mcx tips for today

MCX Gold October as seen in the weekly chart above has opened at 31,802 levels initially made a high of 31,967 levels and
then fell sharply lower throughout the week, breaking both the supports, but finally made a low of 29,501 levels and closed
sharply lower from the previous weeks closing levels.
For the next week we expect gold prices to find Resistance in the range of 30,500 – 30,600 levels. Trading consistently above
30,700 levels would lead towards the strong Resistance at 31,500 levels and then finally towards the major Resistance at
32,970 levels.
Strong Support is now observed in the range of 29,100-29,000 levels. Multiple closing below 29000 levels or Trading
consistently below 28,900 levels would trigger an extended fall initially towards 28,050 levels, and then finally towards the
Major support at 27,342 levels.
MCX / Spot Gold Trading levels for the week
Trend: Down
S1-29,050/ $ 1290 R1-30,510 / $ 1350
S2-28,050 / $ 1253 R2-31,510 / $ 1380
Weekly Recommendation: Sell MCX Gold October between 30,500-30,600, SL-31,501, Target -29,100.

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 

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

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