Forex & Commodity Tips & Targets

Forex & Commodity Tips & Tricks


Posts Tagged metal update

FREE Commodity Jackpot/Sureshot Calls For MCX

Jan 17

Posted by FxCommcalls in Commodity Update | No Comments

For Stock discussion and Free Intraday calls visit www.dstreetdirect.com and www.stockcallsindia.com

Buy     PEPPER
ABOVE 22925
SL 22900
Targets 22975 23025 23075 23125

Sell     PEPPER
BELOW 22800
SL 22825
Targets 22750 22700 22650 22600

Buy     SILVER
ABOVE 28858 HIT 45750
SL 100% Confirm
Target ABOVE 28858 HIT 45750

Sell     CHANA
BELOW 2590
SL 2600
Target 2575 2560 2545 2430

Sell     GARSEED
BELOW 2620
SL 2630
Target 2605 2590 2575 2560

Buy     CHANA
ABOVE 2610
SL 2600
Target 2625 2640 2655 2670

Buy     GOLD FUT
Above 17777 HIT 20875
SL POSITIONAL CALL
Target 17777 HIT 20875

Buy     COPPER
ABOVE 425 HIT 445
SL 100% Confirmed
Targets 440 465 480 495 510 525 540

Buy     GARSEED
ABOVE 2650
SL 2640
Targets 2665 2680 2695 2710

Buy     SILVER
ABOVE 45888 HITS 47770
SL 100% Confirmed
Targets 49855 52555 54666 56666 59399

Sell     CARDAMON
BELOW 1540
SL 1550
Targets 1520 1500 1480 1460

Sell     ZINC
BELOW 111.40
SL 111.65
Target 111 110.50 110 109.50

Buy     GOLD FUT
AT 20260
SL 20225
Targets 20390 20450 20510 20560

Buy     SILVER
AT 43825
SL 43625
Targets 44425 44925 45425 45925

Buy     COPPER
ABOVE 432 HIT 445
SL 430
Targets 436 440 444 448 452 454

Buy     NICKLE
AT 1096 HIT 1180
SL 1088
Targets 1125 1150 1175 1200

Buy     ZINC
AT 108.50
SL 107.50
Targets 110 112 114 116

Buy     ALUM
ABOVE 113.50
SL 113
Targets 114 115 116 117 118 119

Buy     LEAD
ABOVE 119.60
SL 119
Targets 121 122 123 124 126 127

Buy     MENTHA
ABOVE 1182
SL 1172
Targets 1192 1202 1212 1222

Buy     ZINC
ABOVE 112.20
SL 112
Targets 112.60 113 113.50 114

Stock discussion Forum and Free Intraday Calls visit www.dstreetdirect.com and www.stockcallsindia.com

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Commodity Jackpot/Sureshot Calls For MCX

Jan 12

Posted by FxCommcalls in Commodity Update | 9 Comments

Buy        SILVER
Recommended Rate : ABOVE 45888 HITS 47770
Stoploss : 100% Confirmed Call
Target : 47770-49855-52555-54666 -56666

Buy        CRUDE OIL
Rec Rate 3380 HIT 4162
Stoploss : 100% Confirmed
Targets: 4050 4150 4250 4350 4450 4550

Buy    COPPER
Recommended Rate : ABOVE 364 HITS 445
Stoploss : 100% Confirmed
Target: 445

Buy        GOLD FUT
Recommended Rate : 17777 HIT 20875
Type Of Call: POSITIONAL JACKPOT
Target : 20875

Buy        COPPER
Recommended Rate: ABOVE 425 HIT 445
Stoploss : 100% Confirmed Call
Targets: 440-465-480-495-510-525

Buy        GOLD FUT
Recommended Rate : ABOVE 21111
Stoploss: 19108
Targets: 21600-22050-22410-23211

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Riding on bulls Gold, Silver futures settled high

Jul 20

Posted by FxCommcalls in Bullion Update | No Comments

Gold futures settled on high note on Multi Commodity Exchange on buying support here on Saturday. Gold futures traded up; while silver futures steady to down on profit taking. Precious metals settled lower in the previous session on weak global trend. In the overseas market gold settled up but silver seen down. In the international market gold settled steady at USD1190.15/oz.

MCX’s most active Gold August contract opened down Rs.6 at Rs.18,300/10gm and moved between Rs.18,300-Rs.18,337/10gm. The contract settled Rs.29 higher at Rs.18,335/10gm. August contract volumes clocked 2287 lots.

MCX Gold mini, the most active August contract opened down Rs.18 at Rs.18,305/10gm. It fluctuated between Rs.18,300-18,346/10gm. August contract settled up Rs.19 at Rs.18,342/10gm. Total volumes in August contract clocked 4399 lots.

Benchmark Silver September contract opened Rs.14 higher at Rs.28,800/kg. The contract fluctuated between Rs.28,786-Rs.28,810/kg. Silver September contract settled up Rs.14 at Rs.28,800/kg. Total volumes clocked 1598 lots.

MCX Silver mini August futures opened down Rs.34 at Rs.29,752/kg and moved between Rs.28,750-Rs.28,810/kg. Mini silver August futures settled up Rs.9 at Rs.28,795/kg. Total volumes recorded 2718 lots.

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Gold & Silver Update

Jan 19

Posted by FxCommcalls in Bullion Update | No Comments

GOLD ETF Trading Chart

MARKET REPORT

Gold futures fell 1 percent on Friday, finishing the week on a weak note as a dollar rise dampened investor sentiment, but palladium rose sharply on strong investment demand related to the U.S. exchange traded funds. Silver holded its nerve in restricted its losses and ended a tad higher on COMEX.

 

NEW BITES

  1. The world’s largest gold-backed exchangetraded fund, SPDR Gold Trust, said its holdings stood at 1,112.836 tonnes as of Jan 17, down 0.914 tonnes or 0.08 percent from the previous business day.
  2. The world’s largest silver-backed exchange- traded fund, the iShares Silver Trust, said its silver holdings stood at 9,339.19 tonnes as of Jan 15, same as the previous business day.
  3. Purchases from gold jewellers in India stirred up physical trade in Asia, while a drop in bullion prices ignited demand from other consumers in the region and kept premiums steady, dealers said on Friday.
  4. Red Back Mining Inc said it forecast higher gold production in 2010 following the completion of major plant expansions at both its Chirano mine in Ghana and Tasiast mine in Mauritania. The African-focused gold miner expects total production for 2010 in the rage of 485,000 ounces to 525,000 ounces at a cash operating cost between $390 and $420 per ounce.
  5. Gold jewellery exports from Italy likely declined 20 percent in value in 2009, figures produced for the Fiera di Vicenza jewellery trade fair showed on Saturday.
  6. Italian jewellers are focusing on high-end design and innovation to fight off competition from mass-market manufacturers and see China as a key source of customers, according to the World Gold Council.

 

We expect dollar to trade firm for the day which may weigh on the rise in precious metals prices.

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Latest Commodity Update

Jan 11

Posted by FxCommcalls in Bullion Update, Commodity Update | No Comments

Crude oil

Crude oil prices rose to a new 15 month high on speculation that fuel demand will rebound as freezing temperatures in the northern hemisphere and weakening dollar also supported the prices.
The oil advanced for the second day as Chinese crude imports climbed to a record 203.8 million metric tons last year weighing over weak last weeks weak US NFP data. Chevron corp, the second largest US energy producer said the Makaraba-utonana pipeline it operates in the southern Nigeria’s delta state was breached on Jan 8, affecting 20,000 barrels of crude oil production a day. Attacks by armed groups in Nigeria’s oil rich delta region have cut the country’s output by more than 25 percent since 2006. Crude Feb month contract was trading at $83.5 gaining 1.57 percent. Crude oil mcx Dec contract was trading at Rs 3790 gaining 0.03 percent.

Base Metals

Copper futures prices rallied for the first time in last three days as Chinese imports and weak dollar boosted investors confidence in the metal. The china imported 369,368 metric tons of copper and its products in December, 27 percent increase from November. The Chinese exports of all products climbed for the first time in 14 months, according to census bureau. LME copper inventories rose by 4575 metric tons and mcx copper is trading at 348.10 gaining 0.96 percent.

 

Technical Trends

GOLD MCX Feb

While above 17000 prices could stay firm and could target 17080/17125 followed by 17250 levels. Unexpected fall below 16978 could see a move lower towards 16920 followed by 16870 levels.
Res: 17080/ 17160 Supp: 16970/16920

Silver MCX Mar:

As long as 28320 holds, prices could move up and find resistance at 28600 initially followed by 28730/29000 levels. If unable to hold 28300 expect a corrective move towards 28150/27980.
Res: 28610/28730 Supp: 28300/ 27980

CRUDE MCX Jan

Dips to 3763 may find support for a rise towards 3805 initially. Rallies above 3812 could invite fresh rallies towards 3848/3878. Falls below 3752 may cause doubts on the bullish view.
Res: 3812/3870 Supp: 3762/3736

Natural Gas MCX Jan

As long as support at 251/249 holds prices could stay firm and edge higher towards 258/261 followed by 264. Falls below 249 may negate the view and target 241.
Res: 258/264 Supp: 254/247

Copper MCX Feb

Dips to 347/345 hold downside expect to move up and find resistance at 349/350.50 followed by 354. If unable to hold 345 drag prices lower towards 343/341 levels.
Res: 349/351 Supp: 347/ 345

Lead MCX Jan

As long as 118.70/120 caps the upside expect a corrective fall towards 117/116 followed by 115.30. Needs to break 120 to negate the view.
Res: 118.70/120 Supp: 117/ 116

Nickel MCX Jan

Moves to 844 may find resistance for a fall towards 831/826. Break below 825 could invite fresh sell off towards 814/802. Needs to break 847 to negate the view.
Res: 845/862 Supp: 831// 824

Zinc MCX Jan

If 118 cap the upside expect a fall towards 116.50/115.50. Need to break 118.70 to negate the view.
Res 118/119 Sup: 116.70/115

Aluminium MCX Jan

If 105 expects to move up and target 106/106.80followed by 107.60 Needs to break 104.20 to negate the view.
Res: 106.20/107 Sup: 105/104.40

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