NCDEX Chana Commodity Trading Calls 16 July

The Whole trend has turned bullish for NCDEX Chana futures. Chana July contract is likely to trade bullish for both short term and intra-day.

Rains remain critical for sowing of Kharif Pulses. Monsoon in July would remain a strong factor influencing price direction as sowing of Kharif Pulses continue. Govt initiatives to improve supply could limit the uptrend as it proposes to import 5000 tons Urad and has floated a tender for import of 5000 tons.

As per latest Govt reports, the area under Kharif Pulses has risen to 32.61 lakh ha as on 10th July vs 22.71 lakh ha same period last year. Above normal rains in Central and South India have improved sowing, keeping prices down for Chana in June. The Month of July, however, saw a bounce back as rainfall activities slowed down. That is however again expected to pick up in coming days.

Short term support is seen at 4330 and resistance at 4550. Intraday support is seen at 4420 and resistance at 4460.

MCX Commodity Calls For Today 13 July

MCX Commodity Calls For Today

MCX Copper @ August: Sell at 357, Target 354-351, SL-361

MCX Silver @ September: Sell at 35900, Target 35400-200, SL-36100

MCX Crude Oil @ July: Sell 3320-30, Target 3250, SL-3380

MCX Gold @ August: Sell 26200, Target 26050-25900, SL-26400

MCX Commodity Trading Calls Today 10 July 2015

MCX Gold held over a four-month low on Friday, prodded by a firmer euro on indications of advancement paying off debt-hit Greece endeavors to secure crisp subsidizing. 

In any case, bullion is still down so far for the week, its third in succession, in the midst of feeble physical request in top purchasers China and India. Prices have been caught in a tight range with worldwide vulnerabilities from Greece to China neglecting to start place of refuge offers. 

MCX Gold pared picks up on Thursday in the wake of moving from the earlier session's four-month low as a recuperation in Chinese shares cooled apprehensions of a more extensive defeat in the real bullion traders while quality in the U.S. dollar kept a cover on additions.

MCX Commodity Trading Calls Today

We expect MCX gold prices are prone to exchange positive on the back of FOMC meeting minutes.

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MCX Commodity Updates and Calls 9 July 2015

Crude Oil prices rose in Asia on Thursday but remain subdued by concerns about the impact on demand from the stock market rout in China and Greece's debt crisis, analysts said. Robust commercial crude inventories in the United States added to the pressure in the commodity face of a supply glut, they said. 

"Live Commodity online prices fell sharply this week with crude prices suffering their largest sell-off in five months, slumping more than 8.0 percent." 

It would be recommended to buy crude oil on the current level, it may go higher in a day or two.

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MCX Commodity Trading Calls For Today 8 July 2015

Short term and intraday pattern for MCX Crude Oil July contract is liable to be bearish. Support for transient is at 3000 and resistance at 3600, Intraday backing is seen at 3250 with a resistance of 3360. 

Customer request in China could slow down if the share trading system emergency keeps, hitting merchandise utilization. Greece's obligation emergency has additionally delayed wares. 

MCX Crude Oil July contract has been trading around 0.64per cent to 3285 levels at 11.59am on Wednesday.

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MCX Crude Oil Updates | Commodity Calls For Today 7 July

Crude oil prices balanced out on Tuesday morning subsequent to posting one of their greatest selloffs this year the earlier day over Greece's dismissal of obligation bailout terms and China's securities exchange troubles.

"Crude oil prices hit a two-month low amid mounting concerns over economic stability in Europe and Asia. On the supply side, an increase in Iranian supply is expected to compete with Russian sales when the new supply hits the market," ANZ bank said on Tuesday.

MCX Commodity Trading Calls Today

Copper (August futures ) Sell 362, Target 354-352, stop loss 364

Natural Gas ( July futures ) Sell 177-178, Target 173-172, stop loss 181

Commodity Trading Calls Today 6 July 2015

Gold prices firmed on Friday, rebounding from a 3 months low as the dollar softened while investors remained cautious ahead of Greece's referendum on an international bailout deal.

Gold has been under pressure this year from uncertainty over the timing of any rate increase, which could boost the dollar further and dent demand for non-interest-paying bullion.

We expect gold prices are likely to trade positive on the back of Greece referendum.

BUY MCX GOLD AUG @ 26235 SL BELOW 26130 TGT 26310-26440-26520

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MCX Commodity Calls Today 3 June 2015

MCX Silver prices rose 0.3 percent after falling 1.3 percent in the last session. Silver is expected to trade negative as per our expert analysis, due to US interest outlook rate which should be increased by the Federal Reserve which led by the global cues.

Also, the other reason is the market is developing gradually due to Greece debt to be regained by the European bank.

At 1.20 PM, MCX Silver is traded at 35502.00 up by 67.00 points which make intraday high of 35600 and low at 35397. It would be recommended to sell silver on this level, which may go further under the level of 35100.

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