MCX Commodity Tips - The Bullion Metals

MCX Commodity Updates- Bullion Trend

2012-02-03T17:54:00.000+05:30

Bullion Trend

Both Precious metals are on bearish phase, no correction seems at current mooment, Gold al most 28% down while Silver is facing down trend by 34%. If Gold will break the Resistance level of the 29028 then it will show the bullish trend, else from the support level of 28035 it may go down. Silver major trend is bearish from this level we are not suggesting it for buy. Because of the world commodity's impact most of commodity were down & no clear picture seems at that time.

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Commodity Updates with MCX Data

2012-02-03T09:22:00.000+05:30

Commodity Updates

- GOLD RISES TO 8-WEEK HIGH, FIRM EURO SUPPORTS.

- CRUDE OIL FALLS TO SIX-WEEK LOW AS U.S. STOCKPILES RISE, FUEL DEMAND SLIP.

- COPPER TRADES STEADY AHEAD OF U.S DATA.

- DOMESTIC OIL AND OILSEED TRADE LOW.

MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 3^RD FEB	7:00pm	USD	Non-Farm Employment Change	153K	200K
	7:00pm	USD	Unemployment Rate	8.5%	8.5%
	7:00pm	USD	Average Hourly Earnings m/m	0.2%	0.2%
	8:30pm	USD	ISM Non-Manufacturing PMI	53.1	52.6
	8:30pm	USD	Factory Orders m/m	1.5%	1.8%

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Live MCX Market Data

2012-02-02T09:22:00.000+05:30

MCX Data
- GOLD STEADY; U.S., EUROPE DATA EYED.
- OIL RISES IN NEW YORK AFTER INCREASE IN CHINESE MANUFACTURING.
- COPPER GAINS ON POSITIVE CHINESE MANUFACTURING PMI.
- DOMESTIC OIL AND OILSEED TRADE STEADY.

Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 2^ND FEB	6:00pm	USD	Challenger Job Cuts y/y		30.6%
	7:00pm	USD	Unemployment Claims	373K	377K
	7:00pm	USD	Prelim Nonfarm Productivity q/q	1.0%	2.3%
	7:00pm	USD	Prelim Unit Labor Costs q/q	0.9%	-2.5%
	8:30pm	USD	Fed Chairman Bernanke Testifies
	9:00pm	USD	Natural Gas Storage		-192B

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MCX Commodity Updates

2012-01-31T18:07:00.000+05:30

Gold MCX Trend
Gold is volatile today & can move both side. Investment demand for the yellow metal remained muted yesterday as holdings at SPDR Gold ETF remained unchanged yesterday.

Today in the evening session of the trade we have U.S. Consumer Confidence data which is expected to improve and hence would support the financial markets and would also support the Precious Metals Complex.

Silver updates
MCX Silver can be buy if it will cross the level of 57150 else silver may seen the level of 56650 today. COMEX Silver Mar futures also fell facing the cautious sentiment and they fell by 0.78 percent to $33.527 per troy ounce from $33.790 per troy ounce the prior day. Investment demand for the white metal showed resumption to the tune of 98.25 tonnes yesterday at iShares Silver trust while the Gold/Silver ratio showed deviation as it increased to 51.63 from 51.28 the prior day.

Copper Updates
LME Copper Feb futures fell by 1.16 percent yesterday to $8,420.75 per ton compared to prior day while COMEX Copper Mar futures also fell by 1.61 percent to $3.8265 per pound from $3.8890 per pound the prior day. What kept the metals complex down was the lingering worries regarding the Greece Swap deal, stronger greenback and weak economic data coming from U.S. pressurized the complex.

The world's largest copper producer Chile said its December copper output gained 2.2 per cent on the year to 509,407 metric tons. However, production for all of 2011 fell 3.2 per cent from the prior year to 5.25 million metric tons, the government statistics agency said Monday. The agency cited inclement weather, labour strikes and falling ore grades, or the amount of copper contained in mined material, as the reason for the drop in 2011 production.

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MCX Commodity Market Data

2012-01-31T09:31:00.000+05:30

MCX Market Data

- GOLD OFF 7-WEEK HIGH; GREEK DEBT TALKS EYED.
- CRUDE OIL TRADES BELOW 100$ AHEAD OF EU SUMMIT.
- COPPER DROPS AHEAD OF EU SUMMIT; GREEK DEBT DEAL EYED.
- INDIAN PEPPER AND JEERA TRADE LOW.

Date	Time	Currency	Economic Data	Forecast	Previous
TUE 31^ST JAN	7:00pm	USD	Employment Cost Index q/q	0.4%	0.3%
	7:30pm	USD	S&P/CS Composite-20 HPI y/y	-3.3%	-3.4%
	8:15pm	USD	Chicago PMI	63.1	62.5
	8:30pm	USD	CB Consumer Confidence	68.2	64.5

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MCX Gold & Copper Updates

2012-01-30T18:00:00.000+05:30

Gold MCX Trend

Weaker than expected U.S. GDP report prompted investors to park funds in the safe haven asset and we saw the Precious Metals Complex extending their advances on Friday after COMEX Gold Feb futures rose by 0.32 percent to $1,732.2 per troy ounce from $1,726.7 per troy ounce the prior day. Later in the night session after Fitch rating agency downgraded five Euro Zone member countries, the greenback recouped from its lows but still the Precious Metals held on to their gains. Investment demand for the yellow metal showed some strength after holdings at SPDR Gold ETF showed resumption of 10.0 tonnes on Friday.

A higher than expected rise in the Euro Zone sentiment data would support the Euro and Precious Metals while a fall in the U.S. spending compared to the analysts expectation would further support the Precious Metals Complex. Markets would also be eyeing the outcomes of the EU Summit and the Greek debt swap deal.

Copper Updates

LME Copper Feb futures closed down by 0.77 percent to $8,519.25 per ton on Friday while COMEX Copper Mar futures also edged down by 0.32 percent to $3.8890 per pound from $3.9015 per pound the prior day. Weaker than expected U.S. GDP report coupled with no news coming from China regarding easing of monetary policies kept the outlook of this metal demand low and hence prices were scaling down. Markets are also eyeing the Greek debt deal and the outcome of the EU Summit in Brussels today where the leaders are to discuss the region’s debt crisis.

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Gold, Silver with Copper Updates

2012-01-27T17:20:00.000+05:30

Today Gold Was very volatile & on uptrend, We expected gold will move 27870. Gold seems bullish from this level till dollar is is same phase. Gold can buy above the level of 27875, with SL of 27790. Spot gold prices rose around 0.5 percent on Thursday, taking cues from weakness in the US dollar, as a weaker dollar makes dollar denominated commodities look cheaper for the holders of the other currencies.

Silver MCX Trend

After a Strong level of 56990 silver again bounced back & sustain at 56830 & down. But here a good opportunity for buying in Silver above the level of 57110, if Silver breaks this level then it will go for 57400-500. Spot silver prices gained around 0.5 percent on Thursday, on the back of rise in gold prices coupled with a weaker dollar. Silver being an industrial metal also took cues from upside in base metals. The white metal touched an intra-day high of $33.78/oz and closed at the level of $33.43/oz on Thursday.

Copper Updates

Copper trade on high & seems to good for buying phase. After good position at International market copper shows good levels in Indian Commodity, because of dollar fluctuation copper may go for the level of 432+.

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MCX Market data

2012-01-27T09:20:00.000+05:30

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 27^TH JAN	Day 3	USD	WEF Annual Meetings
	7:00pm	USD	Advance GDP q/q	3.1%	1.8%
	7:00pm	USD	Advance GDP Price Index q/q	2.0%	2.6%
	8:25pm	USD	Revised UoM Consumer Sentiment	74.2	74.0
	8:25pm	USD	Revised UoM Inflation Expectations		3.2%

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MCX Commodity Market Data

2012-01-25T09:31:00.000+05:30

Commodity Updates

- GOLD EASES FROM SIX-WEEK HIGHS AS EURO SAGS.

- CRUDE OIL BELOW 100$, GREECE WEIGHS.

- COPPER DIPS, BUT NEAR 4-MONTH HIGH AS EURO RISES.

- INDIAN SPICES COMPLEX TRADE LOW.

MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
WED 25^TH JAN	7:30am	USD	President Obama Speaks
	Day 1	USD	WEF Annual Meetings
	8:30pm	USD	Pending Home Sales m/m	-0.6%	7.3%
	8:30pm	USD	OFHEO HPI m/m	0.3%	-0.2%
	9:00pm	USD	Crude Oil Inventories	0.9M	-3.4M
	11:00pm	USD	FOMC Statement
	11:00pm	USD	Federal Funds Rate	<0.25%	<0.25%

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MCX Bullion & Copper Updates

2012-01-24T18:03:00.000+05:30

Bullion Updates

Today movement was very uncertain in Indian Commodity, Gold still with its previous position with little down trend while silver was down after hold long tilme position at 55600. We suggest Silver can sell form higher level. While Gold is very uncertain no buying position seems for gold in todays session.

Copper Updates

Copper was following gold & silver today, after stand on a level it was goes down. A little correction can arise in copper & it may move for up side if it will corss 421.20. Copper, the leader of the base metals, declined 0.5 percent on the LMEtoday on account of mixed sentiments in the global markets due to escalating worries over Euro Zone debt crisis. Additionally, a stronger dollar also acted as a negative factor. However, sharp downside was cushioned on the back of drop in copper inventories on the LME warehouses today. The red metal stocks declined by 1 percent to 342,250 tonnes, lowest since October 2009.

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MCX Gold, Silver, Base Metals Update

2012-01-23T18:08:00.000+05:30

Gold MCX Trend

Gold looking consolidate from this level & sustain at the same level after world gold movemnt.The European Union finance ministers prepared to meet in Brussels today in early night session to discuss new budget rules, financial firewall to protect indebted states and the proposed Greek Debt swap.As per the latest release from the Commodities Futures Trading Commission for the period 10th Jan – 17th Jan, 2012, Money Managers increasedtheir long bets on the Precious Metals Complex while the prices of Gold and Silver surged by 1.48 percent and 1.07 percent respectively during the period. The Net long positions for the Non

Commercial Traders showed an increase of 2.46 percent and 20.97 percent during the period in Gold and Silver futures respectively.

Silver MCX Trend

MCX Silver seems bullish for today trading session, after dollar down silver continue on bullish side. Today from morning session was showing bullish trend & from the level of 56500 a clear buying level seems. COMEX Silver Mar futures surged sharply compared to Gold Futures and edged up by 3.82 percent to $31.675 per troy ounce from $30.509 per troy ounce the prior day. Investment demand for the white metal too remained muted as holdings at iShares Silver trust remained unchanged on Friday. Gold/Silver ratio showed that silver looked more preferable option. compared to Gold as the ratio slid down to 51.79 on Saturday from 52.41 the prior day.

Base Metal Trend

Base Metals complex sentiments were mixed as on side we had the declining LME inventories in Copper, Nickel and Lead while on the other side the stronger greenback and Chinese New Year Holidays prompted investors to liquidate their positions. COMEX Copper Mar futures pared their prior day gains and fell on Friday by 1.46 percent to $3.7450 per pound from $3.8005 per pound the prior day. LME Copper Feb futures fell by 1.76 percent to $8,216.0 per ton on Friday compared to the prior day.

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MCX Bullion Updates

2012-01-19T18:20:00.000+05:30

In MCX bullion both Gold & Silver were in consolidate phase, Silver was consolidate form last some hours & seems bearish from 53550 level. While in Gold, gold is also seems in down side trend.

Today all commodity was in up trend, but in precious metals we are not suggesting new buying positions.

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Live MCX Data

2012-01-19T09:26:00.002+05:30

Live MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 19^TH JAN	7:00pm	USD	Building Permits	0.68M	0.68M
	7:00pm	USD	Core CPI m/m	0.1%	0.2%
	7:00pm	USD	Unemployment Claims	387K	399K
	7:00pm	USD	CPI m/m	0.1%	0.0%
	7:00pm	USD	Housing Starts	0.69M	0.69M
	8:30pm	USD	Philly Fed Manufacturing Index	10.7	10.3
	9:00pm	USD	Natural Gas Storage		-95B
	9:30pm	USD	Crude Oil Inventories	2.9M	5.0M

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MCX Gold & Copper Updates

2012-01-18T18:02:00.000+05:30

MCX Gold Trend

Some good news coming from the investment side of the yellow metal when holdings at SPDR Gold ETF surged by 1.51tonnes, a feat last seen on 30th Nov, 11. South Africa's gold output fell by 4.5 percent in volume terms in Nov, 11 while total mineral production fell by 4.6 percent compared with the same month the year before. Production of non-gold minerals was down 4.6 percent, Statistics South Africasaid.

India changed the import duty on gold to 2 percent of value from the earlier flat 300 rupees per 10 grams and that of silver to 6 percent of value from 1,500 rupees per kilogram, the government said in a statement.

Copper Updates

Investor’s risk appetite recovered yesterday and we saw their funds entering the Base Metals Complex with COMEX Copper Mar futures showing a 2.54 percent rise to$3.7295 per pound from $3.6370 per pound the prior day. Today the data in the evening will also have an impact on the Base Metals Complex while bearish comments from the World Bank would weigh on the Copper prices.

China's refined copper production rose 14.2 percent on the year in 2011, with Dec, 11 output up 8 percent from a year earlier as smelters rushed to meet annual outputtargets. In 2011, refined copper production in the world's top copper consumer reached 5.179 million tonnes while output increased 2 percent from Nov, 11 to 457,000 tonnes,data from the National Bureau of Statistics showed on Tuesday. The December figure was the first monthly rise after hitting a record 518,000 tonnes in Aug, 11.

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MCX Commodity Data

2012-01-18T09:42:00.000+05:30

Important Data for Commodity

Date	Time	Currency	Economic Data	Forecast	Previous
WED 18^TH JAN	7:00pm	USD	PPI m/m	0.1%	0.3%
	7:00pm	USD	Core PPI m/m	0.1%	0.1%
	7:30pm	USD	TIC Long-Term Purchases	27.3B	4.8B
	7:45pm	USD	Capacity Utilization Rate	78.2%	77.8%
	7:45pm	USD	Industrial Production m/m	0.5%	-0.2%
	8:00pm	USD	FOMC Member Tarullo Speaks
	8:30pm	USD	NAHB Housing Market Index	22	21

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Daily Commodity Updates

2012-01-17T17:24:00.000+05:30

MCX Bullion Tips

Gold & Silver both precious metals are shwoing bullish. Silver up by al most 2.65% & seems more bullish from this level. If silver cross 54500 level then it will go for next high of 55000+. Same in Gold, Gold climed 0.83% in day trading & because of dollar weekness it seems more bullish.

Today in the afternoon session of the day we have a range of economic data coming from the Euro Zone and we also have the Spanish and EFSF bond auction which will also test the investor’s confidence after the EFSF was downgraded by one notch by S&P. A drop in yields supported by a rise in demand would support the Euro and also the Precious Metals Complex. Silver was also trading in green yesterday tracking the gold prices and it was the investment demand which was driving it. Spot Silver prices rose to $29.93 per troy ounce from $29.72 per troy ounce the prior trading day.

Copper also show some good range for buying, but we not suggest for buy copper at thi level. Market data may reflect copper from this level.

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Gov. has changed import duty on Gold & Silver

2012-01-17T14:33:00.000+05:30

Indian Commodity Live

India has changed the import duty on gold to two percent of value from the earlier flat 300 rupees per 10 grams, sending the shares of jewellery makers lower. The world's biggest importer of bullion has also altered silver import duty to six percent of value from the earlier 1,500 rupees per kilogram, the government said in a statement.

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MCX Commodity Data

2012-01-17T09:26:00.000+05:30

Commodity data

Date	Time	Currency	Economic Data	Forecast	Previous
TUE 17^TH JAN	4:30am	USD	FOMC Member Duke Speaks
TUE 17^TH JAN	7:00pm	USD	Empire State Manufacturing Index	10.8	9.5

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MCX Commodity Gold & Crude Oil Updates

2012-01-16T18:11:00.000+05:30

No major movement seems due to American Market closing in Commodity.

Gold Updates

After the downgrade the next test is for France which has its bond sales which will test the investor’s confidence after the nation lost its coveted AAA rating. U.S. Markets are closed on Monday on account of Martin Luther King holiday and trading activity is expected to remain thin and market will continued to discount the rating downgrades news with low volumes to be seen in the trading.

Crude Updates

US crude oil imports in November rose to 8.874 million barrels per day (b/d), up 384,000 b/d, or 4.52 percent, over October, the US Department of Commerce said Friday. November's import figure was up 278,000 b/d over November 2010. Year-to-date imports though November was down 144,000 b/d to 9.118 million b/d compared with the same period in 2010. Nigerian oil union Pengassan said it will only shut down oil output as “a last resort” in Africa’s top crude producer to give more time for negotiations with President Goodluck Jonathan’s government to end a strike now in the second week.

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MCX Gold Silver Trend for the day

2012-01-13T17:33:00.000+05:30

Gold Intraday Trend - Bearish

Suggestion - Short on higher level

Silver Intraday Trend - Bearish

Suggestion - Short on higher level

Due to International commodity both precious metals shine not in glow, both metals on downside We strongly recommend it for short, Silver short term trend is also bearish.

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MCX Commodity Market Data for Today

2012-01-13T09:24:00.000+05:30

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 13^TH JAN	12:30am	USD	Federal Budget Balance	-79.0B	-137.3B
	7:00pm	USD	Trade Balance	-44.8B	-43.5B
	7:00pm	USD	Import Prices m/m	0.0%	0.7%
	8:25pm	USD	Prelim UoM Consumer Sentiment	71.2	69.9
	8:25pm	USD	Prelim UoM Inflation Expectations		3.1%
	9:40pm	USD	FOMC Member Duke Speaks

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MCX Bullion Trend

2012-01-12T18:08:00.000+05:30

Nickel - Nickel to be short form the current level.

Gold trade in slow motion & seems to trade on higher, from the comparison of yesterday gold is in good position for today's trading. Gold can buy from the level of 27850, after toucn this level it may go for next level of 277830. While in Silver it is on recovering phase & perform up & down trend continusely. Only risky trader can have to trade in silver today.

While in Bullion Copper showing uper trend with others commodity. Aluminium can also buy above the resistance level of 113.50.

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MCX Commodity Market Data

2012-01-12T09:22:00.000+05:30

Live Commodity Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 12^TH JAN	12:30am	USD	Beige Book
	7:00pm	USD	Core Retail Sales m/m	0.3%	0.2%
	7:00pm	USD	Retail Sales m/m	0.3%	0.2%
	7:00pm	USD	Unemployment Claims	373K	372K
	8:30pm	USD	Business Inventories m/m	0.4%	0.8%
	9:00pm	USD	Natural Gas Storage	-87B	-76B

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MCX Commodity Updates for the day

2012-01-11T17:55:00.000+05:30

Gold Updates

International market's impact can see in domestic commodity, Gold Trade on high & new buying can arise from the level of 27730+. . On the MCX, Gold February contract rose around 0.3 percent and touched an intra-day high of Rs 27,668/10 gms till 4.30 pm IST today. Gold Intraday trend is bullish.

Zinc updates

Zinc is very consolidate today, we suggest not go for fresh buying until market not set for good position.

Copper Updates

After Up crude again in down side, & seems to be more downside. Nymex crude oil prices declined around 0.4 percent today, taking cues from expected rise in US crude oil inventories coupled with a stronger dollar. However, sharp decline was cushioned on account of supply concerns from Iran.

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MCX Commodity Market Data for Today

2012-01-11T09:56:00.000+05:30

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
WED 11^TH JAN	7:30pm	USD	FOMC Member Lockhart Speaks
WED 11^TH JAN	9:00pm	USD	Crude Oil Inventories	0.9M	2.2M

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MCX Bullion

2012-01-10T18:03:00.000+05:30

- Investors remain cautious ahead of key events in Europe this week.

- China’s Dec trade balance witness a surplus of $16.5 billion.

Bullion Updates

Gold & Silver both are seems to good for buying, Silver can buy form the lower level while Gold can buy from the level of 27550.

Commodity News

Indian state-run National Aluminium Company (NALCO) has issued a tender for export of 30,000 tonnes of alumina for delivery next month on FOB basis..

The last date for submission of bids is on Jan17th, Ansuman Das, director, commercial, told Reuters. NALCO, whose tenders serve as an international benchmark, last sold 240,000 tonnes of alumina for deliveries in 2012 at 16.39% of the LME aluminium price on an FOB basis.

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MCX Commodity Market Data

2012-01-10T09:23:00.000+05:30

MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
TUE 10^TH JAN	1:30am	USD	Consumer Credit m/m	7.1B	7.6B
	8:30pm	USD	IBD/TIPP Economic Optimism	45.3	42.8
	8:30pm	USD	Wholesale Inventories m/m	0.5%	1.6%
	9:00pm	USD	FOMC Member Williams Speaks
	9:40pm	USD	FOMC Member Pianalto Speaks

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Gold & Silver Updates for MCX Commodity Market

2012-01-09T17:53:00.000+05:30

Gold MCX Trend

Gold is is under pressure due to dollar strength, In MCX india gold on down side but it seems bullish for the next trading hours & at any time it can be up. Prices seen trading with a mild positive sentiments, which is likely to continue till 27850 /940 levels . But major rallies can be expected only above 28000. Anyhow unexpected fall below 27550 region would trigger major selling towards 27400/250.

MCX Silver Trend

Silver also with gold side, a little down side movement is in Silver. But Intraday trend is bullish for Silver. While above 51200, the 53500 picture is still alive, but day’s moves may be limited to 52400 or utmost 53000. A direct dip below 51100, could push prices towards a target of 50500 or even further. However, we least expect such moves today.

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Diaily Commodity GOLD, COPEER Updates

2012-01-06T17:19:00.000+05:30

Commodity updates

- Markets were skeptical yesterday on mixed cues coming from both sides of the Atlantic

- U.S. Labor markets showing signs of sustained improvement in December, 2011 while U.S. services sector also showed expansion in the same mont.

Gold Updates

Gold was veru rangbound & consolidate for all day trading, Today the sentiment is expected to remain on sidelines as in the later session of the trade we have the much awaited U.S. Nonfarm Payrolls data which the markets had been waiting in this week to get a clear direction. From the Euro side it is the Spanish and Italian Bond sales which will also show the confidence that investors have regarding the Euro Zone troubled members. for Last tarding hours we expect it will go for further movement.

Copper Updates

Copper was not to rang over. Copper prices got pressurized in the early session of the trade on Euro zone worries which had dampened the risk appetite of the investors while in the later session of the trade the losses were recouped on better outlook of the U.S. labor market along with expansion of the U.S. Service sector. However futures ended the day in red and COMEX Copper Mar future closed down by 0.23 percent to $3.4265 per pound from $3.4345 per pound the prior day. Today in the afternoon session of the day we havedata coming from Euro Zone which if comes lower than expected then would pressurize the Base Metals Complex.

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MCX Market data

2012-01-06T09:15:00.000+05:30

Commodity Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 6^TH JAN	7:00pm	USD	Non-Farm Employment Change	152K	120K
	7:00pm	USD	Unemployment Rate	8.7%	8.6%
	7:00pm	USD	Average Hourly Earnings m/m	0.2%	-0.1%
	7:30pm	USD	FOMC Member Dudley Speaks
	11:10pm	USD	FOMC Member Duke Speaks
	11:30pm	USD	FOMC Member Raskin Speaks

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Gold & Copper Updates

2012-01-05T17:58:00.000+05:30

Gold Updates

Gold on dwon trend & we recommend it to seel on higher level. Investment demand for the yellow metal continued to remain weak as holdings at SPDR Gold ETF remained unchanged yesterday. Markets are eyeing the France bond auction and U.S. jobs report this week before taking any decision on the complex. A better than expected reading in the U.S. jobs data and U.S. ISM Services data would be supportive for the market and would boost sentiments while some uptick would also be seen in the Precious Metals Complex. We also have the French bond auction of different maturities worth €8 billion today which will also affect the market sentiments.

Copper Updates

COMEX Copper Mar futures fell by 2.66 percent to $3.4345 per pound from $3.5285 per pound
the prior day. No major correction seems in Copper & it would go for more down side. While Silver also on selling pressure, seel it on higher level.

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MCX Commodity Market Data - 5 Jan

2012-01-05T09:40:00.000+05:30

MCX Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 5^TH JAN	6:00pm	USD	Challenger Job Cuts y/y		-12.8%
	6:45pm	USD	ADP Non-Farm Employment Change	176K	206K
	7:00pm	USD	Unemployment Claims	375K	381K
	8:30pm	USD	ISM Non-Manufacturing PMI	53.0	52.0
	9:00pm	USD	Natural Gas Storage		-81B
	9:30pm	USD	Crude Oil Inventories	-1.4M	3.9M

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MCX Commodity Gold & Crude Updates

2012-01-04T17:52:00.000+05:30

Gold MCX Trend

Gold expected trade on high because of dollar prices. MCX,Gold February contract rose around 0.2 percent and was hovering around Rs 27,700/10 gms till 4.30 pm IST today. Though day’s bias may remain subdued while below 1610, a direct rise above the same could rejuvenate buying interest but unlikely to invite short covering rallies unless break above 1630 convincingly. For upcoming time we expect bullish trend in gold.

Crude Updates

Crude very volatile in current season, Nymex crude oil prices came under pressure today on account of dollar strength coupled with mixed sentiments in the global markets. However, sharp decline was cushioned on the back of supply concerns from Iran and expected fall in US crude inventories. Oil prices were trading around $102.87/bbl after touching an intra-day high of $103.15/bbl till 4:30pm IST today. On the MCX, prices traded on a flat note and were hovering around Rs5443/bbl till 4:30pm IST. All mcx commodity market reflected by Dollar prices.

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Commodity Live Updates, Bullion trend

2011-12-30T17:56:00.000+05:30

MCX Data

Positive economic data from U.S. allayed the global economic concerns while the Italian Bond sales showed mixed data.

Chinese Manufacturing activity contracted for the second month in December, 2011 fuelling speculation that a reserve requirement cut is expected to be seen soon.

Gold MCX Trend

Gold again climbed after heavy down trend & from this level it seems bullish if it will touch 27260, overall trend is bullish. Because of data gold show posstive basis. The drastic decline in the Precious Metals Complex continued yesterday amid stronger greenback and mixed Italian Bond Sales which failed to meet the set target though the yields declined. Today the data release early morning showed manufacturing contraction in China, the world’s second largest economy and hence could be negative for the market and hence pressurize the Precious Metals.

Silver MCX Trend

Data supported silver & it again bounce backed from the last level of 49150. In COMEX Silver Mar futures on the other hand were moved by the industrial demand for the metal and closed the day on a higher note when they pared their declines and surged by 0.30 percent to $27.315 per troy ounce from $27.234 per troy ounce the prior day. Holdings at iShares Silver trust also remained unchanged yesterday. MCX Silver looking good for buying from the level of 51550+.

Crude Updates

U.S. Crude oil stocks increased unexpectedly by 3.9 million barrels to 327.5 million barrels when analysts expected a decline of 2.3 million barrels for the week ended 23rd Dec, 2011 from 323.6 million barrels in the prior week. Crude intraday trend is looking bullish & we ecpect more correction in crude.

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Live MCX Commodity Updates

2011-12-29T18:01:00.000+05:30

All Commodity fall down, no positive support seems in near future. Gold Seems down for intraday & near future terms, while silver also go down. From this level silver has support of 48150 & next support is 47500 while it has resistance of 49450 & 50200. This trend can continue for some more days.

In Base Metal copper is bearish for intraday terms & it can be consolidate for some future session. Untill copeer breaks 403 level, it can not succeed for its previous level of 410+.

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MCX Commodity Market data

2011-12-23T00:59:00.000+05:30

Live MCX Market Updates
GOLD EDGES DOWN AS EUROPE DEBT WORRIES PERSIST.
OIL UP AS U.S ISTOCKPILES DECLINE MOST IN A DECADE.
COPPER UP WITH EURO IN ECB TENDER REACTION.
DOMESTIC OIL AND OILSEED TRADE LOW ON GLOBAL CUES.

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 23^RD DEC	7:00pm	USD	Core Durable Goods Orders m/m	0.5%	1.1%
	7:00pm	USD	Core PCE Price Index m/m	0.1%	0.1%
	7:00pm	USD	Durable Goods Orders m/m	2.2%	-0.5%
	7:00pm	USD	Personal Spending m/m	0.3%	0.1%
	7:00pm	USD	Personal Income m/m	0.3%	0.4%
	8:30pm	USD	New Home Sales	314K	307K

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Commodity Gold, Silver, Crude Updates

2011-12-22T18:18:00.000+05:30

Gold Updates

Investment demand for the yellow metal remained unchanged yesterday at SPDR Gold ETF. Ireland’s European benefactors should take steps to create a firewall around the nation, as its prospects remain “fragile” amid the escalating euro-region debt crisis, the International Monetary Fund said yesterday. The crisis may hamper Irish economic growth, increase the cost of re-entering bond markets and make it harder for the country’s banks to sell off assets.

Silver Updates

COMEX Silver Mar futures also surged along with Gold futures and surged sharply by 2.29 percent to $29.536 per troy ounce from $28.874 per troy ounce. Investment demand for the white metal at iShares Silver Trust also remained unchanged yesterday. Silver is very consolidate in current session, no major support for this.

Crude Updates

Data release early morning today showed that U.S. American Petroleum Institute said crude inventories declined 4.57 million barrels to 330 million barrels for the week ended 16th Dec, 2011 to the lowest level in almost two years. Imports of liquefied natural gas jumped 21 percent to their second highest ever

however, as gas fired power generation plugged the gap left by the shutdown of most nuclear reactors after the March earthquake.

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MCX Market Data

2011-12-22T01:50:00.000+05:30

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 22^ND DEC	7:00pm	USD	Unemployment Claims	376K	366K
	7:00pm	USD	Final GDP q/q	2.0%	2.0%
	7:00pm	USD	Final GDP Price Index q/q	2.5%	2.5%
	8:25pm	USD	Revised UoM Consumer Sentiment	68.1	67.7
	8:25pm	USD	Revised UoM Inflation Expectations		3.1%
	8:30pm	USD	CB Leading Index m/m	0.3%	0.9%
	8:30pm	USD	OFHEO HPI m/m	0.3%	0.9%
	9:00pm	USD	Natural Gas Storage	-103B	-102B

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MCX Gold Silver Tips

2011-12-20T22:02:00.002+05:30

Gold MCX Buy At - 28890

for the target of 28920 & 28960 for 2 days.

Here Stop loss is 28855 fir the same day.

Silver is good for BTST today. It can be buy at the time of market closing. Tomorrow it would be touch 54200 level.

MCX Bullion, Copper Updates

2011-12-20T18:23:00.000+05:30

Bullion Trend

Spot gold prices declined around 0.4 percent on Monday while prices on the Comex traded on a flat note. However, dollar weakness cushioned sharp fall in the yellow metal prices yesterday. Today gold shows marginally uptrend from the lower level of 27700. Gold seems bullish from the level of 27900. While Silver is also in good phase from the level of 53100 & in silver we can not more predict, it will be voletile form this level.

Copper Updates

On the MCX, Copper February contract declined marginally by 0.1 percent as further fall was not witnessed due to Rupee depreciation on Monday. Copper is still on its 392 level & no more changes seems in copper form this level. we suggest that in copper we can make a buying position 393.15 for 4-5 days with the target of 396 to 399.

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MCX Gold Live Updates

2011-12-20T01:31:00.000+05:30

Gold MCX Updates

Gold fell by R10 to R27,830 per 10 gm, while silver shed R350 to R52,650 per kg in the bullion market on Monday on reduced offtake at existing higher levels amid a weakening global trend. Traders said sentiment turned bearish after gold declined by 1% to $1,583.57 an ounce and silver lost 3.4% to $28.72 an ounce in Singapore, on concerns that Europe’s sovereign-debt crisis may be worsening.

Key Points

-Comex February gold up $2.30, or 0.1%, at $1,600.20 a troy ounce

-Gold prices draw strength from a steady euro which trades above $1.30 despite pressure

-Thin pre-holiday trading volumes add to gold's strength

-Kim Jong Il's death draws attention away from euro zone's debt problems

Gold advanced back above the psychological threshold of $1,600 a troy ounce as investors saw a steadier euro and as trading volumes eased ahead of the upcoming seasonal holidays. The most actively traded contract, for February delivery, was recently up $2.30, or 0.1%, at $1,600.20 a troy ounce on the Comex division of the New York Mercantile Exchange.

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Gold For Next Week

2011-12-17T16:23:00.000+05:30

A weakening dollar and short covering drove investors back into Gold on Friday, lifting prices to end a sharp four-session pullback that still yielded the biggest weekly decline in almost three months. Spot Gold rallied as much as 1.7 percent to $1,600.49 per ounce, and steadied at $1,596.40 up from a near 3-month low at 1,560.36 hit in the previous session. U.S. Gold rose 1.31 percent to close at $1,597.90 per ounce, after hitting a high at $1,598.10 per ounce. A slightly weaker dollar against a basket of currencies also helped boost precious metal prices. A softer U.S. currency makes dollar-priced commodities, such as Gold, more affordable for holders of other currencies. For the week, bullion lost around 6.60 percent, its biggest fall since late September. It remains vulnerable to a deepening euro zone debt crisis and rising funding stress. The need for cash has overwhelmed Gold's traditional tatus as a safe haven in the past few months, putting the metal on course for its first quarterly fall since end-September 2008 when the global credit crunch was at its worst. Gold has, therefore, benefited recently from developments that have reduced risk aversion and the flight to cash. It got a boost after Spain attracted solid demand for its bonds on Thursday, helping to ease concerns the country could be among the next to fall in the euro zone's debt crisis.

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Gold, Silver & Crude Updates

2011-12-15T18:11:00.000+05:30

Gold Updates

Spot Gold prices fell 3.5 percent yesterday, the MCX Gold Futures February contract declined 2.4 percent, taking supporting from the fall in the Rupee. Investment demand for the yellow metal at SPDR Gold ETF showed some resistance from the fall as holdings remained unchanged yesterday. Today we have a range of data coming from both sides of the Atlantic with major emphasis being on the U.S. Jobless Claims, U.S. Net long term purchased of the securities and U.S. Current Account Deficit.

Silver Updates

The investment demand for the white metal at iShares Silver trust remained unchanged yesterday while Gold/Silver ratio rose to 54.8 from 53.15 indicating investment strength in Gold being more compared to silver. Silver prices in the international markets have taken a beating as the commodity fell below the crucial $30/oz, losing 6 percent in intra-day trade. Prices on the MCX however, slipped only 4 percent on account of Rupee weakness which protected further downside.

Crude Updates

Crude oil Stockpiles fell 1.93 million barrels to 334.2 million for the week ended 9th Dec, 2011 from 336.0 million barrels in the prior week. Gasoline supplies increased 3.82 million barrels to 218.8 million, the highest level since March. For intraday level crude is down side while for long term it seems on uptrend.

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Why commodity are falling?

2011-12-15T01:16:00.000+05:30

Why Gold dropped

Gold steadied on Wednesday, after having neared two-month lows the day before in its largest monthly slide since September, prompted by the dollar's rise against the euro to 11-month highs as the European debt crisis roars on. Spot gold was last quoted unchanged on the day at $1,630.89 an ounce by 1111 GMT, set for a 4.2 percent fall this week, its largest weekly slide in nearly three months. Gold has lost about 8.0 percent in value so far this month, on course for its weakest December performance since 2008 and its third-largest monthly sell-off in three years, the point at which the global credit crunch was at its worst.

Gold dropped below $1,600 a troy ounce as the euro's slide below $1.30 renewed fears of a liquidity crunch in Europe, prompting a shift to cash. Gold traders took their cues from the euro, which slumped below a psychological threshhold for the first time in 11 months, stoking worries that Europe's economy and financial system are in far worse shape than previously thought. Gold for February delivery was recently down $73.20, or 4.4%, at $1,589.90 a troy ounce on the Comex division of the New York Mercantile Exchange, the first time the most-active contract has traded below $1,600 since Oct. 5. Gold's declines accelerated after prices slid below the 200-day moving average, which triggered automatic selling for some investors.

Why Silver dropperd

Silver prices tumbled 6% and gold retreated Wednesday as investors rushed to cash in their holdings amid continued disappointment that the Federal Reserve refrained from a third fiscal stimulus and worries about a weaker euro. A sharply weaker euro, which broke below the $1.30 for the first time since January, added to negative pressure on precious metals prices. Gold and silver are both priced in dollars and their allure is dulled by a stronger greenback, which makes these assets seem more expensive to buyers who use other currencies.

Europe's ongoing sovereign debt crisis continues to be a downbeat influence on precious metals prices as worries about a cash crunch eclipse investors' desire for a store of value asset. From August through December U.S. Silver drilled 21,433 feet of core in 46 diamond drill holes underground at the Coeur and Galena mines. Shares Silver ETF (SLV) was falling some 5% as the dollar rose to 11-month highs against the euro.

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
THU 15^TH DEC	7:00pm	USD	PPI m/m	0.3%	- 0.3%
	7:00pm	USD	Unemployment Claims	389K	381K
	7:00pm	USD	Core PPI m/m	0.2%	0.0%
	7:00pm	USD	Current Account	-108B	-118B
	7:00pm	USD	Empire State Manufacturing Index	3.1	0.6
	7:30pm	USD	TIC Long-Term Purchases	53.4B	68.6B
	7:45pm	USD	Capacity Utilization Rate	77.9%	77.8%
	7:45pm	USD	Industrial Production m/m	0.3%	0.7%
	8:30pm	USD	Philly Fed Manufacturing Index	5.1	3.6
	9:00pm	USD	Natural Gas Storage	-89B	-20B

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Daily MCX India Commodity Updates

2011-12-14T18:19:00.000+05:30

Silver MCX Trend

Bullion is in under pressure, silver trade on down side. Holdings at iShares Silver trust remained unchanged yesterday while Gold/Silver ratio made a low of 51.7 yesterday before closing at 53.15 from 53.61 the prior day indicating that silver is gaining investment strength against the yellow metal. Silver prices on the other hand declined by 0.5 percent in the international markets and Spot Silver prices are currently hovering around $30.57/oz.

Gold MCX Trend

Strong dollar impact clearly seems on gold, today in the evening session of the trade we have U.S. Import Price changes and a higher than expected reading would point to inflationary pressure and would support the Gold Prices, however the main focus for today would be on the Italian Bond Sales. Spot Gold prices came under pressure today and slipped to a low of $1622/oz till 4.30pm IST as dollar strength weighed on the commodity. Prices on the MCX however slipped almost 1percent as gold prices in major metro cities in India declined.

Crude Updates

U.S. Crude oil inventories rose 462,000 barrels to 334.6 million for the week ended 9th Dec, 2011 compared to the prior week, the American Petroleum Institute said today early morning. Investors will also eye comments by OPEC ministers gathering in Vienna policy meeting. The US Energy Department (EIA) is scheduled to release it weekly inventories report tonight and crude oil inventories is expected to decline by 2.5 million barrels for the week ending on 9th December 2011.

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Commodity MCX Data

2011-12-14T01:15:00.000+05:30

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
WED 14^TH DEC	12:45am	USD	FOMC Statement
	12:45am	USD	Federal Funds Rate	<0.25%	<0.25%
	All Day	USD	OPEC Meetings
	7:00pm	USD	Import Prices m/m	1.0%	-0.6%
	9:00pm	USD	Crude Oil Inventories	-2.2M	1.3M

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Copper Updates with Gold & Silver Trend

2011-12-13T17:52:00.000+05:30

MCX India Gold Updates

Investment demand at SPDR Gold ETF was also hurt yesterday and we saw redemption of 0.6 tonnes on Gold. COMEX Gold Feb futures tumbled sharply by 2.83 percent to $1,668.2 per troy ounce from $1,716.8 per troy ounce the prior day on stronger greenback as Dollar Index surged by 1.20 percent to 79.53 from 78.59 the prior day. Gold again in green eye, its presently trade at 28940 & looking bullish from this level if it cross 29220 level. Today in the afternoon session of the trade we have Euro Zone and Germany Economic Sentiment Index which is expected to further decline and hence would be negative for the Euro and for the Precious Metals Complex. In the evening session of the trade we have U.S. Retail Sales which are expected to show a greater than prior month’s rise and hence would support the Dollar.

MCX Silver Tips

In other precious metal silver also with positive mode, at the day time silver fell by the weekness of dollar but at the time of evening its again bounce backed at trade above 56700+. Investment demand at iShares Silver trust remained unchanged yesterday while Gold/Silver ratio increased to 53.61 yesterday from 53.13 the prior day. Silver may go 57000 & if it will cross 57650 level then it woulb be in bullish trend.

Copper Tips

COMEX Copper Feb futures fell by 2.63 percent to $3.4640 per pound from $3.5575 per pound the prior day, but at present day copper show its uptrend which mentained by it on last trading hours at previous day. Copper sharply looking bullish & it would go for 410.05 again.

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MCX Commodity Data with live bullion Updates

2011-12-13T00:49:00.000+05:30

Live Bullion Updates

MCX Bullion fall today, both presious metals fall gold stopped at 28853 while silver stopped at 56111. From this stage in tomorrow if gold breaks 29560 level then it would be in bullish trend while if silver cross the level of 58900 then it would be in bullish trend.

MCX Market Data

Date	Time	Currency	Economic Data	Forecast	Previous
FRI 2^ND DEC	7:00pm	USD	Non-Farm Employment Change	120K	80K
	7:00pm	USD	Unemployment Rate	9.0%	9.0%
	7:00pm	USD	Average Hourly Earnings m/m	0.2%	0.2%
	7:30pm	USD	FOMC Member Fisher Speaks
	8:30pm	USD	FOMC Member Plosser Speaks

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MCX Gold, Silver, Copper Updates

2011-12-12T17:38:00.000+05:30

Gold MCX Trend

In Indian commodity, MCX gold shows al most 0.60% down fall today. Today no major economic data is scheduled to release and hence markets are expected to trade in a range and will digest news coming out of the Euro Zone and will also look out for the U.S. FOMC Meet on Tuesday. COMEX Gold Feb futures pared their prior day losses and rose by 0.20 percent to $1,716.8 per troy ounce on Friday from $1,713.4 per troy ounce the prior day. No major movement will can see for bullion in today's market trading session.

MCX Silver Updates

Investment demand for the white metal remained unchanged on Friday at iShares Silver trust unlike that in SPDR Gold ETF. Silver currently trading on 56300 with 1% down fall from this level we can say no major change for silver in short term of trading.

Copper Updates

MCX Copper also fall & finally trade at 408.35 form its previous close of saterday. COMEX Copper Feb futures also ended the day in green on Friday and rose by 1.64 percent to $3.5575 per pound from $3.5000 per pound the prior day. The rise was capped as the data from China showed slowdown in the Industrial Production which fanned fears in the investors mind regarding the demand from the world’s largest consumer of Copper as it came at the slowest pace since Aug, 2009.

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MCX Commodity Live

2011-12-10T16:38:00.000+05:30

Gold again bounced back & finally stopped at 29153, while silver was on bearish trend & continusly shows down trend on last two days. Bullion was very volatile in this perticular maonth.

MCX Copper Tips

Copper again climed at finally stopped at 412.60. Copper continusly bullish on that week, we expect copper will perform better than last month.

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