MCX Commodity Tips ~ Gold Updates, Silver Updates Today 04 April 2012

Wednesday, April 4, 2012
NEWS HIGHLIGHT

Gold holds near $1,675/oz ahead of fed minutes.
Crude oil slips as bearish demand data offsets supply fears.
Copper steady near 2-month high on china, u.s. data.
Domestic oil and oilseed down on profit booking.

TODAY’S ECONOMIC EVENTS:

Date
Time
 Currency
 Economic Data
Forecast
Previous
WED
4TH APR
 02:15:00
USD
FOMC Member Williams Speaks


17:30:00
USD
Treasury Sec Geithner Speaks


5:45pm
USD
 ADP Non-Farm Employment Change
209K
216K

7:30pm
USD
ISM Non-Manufacturing PMI


56.8
57.3
8:00pm
USD
 Crude Oil Inventories

7.1M
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MCX Commodity Tips ~ Commodity Market Updates Today 03 April 2012

Tuesday, April 3, 2012
NEWS HIGHLIGHT:
Gold prices ease as equities, oil retreat.
Crude oil eases below $103 after first-quarter rally.
Copper up on china factory data, but caution reigns.
Domestic oil and oilseed up after usda report.

TODAY’S ECONOMIC EVENTS

Date
Time
 Currency
 Economic Data
Forecast
Previous
TUE
3 RD APR
 19:30:00
USD
Factory Orders m/m
1.50%
-1.00%
23:30:00
USD
FOMC Meeting Minutes


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MCX NCDEX Tips ~ Commodity Market Updates Monday 02 April 2012

Saturday, March 31, 2012
NEWS HIGHLIGHT 

Gold hovers around $1,660/oz; traders eye euro zone meet.
Crude oil firmer on weak dollar, supply worries.
Copper rallies, on track for 10 pct q1 advance.
NCDEX chana, rmseed and potato fall on margain hike.

TODAY’S ECONOMIC EVENTS

Date
Time
 Currency Economic Data
Forecast
Previous
MON
2ND APR		 19:30:00
USD
ISM Manufacturing PMI
53.3
52.4
22:05:00
USD
FOMC Member Pianalto Speaks


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MCX NCDEX Tips ~ Commodity Market Updates Today 30 March 2012

Friday, March 30, 2012
NEWS HIGHLIGHT 
Gold gives up early gains; tracks equities lower.
Crude oil down $105 on us crude stocks rise offset iran tension.
Copper steadies; growth worries cap gains.
Domestic oil and oilseed trade up on global cues.

TODAY’S ECONOMIC EVENTS

Date
Time
 Currency Economic Data
Forecast
Previous
FRI
30TH MAR		 6:00pm
USD
 Core PCE Price Index m/m
0.1%
0.20%
6:00pm
USD
 Personal Spending m/m
0.6%
0.20%
6:00pm
USD
 Personal Income m/m
0.4%
0.3%
7:15pm
USD
Chicago PMI
63.2
64.0
7:15pm
USD
 Revised UoM Consumer Sentiment
74.9
 74.3
7:15pm
USD
Revised UoM Inflation Expectations

4.0%
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Today Support & Resistance Levels of MCX Commodity Market

Thursday, March 29, 2012
MCX Gold (April):
Prices have support at Rs 28,030/10gms and resistance at Rs 28,250/10gms.

MCX Silver (May):
MCX May Silver ended 1.4% lower at Rs 56,578/kg. Prices made a high of Rs 57,395/kg and a low of Rs 56,467/kg. Prices have support at Rs 56,300/kg and resistance at Rs 57,000/kg.

MCX Copper (April):
Prices have support at Rs 426/kg and resistance at Rs 435/kg.

MCX Crude (April):
Prices have support at Rs 5,355/bbl and resistance at Rs 5,455/bbl.
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