MCX Copper futures dragged down by downbeat demand prospects

Commodity Insights reported that,MCX Copper prices fell by 0.42 per cent on Tuesday at the domestic markets as investors and speculators were cautious of booking fresh positions in the metal amid doubts over the longevity of the US Federal Reserve’s record stimulus program. A bigger than expected gain in US payrolls in October has fueled fears that the Fed may begin QE tapering from next month. At the MCX, copper futures for November 2013 contract were trading at Rs. 457.05 per 1 kg, down by 0.42 per cent, after opening at Rs. 458.35 against the previous closing price of Rs. 459. It touched the intra-day low of Rs. 456.70 till the trading.Prices also fell as a slower than expected growth in new yuan loans in China last month signaled a slowdown in the world’s second biggest economy, dimming the demand outlook for the commodity. 

Robust China trade lifts MCX Copper futures

MCX Copper futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal after a report said that China’s export and import growth accelerated last month, signaling a pickup in the world’s second biggest economy, bolstering the demand outlook for copper. China’s exports rose 5.6 per cent in October 2013 from the year ago month while imports surged 7.6 per cent. Investors were eying the US non-farm payrolls data for the month of October due later in the session. 

MCX Copper futures Lifted by Upbeat US economic data

MCX Copper futures rose in the domestic market on Yesterday as investors and speculators booked fresh positions in the industrial metal after a report showed that the world’s biggest economy expanded at a faster pace last quarter , bolstering the demand outlook for the base metal. The US economy expanded at an annualized pace of 2.5 per cent in Q2 2013 from the previous quarter underpinned by higher consumer spending. Jobless claims in the US unexpectedly fell last week, signaling an improving labour market recovery. However, a decline in the number of Americans signing contracts to buy previously owned homes signaled a cooling housing market recovery, clouding the demand outlook for the industrial metal, trimming gains in copper futures. The gauge measuring pending home sales fell 1.6 per cent in August 2013 from the previous month. 

MCX Commodities Intraday Trading Support,Resistance Levels for 27.06.2013

Points To Remember when using Pivot levels

Three most important pivot levels are 

Pivot point -P

First Resistance-R1

First Support-S1.

In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.

Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.

For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more

MCX Daily Margin for 26.06.2013

MCX Margin

Margin is the deposit money that needs to paid to buy or sell each contract of a commodity in MCX exchange.Margin, as used in futures trading, is a good faith deposit of cash.

MCX Margin levels are set by the MCX Exchange based on volatility(Market conditions) & can be changed at any time.Margin is required to trade in MCX ,it s like Investment to put to trade

MCX Margins are differ from commodity to commodity.The margin requirement for MCX commodities trading range from 5 % to 20 % of the value of a contract with a minimum of 5%,except for MCX Gold where the minimum margin is 4 %.

MCX Commodities Intraday Trading Support,Resistance Levels for 26.06.2013

Points To Remember when using Pivot levels

Three most important pivot levels are 

Pivot point -P

First Resistance-R1

First Support-S1.

In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.

Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.

For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more

MCX Commodities Intraday Trading Support,Resistance Levels for 25.06.2013

Points To Remember when using Pivot levels

Three most important pivot levels are 

Pivot point -P

First Resistance-R1

First Support-S1.

In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.

Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.

For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more

MCX Commodities Intraday Trading Support,Resistance Levels for 24.06.2013

Points To Remember when using Pivot levels

Three most important pivot levels are 

Pivot point -P

First Resistance-R1

First Support-S1.

In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.

Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.

For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more

MCX Commodities Weekly Pivot Supports and Resistances for June'' 24-29 ''2013

MCX Commodities Weekly Pivot Supports and Resistances for June'' 24-29 ''2013

Commodity	S3	S2	S1	PP	R1	R2	R3
Gold	25031.33	25868.67	26444.33	27281.67	27857.33	28694.67	29270.33
Silver	36597.33	38656.67	40121.33	42180.67	43645.33	45704.67	47169.33
Copper	391.35	396.60	402.20	407.45	413.05	418.30	423.90
Crudeoil	5248.33	5417.67	5515.33	5684.67	5782.33	5951.67	6049.33
Lead	114.13	116.62	118.83	121.32	123.53	126.02	128.23
Zinc	103.03	104.27	106.38	107.62	109.73	110.97	113.08
Nickel	791.07	801.13	818.87	828.93	846.67	856.73	874.47
Aluminum	100.43	102.07	103.48	105.12	106.53	108.17	109.58
Natural Gas	199.20	209.20	219.40	229.40	239.60	249.60	259.80

MCX Daily Margin for 21.06.2013

MCX Margin

Margin is the deposit money that needs to paid to buy or sell each contract of a commodity in MCX exchange.Margin, as used in futures trading, is a good faith deposit of cash.

MCX Margin levels are set by the MCX Exchange based on volatility(Market conditions) & can be changed at any time.Margin is required to trade in MCX ,it s like Investment to put to trade

MCX Margins are differ from commodity to commodity.The margin requirement for MCX commodities trading range from 5 % to 20 % of the value of a contract with a minimum of 5%,except for MCX Gold where the minimum margin is 4 %.

MCX Commodities Intraday Trading Support,Resistance Levels for 21.06.2013

Points To Remember when using Pivot levels

Three most important pivot levels are 

Pivot point -P

First Resistance-R1

First Support-S1.

In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.

Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.

For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more

MCX Daily Margin for 20.06.2013

MCX Margin

Margin is the deposit money that needs to paid to buy or sell each contract of a commodity in MCX exchange.Margin, as used in futures trading, is a good faith deposit of cash.

MCX Margin levels are set by the MCX Exchange based on volatility(Market conditions) & can be changed at any time.Margin is required to trade in MCX ,it s like Investment to put to trade

MCX Margins are differ from commodity to commodity.The margin requirement for MCX commodities trading range from 5 % to 20 % of the value of a contract with a minimum of 5%,except for MCX Gold where the minimum margin is 4 %.

MCX Commodities Intraday Trading Support,Resistance Levels for 20.06.2013

Points To Remember when using Pivot levels

Three most important pivot levels are 

Pivot point -P

First Resistance-R1

First Support-S1.

In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.

Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.

For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more

MCX Daily Margin for 19.06.2013

MCX Margin

Margin is the deposit money that needs to paid to buy or sell each contract of a commodity in MCX exchange.Margin, as used in futures trading, is a good faith deposit of cash.

MCX Margin levels are set by the MCX Exchange based on volatility(Market conditions) & can be changed at any time.Margin is required to trade in MCX ,it s like Investment to put to trade

MCX Margins are differ from commodity to commodity.The margin requirement for MCX commodities trading range from 5 % to 20 % of the value of a contract with a minimum of 5%,except for MCX Gold where the minimum margin is 4 %.

MCX Commodities Intraday Trading Support,Resistance Levels for 19.06.2013

Points To Remember when using Pivot levels

Three most important pivot levels are 

Pivot point -P

First Resistance-R1

First Support-S1.

In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.

Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.

For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more

MCX Daily Margin for 18.06.2013

MCX Margin

Margin is the deposit money that needs to paid to buy or sell each contract of a commodity in MCX exchange.Margin, as used in futures trading, is a good faith deposit of cash.

MCX Margin levels are set by the MCX Exchange based on volatility(Market conditions) & can be changed at any time.Margin is required to trade in MCX ,it s like Investment to put to trade

MCX Margins are differ from commodity to commodity.The margin requirement for MCX commodities trading range from 5 % to 20 % of the value of a contract with a minimum of 5%,except for MCX Gold where the minimum margin is 4 %.