Free Stock Tips and MCX Support and Resistance Level

Free Stock Tips BUY CANARA BANK FUTURE 

ABOVE 309.00 

TG1-310.00 

TG2-311.70 

SL-307.00.

OUR FULL TG-311.70 HAS ACHIEVED., BOOK PROFIT 40000/- IN JUST 5 LOTS.

MORNING BELL: MCX SUPPORT & RESISTANCE LEVEL 

GOLD JUN FUTURE 

R2–29150, R1-29050, S1-28800, S2-28700,

SILVER MAY FUTURE 

R2 –42650, R1- 42500, S1-42200, S2-42050,

CRUDE OIL APR FUTURE 

R2 –3360, R1-3335, S1-3280, S2-3255,

COPPER APR FUTURE 

R2 –388, R1-386.50, S1-382.50, S2-380.

Equity Tips | Crude Oil Trading Range

Crude oil gained boosted by an unexpected draw in U.S. gasoline inventories although bloated crude supplies meant that fuel markets remain under pressure.   

Thus, Crude oil trading range for the day is 3505-3573.   

Equity Tips BUY VEDL 250 PUT 

ABOVE 10.00 

Target1-10.55 

Target2-11.30 

StopLoss-8.95.

Intraday Views on Gold and Crude Oil

Precious metal

Precious metals prices fell to its lowest in 10 months on Friday as the dollar and global equities rose, and was headed for a fifth straight weekly turn down on hope of a Federal Reserve interest rate climb next week.

Free Intraday Tips SPDR Gold Trust GLD, the world's biggest gold-backed exchange traded fund, said its holdings stood at 857.45 tones, stay unmoved from past business day.

Precious metals are trading lower on COMEX today. We expect prices to trade lower for the day, dragged down by hope that a possible U.S. rate climb this week would control demand for the safe-haven asset.

Crude Oil

Crude oil prices rose about 1 percent on Friday on expectations that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC declared last week to control an oil glut.

Crude oil is trading higher on NYMEX today. We wait for prices to trade higher for the day, after OPEC and other producers over the weekend reached their first deal since 2001 to jointly decrease output in order to rein in oversupply and prop up the market.

Today’s Gold and Crude oil Market Report

 Gold rises from multi-month lows as dollar weakens

Gold rose over 1 percent on Monday, recovering from a 9-1/2 month low in the past session, as the U.S. dollar extended losses after touching a 14-year highs touched a week ago.

"A marginally weaker U.S. dollar saw gold prices recover some portion of the losses achieved before in the week. Buying also emerged as prices hit a key technical level," Get daily MCX Free Tips with accuracy by experts on mobile

Spot gold was up 1.05 percent at $1,195.26 an ounce by 0252 GMT. The metal marked its lowest since Feb. 8 at $1,171.21 per ounce in the past session.

U.S. gold futures rose 1.43 percent to $1,195.20 per ounce.

SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, said its holdings fell 0.73 percent to 885.04 tons on Friday from 891.57 tons on Wednesday.

Among other precious metals, silver gained 1.6 percent to $16.75 an ounce and palladium rose 0.3 percent to $743.13

Platinum was up 1.77 percent at $919.00.

Oil prices regain some ground after steep falls in front of OPEC meeting

Oil prices regained some ground after steep losses made since Friday in choppy trading in front of an arranged producer meeting on Wednesday aimed at reining in worldwide oversupply. You can also get share market tips after the complete analysis of market trends by experts for more info give missed call at 18003157801.

Brent crude futures were trading at $47.20 per barrel at 0346 GMT, down 4 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures were down 3 cents at $46.03 a barrel.

Daily Basis Fundamental View on Gold, Silver, Crude Oil and Copper

Gold

A Gold trading range for the day is 28905-29503.

On Thursday, spot gold costs declined by 0.73 percent to close at $1216 per ounce as costs drop to a 5-1/2-month low on Thursday, giving up earlier increases as the dollar index knocked a 13-1/2-year high on solid U.S. economic information and remarks by U.S. Federal Reserve Chair Janet Yellen that reinforced the case for climbing interest rates one month from now.

Spot gold has shed around 9 percent from the six-week high came too quickly after the U.S. election on Nov. 9. Join MCX Free Tips given by experts

At the MCX, gold costs declined by 0.86 percent to close at Rs.29131 per 10 grams.

Silver

The Silver trading range for the day is 40207-41657

Spot silver costs declined by 1.8 percent on Thursday to close at $16.7 per ounce, the fall in silver costs is in accordance with the decrease in gold costs and more grounded dollar list.

At the MCX, silver costs declined by 1.21 percent to close at Rs.40740 per kg.

GOLD – SILVER SPOT RATIO

The gold/silver proportion, which measures the quantity of silver ounces, expected to purchase an ounce of gold was trading flat on Friday morning. The gold/silver proportion was trading at 72.83 ounces contrasted and 72.96 ounces on Thursday.

Crude Oil

The Crude oil trading range for the day is 3034-3198.

WTI oil costs declined slightly by 0.3 percent on Thursday to close at $45.4 per barrels a stronger dollar exceeded desires of an OPEC arrangement to limit production.

On the MCX, oil costs declined by 0.4 percent to close at Rs.3109 per barrel. On the MCX, oil costs are required to exchange bring down today as international markets are trading lower by 0.8 percent at $45.04 per barrel.

Copper

The Copper trading range for the day is 361.8-380.2.

LME Copper costs exchanged higher by 1.2 percent yesterday at $5495.5/ton, as inventories are down around 19 percent this month and rose yesterday interestingly since eighteenth October'16. We also provide Future Tips on mobile after the complete analysis of market.

MCX copper costs exchanged lower by 0.7 percent to close at Rs.372.7 per kg on Thursday. We predict that MCX Copper costs will trade bring down today on the MCX.

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MCX Market Tips, Commodity Market Report

Gold

On Wednesday, spot gold prices rose by 1.66 percent to close at $1336.5 per ounce extending gains after the U.S. Federal Reserve held interest rates unchanged but sent a strong signal for monetary policy tightening before the end of 2016. "The case for an increase in the federal funds rate has strengthened," the U.S. central bank said in a statement following a two-day policy meeting. On the MCX, gold prices rose by 0.91 percent to close at Rs.31205 per 10 gms.

Silver

Spot silver prices rose by 2.8 percent on Wednesday to close at $19.8 per ounce in line with rise in gold prices and weakening dollar index. On the MCX, silver prices rose by 2.23 percent to close at Rs.47169 per kg.

Best advisory company presents mcx market tips which includes bullion, base metal and energy updates with trading advice, it also give best mcx support and resistance level.

Outlook

On an intraday basis, we expect gold prices to trade higher as US Federal Reserve has stand pat on the policy rate and signaled the possibility by end of 2016. Besides, weakening dollar will also act as a positive factor for the yellow metal. On the MCX, gold prices are expected to trade higher today although international markets are trading lower by around 0.3 percent trading at $1332.72 per ounce.

Daily Commodity Trading Market Report

Commodity Market Outlook

Gold prices are expected to trade lower today although markets keenly await the outcome of the monetary policy meeting of the US Federal Reserve scheduled on 20-21st September. Uncertainty will keep investors on toes hence; volatility is expected in the coming sessions.  

Comments from Venezuela about stabilising oil markets and clashes in Libya are push factors for oil prices to rise higher on intraday basis.

Copper prices will likely be under pressure today as investors will avoid commodities ahead of crucial FOMC statement due Wednesday.

News & Analysis

Investors keenly await FOMC statement due Wednesday

Tehran lends its support to stabilize the global oil market

LME Copper stocks rose 0.2 percent on Friday.

MCX Market Tips by Tradeindia Research which is best advisory company of indore here we presents support and resistance level of mcx commodity.

MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31212,

R1 -31010,

S1-30650,

S2-30450,

SILVER JULY FUTURE

R2 –46110,

R1- 45782,

S1-45101,

S2-44790,

CRUDE OIL JUNE FUTURE

R2 –3000,

R1-3054.

S1-2800,

S2-2760,

COPPER JUNE FUTURE

R2 –334,

R1-328,

S1-320,

S2-313.

INTERNATIONAL MARKET UPDATE

GOLD $ 1318.95

SILVER $ 19.307,

COPPER $322.90,

CRUDE OIL $ 43.64,

INR 67.043.

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MCX Market Tips | Commodity Outlook

INTERNATIONAL MARKET UPDATE

• GOLD $ 1318.40
• SILVER $ 19.212,
• COPPER $323.80,
• CRUDE OIL $ 44.41,
• INR 66.995.

Outlook

Gold prices are expected to trade lower today on account of profit booking at higher levels and stronger dollar. Markets keenly await the outcome of the monetary policy meeting of the US Federal Reserve scheduled on 20-21st September.

High crude oil inventories in the US high supplies also remain a cause of concern for oil markets. We expect oil prices to trade lower today.

Copper prices will likely sideways as investors will avoid commodities ahead of crucial FOMC statement. Also, volatility will be low as Chinese markets are closed for mid autumn festival.

Free MCX Market Tips, 5-6 Intraday Calls, Commodity Market trend, Resistance & Support.

MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31212,

R1 -31010,

S1-30650,

S2-30450,

SILVER JULY FUTURE

R2 –46110,

R1- 45782,

S1-45101,

S2-44790,

CRUDE OIL JUNE FUTURE

R2 –3000,

R1-3054.

S1-2800,

S2-2760,

COPPER JUNE FUTURE

R2 –334,

R1-328,

S1-320,

S2-313.

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Commodity Tips with Daily Report

MCX Gold Oct Technical View: MCX Gold prices are trading in a falling channel formation on hourly time frame.  For now we expect prices should move lower towards 30450 levels in the coming trading sessions.

MCX Silver Dec Technical View: MCX Silver prices observed breakdown of its Rectangle pattern at 45167 levels on hourly time frame. For now we expect prices to move lower towards 44600 levels in few trading sessions.

MCX Crude Oil Sept. Technical View: MCX Crude Oil prices have breached its Horizontal trend line support near 2900 on hourly time frame. For now we expect prices to move lower towards 2810 levels in coming trading sessions.

Free trial on Commodity Tips, 5-6 Intraday Commodity Calls

Fundamental News:

Gold prices rebounded mildly in Asia on Friday as investors squared positions ahead of next week's two-day Fed meet widely expected to keep interest rates steady.

Gold prices were little changed on Friday, as markets continued to digest the previous session’s weak U.S. economic reports and investors awaited fresh U.S. data to be released later in the day.

U.S. oil futures fell to fresh two-and-a-half week lows on Friday, as rising exports in Iran, Libya and Nigeria sparked fresh supply glut concerns.

Iran has doubled crude exports this year as it seeks to regain market share. Major producers are due to meet later this month for talks on the oil glut. Earlier this year Iran snubbed a proposed freeze on output.

Oil was sharply lower Friday on ongoing supply concerns with U.S. rig count data due.

The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending September 13 on Friday. 

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MCX Market Tips | Crude Oil Updates

The oil companies after deduction of twice the ordinary people have been jolted. Rs 3.38 to Rs 2.68 per liter and diesel petrol companies have been costly. After the hike, petrol in Delhi will be 60.09 per liter from Rs 63.47. However, diesel Rs 50.27 per liter from Rs 52.94 to get in. Both increased by around 5% rate is applied after midnight Wednesday. Also Thursday, the government subsidized LPG cylinder price hiked by Rs 2.

Crude zoomed in petrol, diesel prices - In August, Brent crude jumped 18 per cent. Crude was 42.14 dollars a barrel on August 1. On August 30, crude was trading around 49.70 dollars a barrel. The highest level of 50.89 touched in August crude.

What would be the effect?

Will have a direct impact on the prices of commodities. If further retain it fast so the whole is expected to rise in inflation. 

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Commodity Tips | Oil Prices Drop on returning Libya

Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut. Brent crude futures were trading at USD 46.32 per barrel at 0107 GMT, down 27 cents, or 0.6 percent, from their last settlement. US West Texas Intermediate futures were down 24 cents, or 0.6 percent, at USD 43.67 a barrel.

Returning supply from Libya and Nigeria will hamper a rebalancing of the global crude market, weighing on sentiment, traders said.

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