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This service pack is specially designed for traders, who are trading in MCX Bullion(Gold , silver) i.e. all the commodity bullion. Under this package the service would be provided via mobile by sms during the market hours. On an average 60-70 Calls would be given per month.

MCX ENERGY TIPS

This service pack is specially designed for traders, who are trading in MCX ENERGY (CRUDE OIL AND NATURAL GAS) i.e. all the ENERGY SCRIPS . Under this package the service would be provided via mobile by sms during the market hours. On an average 40-50 Calls would be given per month.

12 Feb 2013

Russia may raise Gold output by 5% every year till 2020

A day after Russian central bank announced adding 570 tons of gold to it's reserves in the last ten years, a top industry body sees country’s gold production at 226 tons in 2012. According to Russian Gold Industrialists' Union, country's gold production is likely to increase by 5 percent this year from 226 tonnes in 2012. The Union said Russia may increase production by 5 percent a year till 2020 if gold prices remain high. In 2011, Russia produced 222 tons of gold, driven by the development of Polyus Gold's projects. Polyus, Russia's largest gold miner increased output last year by 12 percent to 1.68 million ounces, thanks to further improvement in recovery rates and higher processing volumes. Another major producer, Polymetal’s gold production jumped 33 percent to 589,000 ounces. Gold averaged $1,668.77 an ounce last year. London Metal Exchange gold forward contracts show that traders forecast the price to reach $2,700 an ounce in 2023. China, the U.S and Australia are the world’s three biggest producers.

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Courtesy:BULLIONSTREET

Copper futures fall to 2-week low in risk-off trade

Copper futures were down for a second day on Tuesday, as market sentiment remained cautious ahead of U.S. President Barack Obama’s State of the Union speech later in the day and the upcoming meeting of the G20 group. Activity was subdued with market participants in China away for the Lunar New Year holiday. China is the world’s largest copper consumer, accounting for almost 40% of world consumption last year. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.713 a pound during European morning trade, down 0.25% on the day. New York-traded copper prices fell by as much as

12-FEB-2013 INTRADAY LEVELS FOR MCX COMMODITY MARKET

12-FEB-2013 RESISTANCE LEVELS SUPPORT LEVELS
COMMODITY RES-1 RES-2 RES-3 SUP-1 SUP-2 SUP-3
ALUMINIUM 112.90 113.65 114.05 111.75 111.35 110.60
COPPER 446.75 449.45 451.50 441.95 439.95 437.25
CRUDEOIL 5266 5302 5371 5161 5092 5056
GOLD 30789 30938 31041 30537 30434 30285
LEAD 129.75 130.75 131.30 128.20 127.65 126.65
NATURALGAS 179.20 181.30 184.10 174.30 171.50 169.40
NICKEL 986.20 991.20 994.50 977.90 974.60 969.60
SILVER 58167 58672 58985 57349 57036 56531
ZINC 118.20 118.95 119.60 116.80 116.20 115.40
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