880
BUY GOLD AUGUST ABOVE 27370 TGT 27420, 27500, 27550 STOPLOSS 27150
BUY SILVER SEPTEMBER ABOVE 41150 TGT 41250, 41450, 41700 STOPLOSS 40700
BUY CRUDE OIL AUGUST ABOVE 6210 TGT 6220, 6230, 6250 STOPLOSS 6160
Subscribe to:
Posts (Atom)