Commodity Tips Expert

Slowdown in the international market in gold, while silver is gained. Comaks the gold has come down to $ 1,750. The silver boom, with nearly half per cent is trading above $ 33. Gold in the domestic market on Wednesday with a fall of half per cent to close at Rs 28 161, nearly 1 per cent fall, while silver closed at Rs 56 737.

 

Slowdown in the trend of crude oil in the international market. Although the price is above $ 98. The slight increase in the domestic market on Wednesday, with crude oil closed above Rs 4,800.

Copper traded on the London Metal Exchange is seen in the flat. Copper in the domestic market on Wednesday with about 1 per cent to close at Rs 424. 

With gold on MCX ended at Rs 28400. However, silver is trading close to 0.5 per cent up to Rs 57600.

Tends to firm up the base metals. Copper, nickel, lead, zinc is 1.25 to 0.75 per cent. Aluminum is 0.5 per cent.

Light crude oil is increasingly being viewed. With nearly half per cent on commodity crude oil is trading above Rs 4,800. Naimaks while crude oil prices have risen above $ 98.

Gold - Silver is still in the early lethargy. Rs 28 378 in the domestic market in gold, while silver is trading at Rs 57 276. Comaks on the gold - silver is still idling.

 

Growth has occurred with the introduction of crude oil. 0.30 per cent in the domestic market with crude oil is trading up Rs 48.00. Naimaks while the crude oil with a lead of half per cent is traded above $ 98.

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Mcx Tips Expert

Crude oil prices have increased strongly. MCX crude oil price has gone up to Rs 5000. Naimaks 101 dollars a barrel on crude oil is up. 

Gold business is slow. MCX gold was trading at Rs 28 117. Silver with 0.5 per cent to Rs 56 680. 

In base metals mixed business is. Copper and nickel is about 0.5 per cent. Weakness in zinc and lead.

Agri commodity weakness of 2.5 per cent in the turmeric. Being a new crop starts arriving in the spot market has skidded turmeric. 

Turmeric is also falling apart Kastrseed potatoes au. Gwarseed, Gwargm and barley is up by 4 per cent.

Today has been a sharp drop in the potato. NCDEX turnover down 2.7 per cent is close to the potatoes. Potatoes came up strongly in the last days of this month only about 10 per cent of the potato has come. 

China has picked up strongly today. February futures on NCDEX sugar is trading at around 1.5 per cent. The March futures price of sugar is still below Rs 3,900. The Uttar Pradesh 13 per cent in sugar production this year is Bdhtori. While NCDEX has decided to remove the pepper from the special margin. Next week, after which the special margin will be 10 per cent of businesses.

 

Agri commodities and pepper Gwarseed is accelerating. However, the weak business is potatoes and coriander.

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Share Tips Free Trading Tips Trial

Copper yesterday traded with the positive node and settled 0.37% up at 418.7 regained strength after the release of data showing slowing contraction in euro zone mfg activity, while renewed optimism over talks between Greece and its bondholders provided further support. The euro zone’s PMI rose to 48.8 in Jan, compared to a preliminary reading of 48.7 and up from 46.9 in Dec. Germany PMI’s came in at 51.0, indicating expansion and above an earlier estimate of 50.9. Meanwhile, the dollar came under pressure after Greek newspaper Kathimerini reported that the head of the IMF mission to Athens said talks on a new loan program for the country will conclude within a matter of days. 

Inthe other story workers of one union at Teck Resources Ltd's Chilean Quebrada Blanca mine, which produced 86,200 tonnes of copper in 2010, ratified strike action after contract negotiations with the firm broke down, a union leader said late on Tuesday night. However, a separate report from HSBC indicated that Chinese mfg activity contracted for the third consecutive month. For today's session market is looking to take support at 415.1, a break below could see a test of 411.6 and where as resistance is now likely to be seen at 420.7, a move above could see prices testing 422.7.

Trading Ideas for share tips free trial :

Copper trading range is 411.6-422.7.

Copper settled up regained strength after the release of data showing slowing contraction in euro zone mfg activity

Workers at Teck Resources Ltd's Chilean mine, ratified strike action after contract negotiations with the firm broke down

Copper daily stocks at Shanghai exchange came up by 1402 tonnes.

Zinc yesterday traded with the positive node and settled 0.19% up at 104.7 yesterday LME zinc prices once dipped to USD 2,070/mt ahead of manufacturing PMI for major economies was better than expected, with European economic data showing the manufacturing activity is improving. Meanwhile, US economic data shows that the employees in US private sector grew steadily, and construction spending increased as well. As a result, LME zinc prices climbed gradually to above the 10dma, with prices finally closing at USD 2,117.5/mt, up USD 12.5/mt. January PMI announced by global major economies was better than market expectation, indicating that global economy is recovering. 

The US PMI announced by ISM was 54.1, and the PMI was 50.5 from China, 51.0 from Germany, indicating expansion of manufacture activities. In addition, the US private sector payrolls for January increased by 170,000, in line with market expectation. The global manufacture data and the US employment data both advanced, boosting market expectation over demand for industrial commodities and risk appetite. For today's session market is looking to take support at 103.4, a break below could see a test of 102 and where as resistance is now likely to be seen at 105.7, a move above could see prices testing 106.6.

Trading Ideas:

Zinc trading range is 102-106.6.

Zinc gained with European economic data showing the manufacturing activity is improving

US economic data shows that employees in US private sector grew steadily, and construction spending increased as well

Workers at Peruvian miner Milpo's El Porvenir zinc and lead unit ended a strike after six days off the job.

Nickel yesterday traded with the positive node and settled 0.31% up at 1042.7 tracking LME nickel which opened at USD 20,710/mt and closed at USD 21,039/mt overnight, up by USD 302/mt from a day earlier, with the highest price at USD 21,150 mt and the lowest price at USD 20,549/mt. China’s PMI for January was above 50, but market was less encouraged by the data and LME nickel prices still fluctuated during Asian trading hours. However, LME nickel prices advanced to certain extent and finally closed at USD 21,039/mt from positive PMI from Germany, the UK and the US. Upbeat PMI from major economies boosted market. 

Regards,

Intraday Trading Tips

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