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COPPER (FEB) – Copper’s Nov contract which is going to expire on 29 FEB 2011, is expected to trade between the broad ranges of 396 to 411 Expected resistance and support level for today trade are as follows:

 

SUPPORT 1: 404.15

SUPPORT 2: 401.30

 

RESISTANCE 1: 408.15

RESISTANCE 2: 410.20

 

CRUDE OIL (JAN) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 JAN 2011 are:

 

SUPPORT 1: 5220

SUPPORT 2: 5135

 

RESISTANCE 1: 5415

RESISTANCE 2: 5525

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Guest Market Experts

COPPER (FEB) – Copper’s Nov contract which is going to expire on 29th FEB 2012, is expected to trade between the broad ranges of 398 to 406 Expected resistance and support level for today trade are as follows:

 

SUPPORT 1: 397.55

SUPPORT 2: 396.35

 

RESISTANCE 1: 401.55

RESISTANCE 2: 403.10

 

CRUDE OIL (JAN) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 JAN 2012 are:

 

SUPPORT 1: 5185

SUPPORT 2: 5070

 

RESISTANCE 1: 5360

RESISTANCE 2: 5445

 

GOLD (FEB) - Gold FEB contract which will expire on 4th FEB 2012.Gold gave a bearish run as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

 

SUPPORT 1: 27415

SUPPORT 2: 27325

 

RESISTANCE 1: 27765

RESISTANCE 2: 27955

 

SILVER (MAR) – Silver is Expected resistance and support level for today trade are as follows:

 

SUPPORT 1: 50620

SUPPORT 2: 49735

 

RESISTANCE 1: 52775

RESISTANCE 2: 53690

 

ENJOY FREE EQUITY AND COMMODITY TIPS http://free-commodity-tips.blogspot.com

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CRUDE (FEB)

 

In last week, below 5320 not hold any long position and composition for short sell and it made a low 4983. Resistance 5286-5304.Trend decider for this week is 5055.

 

The small trading range Resistance 5020 and support 4940

 

COPPER (FEB)

 

It continues showing its strength traded above 420 and made a high 458.

 

Today the overall trend is positive and possibly unexpected move in coming days.

 

ALUMINUM (JAN)

 

The overall trend is positive and Support range 118-120 and resistance 122

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thanks to provide this trend i am MCX trader i have seen this trend somewhere else also .

you can check out here-Commodity MCXTrading Tips|Commodity Blog|Commodity Tips|MCX Tips|MCX Blog

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MCX Gold April: Buy around 28200 levels with a stop loss placed below 28012 levels for targets of 28506levels.

 

MCX Silver May: Buy around 56710 levels with a stop loss placed below 56054levels for targets of 57604 levels.

 

MCX Crude April: Buy around 5400 levels with a stop loss placed below 5390 levels for targets of 5500 levels.

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Commodity News and Insights for Traders and Investors

 

COPPER (JUN) – Expected resistance and support level for today trade are as follows:

 

TREND CONSOLIDATE

 

SUPPORT 1: 402.50

SUPPORT 2: 394.60

 

RESISTANCE 1: 417.90

RESISTANCE 2: 423.70

 

CRUDE OIL (JUN) – Oil rose for a third day in New York as speculation that U.S. economic growth will boost fuel demand in the world’s biggest crude consumer countered concern Europe’s debt crisis will worsen..Expected resistance and support levels for the crude JUN contract are:

 

TREND CONSOLIDATE

 

SUPPORT 1: 4480

SUPPORT 2: 4345

 

RESISTANCE 1: 4732

RESISTANCE 2: 4870

 

GOLD (JUN) –Gold had plummeted following a massive surge in the US dollar on worries of exit- Greece being ousted from Eurozone and returning to its old currency. Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

 

TREND CONSOLIDATE

 

SUPPORT 1: 28830

SUPPORT 2: 28745

 

RESISTANCE 1: 29695

RESISTANCE 2: 29929

 

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

 

TREND CONSOLIDATE

 

SUPPORT 1: 53320

SUPPORT 2: 52813

 

RESISTANCE 1: 54535

RESISTANCE 2: 55120

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MCX SILVER DECEMBER : - For the next 7 days we anticipate silver costs to find support around 60000 levels.

MCX GOLD DECEMBER : - For the next 7 days we expect gold costs to discover support at 30900 – 31000 levels and further below powerful support is seen at 30500 levels.

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Markets dropped about 1% led by aggressive selling due to interest rate sensitivities and closed on a weak note. Nifty future faced resistance around 5665 and dragged towards its important support level of 5600 while closed below this key level indicating nifty in the weak zone. This bearishness will continue if nifty holds below 5600 and it may be seen trading in the support zone of 5530-5460. On higher side, 5680 is the key resistance level which will stop nifty to move on higher side.

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Commodities are on the upswing in overnight trade amid a broad-based recovery in risk appetite. The MSCI Asia Pacific regional benchmark index is up over 1 percent, pulling sentiment-anchored crude oil and copper higher while offering de-facto support to gold and silver by way of ebbing haven demand for the US Dollar.

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old costs are trading above $1752/oz with a minor obtain of more than 0.50% in Globex. The information on Greece aid plan stimulated a trend of comfort purchasing across asian stocks markets on sentiments that Greece will avoid a messy standard and quit from the euro-zone for now.

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This thread made me think of a quote by Jesse Livermore...

 

"A man must believe in himself and his judgment if he will make a living at this game. That is why I don't believe in tips. If I buy stocks on Smith’s tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around? No, sir, nobody can make big money on what someone else tells him to do.

 

I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment. It took me five years to learn to play the game intelligently enough to make big money when I was right. " - Jesse Livermore

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Gold in India is expected to move up as demand from wedding season and expected weaker rupee later can push the prices higher. Gold for February delivery on the Multi Commodity Exchange (MCX) was 1.37 percent down at INR 31500/10gms. After hitting the high of INR 31,570/10gms.

MCX SILVERMIC Apr agreement was dealing at Rs 65128.00 down Rs 165.00, or 0.25%. The SILVERMIC amount moved an intraday great of Rs 65322.00 and an intraday low of Rs 65025.00

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Dear traders..

today at mcx commodity market..

 

MCX gold remains flattening at Rs 32 230 and.

flattening and silver is trading around Rs 54,700.

MCX crude oil rose marginally to 0.1 per cent is over Rs 7210.

Natural gas declined by nearly 1 per cent has come down to Rs 238.

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