18 April: MCX Market Update | Commodity Best Tips

PRECIOUS METALS: 

Precious metals traded steadied on Friday after three days of declines as the U.S. dollar fall, gold weaken more than silver as gold/silver ratio fall on charts also supporting silver. SPDR Gold Trust GLD, the world's largest gold-backed exchange traded fund, said its holdings stood at 812.46 up 5.64 tonnes, from previous business day. Holdings of the argest silver backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10366.70 down 29.59 tonnes, from previous business day. 

ENERGY: 

MCX Crude oil prices fell on outcome of oil producers weekend meeting in Doha, with their failure to reach even a weak agreement showing very publicly their divisions and inability to act in their own interests. Kuwait reduced its crude oil output and refining production on Sunday as part of an emergency plan to help the OPEC member deal with the largest etroleum workers' strike in years. 

BASE METALS: 

Industrial metals fell on Friday after strong Chinese economic data raised fears that government stimulus programmes in the top metals consumer are not sustainable, and as the market also looked ahead to a key meeting of oil producers. Heavy rains in central Chile have prompted global miner Anglo American Plc and state-owned producer Codelco to temporarily uspend operations at two major copper mines with combined annual capacity of 880,000 tonnes. 

MCX GOLD JUNE:
RESISTANCE2:29600
RESISTANCE1: 29300
SUPPORT1:28700
SUPPORT2: 28500

MCX SILVER (MAY): 
RESISTANCE2:39500
RESISTANCE1: 39000
SUPPORT1:37800
SUPPORT2: 37400

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The decline in Gold and Silver, MCX CrudeOil dominating on the quarterly

Tuesday's record rally in MCX Crude has continued to fall today. Brent crude in the international market fell half a percent to $44.44. In Early Trade MCX Crude is trading at 2767 with a fall of 0.54 percent. 

These fall after record gains in crude due witnessed profit booking. With this supply is expected to rise also weighed on prices. US crude stocks rose last week 6.2 million barrels. After which the supply is likely to increase prices to dominate. 

In early trading, while gold and silver prices have also declined. MCX Gold in early trading 0.33 per cent down at Rs 29240 per 10 grams level. Meanwhile, silver fell by 0.63 per cent level is 38070. Metal prices fall in gold prices in the global market because of the pressure has been reported. 

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Commodity market at boom|MCX Crude beyond $ 42|MCX NCDEX Tips

Estimates of production decline in the US surge in crude oil prices have been recorded. Brent crude prices rose above $42. At domestic market the MCX crude oil with 1 percent up is at Rs 2,650. 

The decline in the dollar, while gold has increased brightness.While silver is nearly 0.5 percent boom. MCX gold in the domestic market with a gain of 0.5 percent and is trading at Rs 28,300. While silver gained 0.25 percent to trade Rs 36,800 remains. 

Agri commodities lead:  

Agri commodities soya oil is showing growth , while there has been a sharp rise in guar seed. NCDEX May futures of Soya Oil rose 0.3 percent and is trading at Rs 667.8. The May futures on NCDEX guar seed jumped 1.5 percent and reached to Rs 3,430. 

Modest boom in base metals: 

Aluminium rose 0.1 percent on MCX is trading at Rs 101.2. Copper with a gain of 0.4 percent is trading above Rs 309. Lead gained 0.5 percent and the price has risen to Rs 114. while zinc With a gain of 0.5 percent, Is trading at Rs 117.8. 

Intraday Call by Experts :

Buy NCDEX Kapas April between 782 – 786, SL – 770, Target – 805 / 810

MCX Crude prices 2.5 percent UP, A Slight Weakness in MCX Gold

Crude Prices have been recorded with a jump of 2.5 percent in global . While the price of Brent has risen beyond $ 38.5. It is believed that after the statement of Kuwait on the refrigerator production crude prices has seen up. MCX Crude on the domestic market with a giant leap of 3.5 percent reached Rs 2460.

Slight decline in gold: 

Yesterday's sharp decline in the global market in gold was modest. Comex Gold prices remained at $ 1230. MCX gold began to flatten in the domestic market is trading at Rs 28770. With a slightly sluggish 0.1 percent, silver also fell to Rs 36,000.

Agri commodities slight weakness: 

NCDEX sugar with a slightly sluggish 0.1 percent arrived at Rs 3495. SoyOil prices have risen to Rs 649.5.

Base metals gain: 

At the Multi Commodity Exchange, aluminum in the domestic market rose 0.2 percent, while copper rose 0.5 per cent is trading at Rs 317. While zinc is trading at Rs 120, with rose 0.2 percent.

MCX Gold and Agricultural commodities at boom | NCDEX Tips Today

US non-farm payroll data in the mixed trend in the commodity market. COMEX gold fell by 0.3 percent recorded. MCX Gold prices in the global market has come With 0.3 per cent to $ 1,230 an ounce. 

MCX gold in the domestic market with a gain of 0.1 percent reached Rs 36.4775.

The decline in crude oil: 

In Global Market with Gold, crude has been also fallen. CrudeOil Fell by 1.5 percent to trade at $40 a barrel. About 2 percent on MCX crude is back Fell 2 percent after crude dropped to Rs 2,525. With a gain of 0.5 percent, while natural gas is trading at Rs 130. 

Agri commodities boom: 

NCDEX Jeera seems with a gain of 0.25 percent to trade at Rs 15,600. Turmeric 1 percent increased and trading at 8190. Cumin has gained marginally, While turmeric has been strengthened.

MCX NCDEX Tips :
SELL COPPER APRIL BELOW 317.50, TARGET - 312, STOPLOSS - 321

Non Subsidized cylinders 4 Rupees low, Fuel Prices increased

Without subsidized LPG price got cheaper by Rs 4 told by Oil marketing company IOC. Now it will get Rs 509.50 instead of Rs 513.50 cylinder. 

While ATF or jet fuel prices has been enhanced by Rs 3,319 per kl . Jet fuel prices in Delhi increased from 38,785 to 42 157 liters per kg.

The cylinder will be @Rs 509.50 :

The nation's largest Company OMC, IOC after deduction of Rs 509.50 in Delhi will no subsidized cylinders. 

While in Mumbai the price of non-subsidized cylinder has been declined from Rs 522.50 to Rs 518.50. New price in Kolkata and Chennai, Rs 521 previous it was 536.50.

Modest gains in MCX Gold, MCX CrudeOil and Metals fall

Record stores in the US has increased pressure on crude prices. NYMEX crude prices at $ 38, While Brent crude prices are below $40. MCX Crude oil fell 1 percent to Rs 2,525. while natural gas is trading at Rs 132.4 with osteoporosis of 0.3 percent.

Modest gains in MCX Gold:

Gold prices fell by 0.07 percent on the Comex under $ 1230 is reached. While silver is at $15, with a slight decline. With a gain of 0.15 percent on MCX gold is trading at Rs 28450. while silver is at Rs 36400 with a gain of 0.2 percent. 

Lethargy in base metals:

Base metals slowdown trend is being witnessed. Copper fell 0.4 percent to trade at Rs 320. While lead is at Rs 114 with fall of 0.1 percent. While zinc fell 0.3 percent. 

Agri commodities weakness:

Agri commodities cotton oilcake trick is weak, while cumin is also dropped. NCDEX cotton oilcake with a weak 0.4 percent and trading at Rs 2240. NCDEX jeera is Down 0.7 percent to trade at Rs 15,400.

MCX NCDEX Tips | Commodity Best Tips | MCX Live calls | Agri Tips By Experts

Today the MCX Gold Prices is declining for the second consecutive day. Had lower levels of gold a month ago, which continues today. Currently, 0.12 percent on the Comex, gold is weak. $ 1,220 per ounce on the Comex, gold prices have been coming down. 

Light declined, while silver is trading at $ 15. MCX gold in the domestic market declined by 0.25 percent to Rs 28,400 has come down. With a slightly sluggish 0.1 percent, while silver fell to Rs 36,525. 

MCX Crude has declined in global markets. 0.41 percent on weakness with Nymex crude has come down to $ 40. while in Brent crude 0.51 percent weakness has been seen. 0.51 percent with weakness has come close to $ 40. While MCX crude oil slipped 0.3 per cent to Rs 2625. 

Agri commodities weakness:  

NCDEX soybean with 0.5 percent has come down to Rs 4,050. NCDEX Chana 0.5 percent to Rs 4530 has come with osteoporosis.

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MCX Gold is 1 month Low price | Commodity Best Tips | MCX NCDEX Calls Today

Because of the rise in US crude reserves was a decline in crude oil. However, at the beginning of the week, crude has bounced back. 

Currently, NYMEX WTI crude reached at $ 40 with a gain of 1 percent. Brent crude reached to $40.6 with rise of 0.5 percent. 

MCX GOLD at One Months lowest levels:

Comex gold prices dropped to the lowest level in nearly a month. COMEX gold fell by 1 per cent to $ 1,211 per ounce. The gold is at lowest level since February 22 . However Comaks silver rose by 0.25 percent to $ 15.2 per ounce level. At the MCX, gold fell by 0.75 percent to Rs 28400. 

while silver fell more than 0.25 percent to trade at Rs 36,550. It is believed that the Fed meeting in April, interest rates can be increased. The US central bank in the previous meeting clearly indicated that 2016 interest rates may have increased 2 times. 

Agri commodities boom:

Agri commodities have risen in cumin. NCDEX Jeera with 2 percent rise reached at Rs 15700. The Rs 4465 per gram reached 1.75 percent.

 

The Indian crude basket crosses $ 38 | MCX NCDEX Tips Today

Indian crude basket price exceeded by $38 a barrel on Thursday. Oil prices are likely to increase. Strengthening of the rupee against the dollar put pressure on the oil companies has shrunk slightly. 

According to data released by the oil ministry on Thursday against Wednesday's price of Indian basket of crude oil at $ 1.95 a barrel to $ 38.05 per barrel, or about 5 percent more expensive and reached 38.05 dollars per barrel. However, the 0.7 percent growth witnessed in the rupee. 

With the help of appreciation in rupee decline in the Indian rupee against the dollar basket of crude oil has dropped. According to the oil ministry on Thursday, crude oil basket was at 2545 per barrel. 4.68 percent, as compared with the previous session witnessed.  

MCX Crude prices continued to rise on Wednesday as oil companies increase prices of petrol and diesel. Similarly , if crude prices continued to rise till the end of March, There would be no hope in prices of CrudeOil. The rise in prices is also possible.

BUY GOLDMINI APRIL ABOVE 29450, STOPLOSS BELOW 29300, TARGET 29560-29680. 

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MCX Gold up by 2.5 percent, Crude oil beyond $ 40

The US Federal Reserve's decision to not raise interest rates after the strong rally in gold. Comaks gold rose 2.25 percent and is trading at $1258. While silver is also seeing a boom. 

With 2.3 percent growth Comaks silver has reached $15.6. The same with a gain of 1.5 percent on MCX gold is trading at Rs 29,400. MCX Silver with a gain of 1.5 percent is trading at 37,450 rupees.  

Base metals boom :

Base metals rose 0.2 percent aluminium is trading at Rs 101. MCX Copper prices have reached Rs 337, nearly 1 percent gains. while nickel is reached to Rs 583 with 0.8 percent up.  

Agri commodities bounce :

At the Multi Commodity Exchange , mentha oil with 0.25 percent high is trading at Rs 873.3. NCDEX guar seed at Rs 3075 with a gain of 0.5 percent.

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MCX gold and silver is down | MCX Live calls | NCDEX Tips Today

Because of weak global cues futures trade, Gold and Silver prices have declined. MCX Gold price for June delivery fell 0.52 percent or Rs 158 per ten grams to trade at Rs 29940. While the price of gold for delivery in April fell by 0.50 percent or Rs 148 per ten grams is at 29661 level. 

MCX Gold prices fall is mainly due to a slowdown in global prices. In the international market the level of Gold has come to $1254 per ounce with Fell 0.54 percent. 

In Silver with gold futures trading has also declined. On the MCX, silver prices for May delivery fell 0.79 percent or Rs. 297 to trade at Rs 37,130 per kg. The prices for delivery in June fell by Rs. 262 per kg to trade at 37,613. 

MCX NCDEX Tips Today:

Buy Crude March in between 2485/2480 stoploss 2465 target 2540. 

MCX Crude can be expensive by 70% in a year, fuel prices will increase

Global crude prices could go up to $ 55 in the next 12 months. According to a report by UBS since the second half of 2016, crude prices may be recorded. 

It will have a direct impact on the prices of petrol and diesel in the country and is likely to see an increase in prices. Will see a direct impact on inflation. 

Prices will increase by the end of 2016: 

According to the report, short-term crude oil prices to $ 25 per barrel may occur. But in the long term is likely to see a recovery in prices. Balance end of 2016, due to market sentiment, prices of crude could reach $ 55 a barrel. 

According to the report from the second half of 2016, crude oil prices will start to see a recovery. According to the report, Saudi Arabia, Nigeria and African oil exporters to balance their budgets is essential for prices.

Crude Oil is Up Today| MCX Live Updates | Commodity Best Tips

The expected agreement on oil producing countries cut crude prices have continued to edge. 0.2 percent in early trading saw crude prices, and the prices are close to 34.7 dollars per barrel. Commodity expert expected that production may get cut with the global stock markets have increasingly resorted to crude.

MCX Crudeoil is trading at 2,343.00 at gains of 2.00 or +0.09%.

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MCX Gold is trading Up | commodity Best Tips Today

Global equity market faster than expected due to the pressure on gold prices is being witnessed. April futures on MCX gold declined by Rs 86 and trading at Rs 29,137 /10 grams, while MCX Silver remains March futures are trading at Rs 59 to Rs 35,680. 

MCX Crude today is profit being recorded. MCX crude March futures contract declined by Rs 2313 to $ 31/ barrel, while Nymex crude remains is trading at $ 34, down $ 0.39/barrel. 

Basemetals- Basemetals get the advantage of China's markets yesterday were China market rose 2 percent . MCX Copper April contract rose by Rs 1.75 to Rs 326 / kg , lead March contract rose 0.45 to Rs 121.50, nickel March contract rose by Rs 1.50 and is trading at Rs 593.10 / kg. 

Commodity Best Tips By Experts: 

CRUDEOIL BUY ABOVE 2321 TGT 1 2342.03 TGT 2 2350.12 TGT 3 2376.12 SL 2308

Budget : Expectation from Commodity Market in 2016

In 2015 the budget for the commodity market regulator FMC merger-except there was no major announcement. In the last budget, the finance minister before the commodity market which had several offers CTT(commodity transaction tax) to delete, FCRA amendments and mergers involving regulator FMC. 

But the budget in 2015, the finance ministry announced the addition of Sebi-FMC merger proposal is not a commodity market. 

What are the expectations from the 2016 budget of commodity market:

MD of MCX commodity market PK Singhal said, we are seeking for several years to remove the CTT. But this year we demand from Finance Minister that they should either remove or make lower use of CTT in Commodity Market.

After the merger, according to Singhal regulator FMC FCRA does not require a change in the commodity market regulator Sebi after the merger option could even start. 

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Impact of Budget 2016 on Commodity Market Players

A lot of changes and reforms were expected in Commodities which ranged from amendment of the FCRA bill to allow foreign institutions and domestic fund hours to trade in domestic futures, reduction in import duties for precious metals and more importantly, a reduction in CTT was also something we looked forward to

Arun Jaitley in Budget 2016-17 announced that SEBI will develop new products for commodity derivatives. However, apart from this, the Budget failed to offer cheer for commodity markets.

 What was expected?

Reduction in CTT for Commodities
Reduction in Import Duties for Bullions
Amendment of FCRA

GOLD and SILVER Begin with the fall | MCX Live Calls

Pressure on gold and silver prices in the global market is being witnessed. Gold and silver in the domestic market are open in the red sign today. 

MCX gold April contract declined by Rs 111 to Rs 29,443 / 10 grams, MCX silver declined by Rs 103 to trade at Rs 37,140. Gold prices on the Nymex on Wednesday saw a gain of $ 20. 

Asian markets continue to profit from the weakness in crude prices. Domestic crude March contract declined by Rs 13 and trading at Rs 2,207/barrel. Basemetals volatility being witnessed today. 

MCX Copper February contract fell by Rs 0.20 & trading at Rs 317.90/kg, lead by Rs 0.45 to Rs 117.80/kg , nickel February contract fell by Rs 4.60, trading at 587.40/kg. 

MCX Live Calls:  

SELL LEAD BELOW 117.50 SL ABV 119 TGT 116.40-115.20.

23 Feb : Fast onset of gold and silver, crude dearly | Commodity Tips

Weakness in the dollar index and the decline in global equity markets has been witnessed bullish trend in gold. April futures on the Multi Commodity Exchange, MCX Gold rose by Rs 232 to Rs 29,198 / 10 grams, silver rose by Rs 211 March futures at Rs 37,192 / kg. 

MCX Gold on the Nymex gained $ 10 to $ 1,220 / oz and silver trading at $ 0.10 with a gain of 15.29. 

NCDEX crude prices in international markets is putting pressure on the domestic market. MCX crude March contract declined by Rs 52 to Rs 2,277 / barrel. Nymex crude fell $0.45 is trading at $32.94 barrel. The Indian crude oil basket price rose by 19 cents to $ 31.26 / barrel. 

Commodity Tips Today : 

BUY CRUDEOIL ABOVE 2303, TGT1: 2367.72, TGT2: 2392.6, TGT3: 2472.6, SL: 2263 

Gold and Silver started today with fall | MCX NCDEX Tips

International markets are getting weak in the domestic market, the introduction of gold and silver, the pressure is being witnessed. MCX gold futures April contract declined by Rs 387 to Rs 29 128/10 grams, silver declined by Rs 37,055 to Rs 462 in March contracts / kg. On the Nymex, gold fell by $ 13 to $ 1218 / ounce and silver fell $ 0.13 trading at $ 15.24 / ounce.

Where as rally in crude oil in the international market has begun once again. The domestic market is also getting the benefit by this. MCX crude March contract rose by Rs33 to Rs 2,235 / barrel and Nymex crude rose by 0.54 dollars to $ 32.29 / barrel. 

Basemetals - in strong position in the domestic market is being witnessed. MCX Copper February Contact 2:55 Rs 318.65 with a gain / kg , lead February contract spurted 119.80 Rs 0.55 / kg , nickel February contract rose by Rs 3.90, 588.30 / kg remains.