Friday, 31 July 2015

Most Accurate Mcx and Commodity Tips Provider

MCX Aug Natural Gas was tested a valid tend-line resistance at 185 and turned the direction by forming a “bearish engulfing” candlestick pattern on daily charts. Now the bias turned on downside and is likely to drag the prices further down towards 177 & 174.5 levels. 

MCX Aug Mentha oil; “double bottom” chart pattern is under developing in 4 hourly charts, where as a neck-line level pegged at 952.30 levels. On a convincing close above the will confirms the further uptrend towards 965 & 977 levels, which is an equality target for the chart pattern.

NCDEX Aug Turmeric futures extended the gains on straight third trading session and ended up by 3.78%. A strong bull close on daily charts that the price strengthen further towards 61.8% Fibonacci level of 7300 levels, where as a support lies at 7080 levels.

www.marketmagnify.com
Ph: 0731-6619100

Thursday, 30 July 2015

Most Accurate Mcx and Commodity Tips Provider

MCX Aug Crude oil; as pressure build on upside oil prices have extended the gains by violating its falling trend-line resistance at 3077 and ended at 3148 levels, up by 2.10% on d-o-d basis. This development signifies that the uptrend has intact and is likely to extend the gains towards 3210 & 3267 levels.


MCX Sep Silver was traded in a narrow range 33380 to 34350 level from last couple of sessions. It was gained almost 201 points in the past and tested its key trend-line resistance of 34250 levels. However, short-term bearish view remains unchanged and these pullbacks can be considered as a selling opportunity at higher levels 34350 levels.

After a long phase of decline NCDEX Aug Jeera futures have reversed the down trend by forming a “bullish hammer” candlestick pattern on daily charts. This indicating some temporary pullback can be possible in the counter towards 15160 & 15345 levels.


www.marketmagnify.com
Ph: 0731-6619100

Wednesday, 29 July 2015

Trading in Commodity Market Without Loss

Gold firmed on Tuesday but remained near 5-1/2-year lows as markets braced for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a U.S. rate increase.

Silver was up 0.9 percent at $14.67 an ounce. U.S. consumer confidence weakened in July, due in part to a less optimistic outlook on the labor market, according to a private sector report released on Tuesday.

Oil prices steadied on Tuesday, with Brent recovering from near six month lows and U.S. crude settling more than 1 percent higher as bets for a drop in U.S. stockpiles offset concern over a global oil supply glut and China's stock market meltdown.

U.S. Natural gas futures gained 1 percent as options expire on Tuesday amid a Northeast heat wave this week and continued strong power sector air conditioning demand across the rest of the country.

www.marketmagnify.com
Ph: 0731-6619100

Monday, 27 July 2015

Trading in Commodity Market Without Loss

Gold prices made a slight gain Thursday after 10 consecutive down days as a weaker dollar and lower prices lured buyers back into the market. Prices inched higher as the dollar lost ground to the euro and the Japanese yen, luring foreign buyers to the market.

However, other precious metals, however, continued to drop, with silver futures sinking closer to a six-year low. The metal is down for a third day and heading for a fifth weekly loss that’s the longest such run since October. 

Weighing on the market was a downgrade by Goldman Sachs of its outlook for copper because of slower Chinese demand growth and higher supplies. It forecast prices to drop to $4,500/MT by the end of 2016.

In other metals, Aluminium also fell as analysts ramped up estimates of a global market surplus in Aluminium this year, expecting a near-tenfold increase to 325,000 MT, the Reuters poll showed.

Zinc the only metal pegged to have a deficit in the Reuters poll also ended down, while Nickel closed down, reversing a rally earlier in the week.

www.marketmagnify.com
Ph: 0731-6619100

Friday, 24 July 2015

Daily Commodity Market Trading News and Tips

Gold futures are expected to extend its negativism during the day as its appeal as safe haven among investors has been decelerating. US Jobless Claims fell to lowest levels in four decades. Further, host of economic events are prompting US Fed to think on raising interest rates in the current year.

Gold Spread movement: The calendar spread of Comex gold continued to slide and now standing at 0.3 levels. Indian MCX Spread for Aug-Oct stands at 217 levels.


Silver futures are expected to trade on a negative noted during the day moving in line with gold market. Weakness in base metals segment is also likely to weigh on the market. The gold silver ratio is moving in a band of 73.50 to 74.50 levels.

As on Friday morning, Comex silver futures made an intraday low of $14.43 per ounce.

www.marketmagnify.com
Ph: 0731-6619100

Thursday, 23 July 2015

Daily Commodity Market Trading News and Tips

MCX Aug Gold was begun the day with a gap down and there after continued the same trend and reached to its 2011’s low of 24670 levels. Further fall remains in-line towards 24545 & 24410 levels. However, any rise can be utilized to sell at 24760 levels.


U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year.

In-line with our earlier report, MCX Aug Copper was extended the fall towards 343.40 levels and ended down by 1.60%. Bearish outlook remains intact and fall can be possible towards 341 & 338 levels, where as a resistance resides at 346.20 levels. 

U.S. natural gas futures gained a couple cents to a one-week high on Wednesday on forecasts for steady, warmer-than-normal weather as the market awaits direction from the storage report.

www.marketmagnify.com
Ph: 0731-6619100

Wednesday, 22 July 2015

Daily Commodity Market Trading News and Tips

LME Aluminum was the worst performer last day with the commodity sliding by 1.66% to $1661/MT .

Copper prices for 3M forward contact at LME marked good loss last day losing around 0.5% to $5455 / MT.


LME Nickel commodity closed at $11675/ MT tad lower by 0.2%.

NG prices yesterday gained to almost 4 trade sessions high, getting closed at $2.882/ MMBtu gaining more than 2% for the August contract.

Slumping down from past 5 trade sessions, crude oil showed some positive corrections yesterday.

WTI gained more than 0.80% getting closed at $50.86/ barrel whereas Brent on the other hand gained almost 0.70% getting closed at $57.04/ barrel for the September contract respectively.

www.marketmagnify.com
Ph: 0731-6619100

Monday, 20 July 2015

Daily Commodity Market Trading News and Tips

Gold slumped as negativity from the Testimony depicted optimism into the US economy and indirectly acting bearish for the commodity. During the week, Fed said, "Prospects are favorable for further improvement in the US labor market and the economy more broadly”. Overall these updates have kept the commodity on a lower footing. From China, its Central bank last updated its bullion reserves on Friday for the first time since 2009. 


Silver as we have been re-iterating follows near similar cues as been the case in Gold. With the bigger metal losing at such an intense rate, it is likely that negativity would prevail in this metal as well. On the Gold/Silver ratio front, we had last week advised long positions with same moving firmly over the major resistance area around 75 last week.

www.marketmagnify.com
Ph: 0731-6619100

Friday, 17 July 2015

Daily Free Best Commodity Market Trading Tips

Gold
On Thursday, spot gold prices hovered near its lowest level since March and declined by 0.4 percent to close at $1144.7 per ounce. Federal Reserve Chair Janet Yellen reiterated that a U.S. interest rate increase is likely this year, buoying the dollar at bullion's expense.

On the MCX, gold prices declined by 0.3 percent to close at Rs.25771 per 10 gms.

Silver
Spot silver prices declined by 0.8 percent on Thursday to close at $15 per ounce. The fall in silver prices is in line with declining gold prices and the strengthening dollar index.

On the MCX, silver prices lost its value by 0.57 percent to close at Rs.32582/kg.

Crude Oil
On Thursday, WTI oil prices declined by 1 percent while Brent oil prices rose by 0.8 percent after a power outage shut production at Britain's largest oilfield and as the August contract approached expiration.

On the MCX, oil prices declined by 1 percent to close at Rs.3255 per barrel. 

Natural gas
NYMEX natural gas prices declined by 1.62 percent on Thursday to close at $2.85/ MMbtu while MCX gas prices also lost its value by 2.1 percent to close at Rs.181.40

www.marketmagnify.com
Ph: 0731-6619100

Thursday, 16 July 2015

Daily Free Best Commodity Market Trading Tips

Gold Comex for active August expiry shut 0.5% lower to $1147 per ounce whereas Indian MCX Gold too was down by 0.3% to Rs 25850 per 10 Gms.

Silver too moved lower along with gold with the commodity plunging around 1.75% to $15.05 per ounce at Comex markets.

NG prices last day raised seeing warm weather forecast, gaining 2.75% getting closed at $2.918/ MMBTu for the August contract.

Aluminum managed to swing back to the positive territory yesterday and settled at $1718 MT, up by around 0.64% from its previous close. The faster-than-expected economic growth in China, world’s largest consumer of metals, did lend support to the selective metals, helping the prices to climb the ladder. 

Copper continued to follow the path of dark alley of losses yesterday and settled at $5531 MT, down by around 0.61% from its previous close.

www.marketmagnify.com
Ph: 0731-6619100

Tuesday, 14 July 2015

Daily Free Best Commodity Market Trading Tips

Gold slipped 1 percent on Monday as the dollar rose against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the U.S. Federal Reserve was still on track to raise rates this year also weighed.

Greece won conditional agreement to receive a possible $95 billion over three years.


Silver dropped 0.9 percent to $15.45 an ounce.
Greece won conditional agreement to receive a possible $95 billion over three years, along with an assurance that euro zone finance ministers would start discussing ways to bridge a funding gap until a bailout – subject to parliamentary approvals – is finally ready.

Oil fell more than 1 percent on Monday after the United States kept alive hopes of reaching a nuclear deal with Tehran that could bring hundreds of millions of additional barrels of crude into an oversupplied market.

U.S. natural gas futures climbed 3.4 percent to its highest level in four weeks as traders cover shorts on forecasts calling for warmer weather, expected to boost air conditioning demand.

www.marketmagnify.com
Ph: 0731-6619100

Monday, 13 July 2015

Daily Free Best Commodity Market Trading Tips

Gold
Spot gold prices traded negative last week as a recovery in Chinese shares cooled fears of a wider rout in the major bullion consumer while strength in the U.S. dollar kept a lid on gains. The gold market was subdued after minutes from the U.S. Federal Reserve's last meeting, released on Wednesday, suggested caution towards a near-term increase in interest rates.


Silver
Last week, spot silver prices in the international markets traded lower in line with weakness in gold prices. Weakness in the base metals pack coupled with profit booking acted as a positive factor. Spot silver prices in the international markets declined by 0.51 percent and closed at $15.59/oz. On the MCX, silver prices declined by 0.18 percent and closed at Rs.35615/kg.

Last week, NYMEX crude oil prices declined by 7.36 percent and closed at Rs.52.74/bbl. On the MCX, crude prices declined by 5.37 percent and closed at Rs.3331/bbl.

www.marketmagnify.com
Ph: 0731-6619100

Friday, 10 July 2015

Daily Commodity Live Market Trends and Tips

MCX July Natural Gas was reversed the downtrend by forming a “bullish hammer” candlestick pattern on daily charts. This development argues that the temporary short covering has intact in the counter, which can take the prices further up towards 175 & 177.80 levels.



MCX July Aluminum’s uptrend has intact. A strong bull close followed by a “bullish hammer” candlestick pattern on daily charts renders that the trend remains positive and is likely to extend the gains towards 108 & 109.35 levels, which are 50% and 61.8% Fibonacci level of the recent fall. However, downside support pegged at 105.40 levels. 

MCX July Mentha Oil has given a breakdown from the falling channel support line at 1010 levels and managed to close well below the same. Further bearish outlook remains unchanged and is likely to extend the fall towards long-term rising trend-line support at 973 levels.

www.marketmagnify.com
Ph: 0731-6619100

Thursday, 9 July 2015

Daily Commodity Live Market Trends and Tips

Gold
On Wednesday, spot gold prices gained marginally by 0.23 percent to close at $1157.9/oz. Prices reversed after touching a four-month low as markets watched the tumble in Chinese stock markets and the unfolding Greek debt crisis.

Silver
Spot silver prices rose by 0.6 percent on Wednesday to close at $15.1/oz in tandem with rise in gold prices. Weakening dollar and positive copper prices acted as a positive factor.

Crude Oil
WTI oil prices declined by more than 1 percent on Wednesday to close at $51.7/bbl while Brent oil rose by 0.4 percent to close at $57.1/bbl after a surprise build in stockpiles while gasoline rallied on bets for strong fuel demand through the peak summer driving season.

Copper
LME Copper prices rose by 3.4 percent on Wednesday to close at $5520 on weakening dollar and short covering after the metal declined to six year low in the previous trading session.

www.marketmagnify.com
Ph: 0731-6619100

Tuesday, 7 July 2015

Daily Commodity Live Market Trends and Tips

MCX Aug Copper was begun the day with 2 rs gap down and there after continued the same trend and shed almost 11rs on daily basis. Near-term bearish outlook remains unchanged and further fall can be possible towards 355 & 351.30 levels. Hence, upside resistance pegged at 361 levels.

MCX July Crude oil prices trading in a broader range and there are no signs about the bottom yet. Further fall is on verge to test the downward trend-line support at 3351 levels, below that 3295 will be the next target. However, upside resistance remains at 3435 levels.

NCDEX July Dhaniya; “bullish hammer” candlestick pattern on daily charts renders that the uptrend has intact and further rally can be possible towards 12210 & 12380 levels. However, downside support remains at 11920 levels.

www.marketmagnify.com
Ph: 0731-6619100

Monday, 6 July 2015

Daily Commodity Live Market Trends and Tips

Gold prices firmed as the dollar softened, while investors remained cautious ahead of Greece's referendum on an international bailout deal.

Silver prices gained ground as the release of downbeat U.S. economic reports on Thursday dampened demand for the greenback.


Crude oil prices dropped as a rising U.S. rig count stoked more concerns about global oversupply.

Natural gas prices dropped driven by forecasts for warmer weaker and expectations that storage data will show a second weekly decline.

Copper dropped on worries about the fallout from Greece, but losses were capped expectations that further price falls could lead to production cuts.

Zinc settled flat as utilization rate at domestic galvanized manufacturers is not expected to improve.

www.marketmagnify.com
Ph: 0731-6619100

Friday, 3 July 2015

Daily Commodity Market News and Trading Tips

Gold
Spot gold prices declined by 0.24 percent on Thursday to close at $1165.8/oz although data showed the U.S. labor market was weaker in June than expected, indicating that the Federal Reserve may hold off from raising interest rates in September.

On the MCX, gold prices declined by 0.82 percent to close at Rs.26195/10 gms.

Silver
Spot silver prices rose by 1 percent to close at $15.7/oz. Weakening dollar and strength in Nickel prices acted as a positive factor.

On the MCX, silver prices decline by 0.45 percent to close at Rs.35873/kg.


Crude Oil
Oil prices declined by 4.2 percent on Thursday to close at $57/bbl. Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes. The firm said the number of rigs drilling for oil rose by 12 this week, the first rise since December. 

On the MCX, oil prices declined by 0.2 percent to close at Rs.3641/bbl.

Natural gas
On Thursday, Natural gas prices on the NYMEX rose by 1.51 percent while MCX gas prices rose by 2.03 percent as inventories rose less than market expectations. 

www.marketmagnify.com
Ph: 0731-6619100

Thursday, 2 July 2015

Daily Commodity Market News and Trading Tips

Gold
Spot gold prices declined by 0.32 percent on Thursday to close at $1168.5/oz as the dollar strengthened and hopes for progress in the Greek crisis revived after the country told international creditors Athens could accept their bailout offer if some conditions were changed.

On the MCX, gold prices declined by 0.23 percent to close at Rs.26411/10 gms.

Silver
Spot silver prices lost its value by 1.3 percent on Thursday to close at $15.5/oz. The fall is in tandem with gold prices decline coupled with strengthening dollar.

On the MCX, silver prices declined by 0.34 percent to close at Rs.36034/kg.

Crude Oil
Oil prices declined on Thursday with WTI and Brent falling by 4.2 and 2.5 percent respectively.

On the MCX, oil prices declined by 3.4 percent to close at Rs.3649/bbl.

Natural gas
NYMEX natural gas prices declined by 1.14 percent on Thursday to close at $2.78/MMbtu while MCX natural gas prices also lost its value by 1.28 percent to close at Rs.177.60.

Copper
LME Copper prices gained marginally by 0.2 percent on Wednesday buoyed by news that Greek Prime Minister Alexis Tsipras wrote a letter to creditors accepting most of the conditions attached to releasing more bailout cash.

MCX copper jumped by 1.4 percent and closed at Rs.374/kg on Wednesday owing to Rupee depreciation.

www.marketmagnify.com
Ph: 0731-6619100

Wednesday, 1 July 2015

Daily Commodity Market News and Trading Tips

Gold dropped as the dollar stood tall after Greece missed a loan payment to the International Monetary Fund.

SELL GOLD AUG @ 26575 SL 26700 TGT 26440-26250.MCX.

Silver dropped on speculation that Greece and its creditors could still agree on the modalities of the bailout aid badly needed by Athens.

SELL SILVER SEPT @ 36000 SL 36380 TGT 35780-35560.MCX.

Crude end higher ahead of the official weekly crude stockpile report, even as talks between Iran and the western powers was extended by a week.

SELL CRUDE OIL JULY @ 3740 SL 3700 TGT 3775-3820.MCX.

Copper prices dropped as concerns over a Greek default and the country's potential exit from the euro zone continued to dominate market sentiment.

SELL COPPER AUG @ 371 SL 373.80 TGT 367.60-364.50. MCX (STBT).

Zinc dropped as the Greek referendum scheduled for this Sunday added to uncertainty over the euro zone outlook.

BUY ZINC JULY @ 126.80 SL 125.50 TGT 127.80-129.MCX.

www.marketmagnify.com
Ph: 0731-6619100