Sure Shot Natural Gas Tips

Natural Gas (MCX-Jan'11): Natural Gas is still in downtrend. Above 206 only, it will attract the buyers else be short on high with SL of 106.50. 

This counter shortly down trend in this counter and 208.00 level above buy at only and 208.00 level below shortly down trend in this counter and low side support at 195.00 level and 187.50 level and 208.00 level cross above up side resistance at 215.00 and 227.50 level.

Trend is remain bullish as hold 190 level, higher level resistance 209-210 range and real move only above that level. Buying area around 195-193 range. 

On Saturday, the top gainers at MCX were Natural gas for February contract (1.65%), Natural gas for March contract (1.53%), Natural gas for April contract (1.45%), CPO for April contract (0.67%) and Refine soya oil for March contract (0.44%).

Natural Gas future price climbed in the domestic market due to expectation of below than normal weather in US. At MCX, Natural Gas Future for February contract closed at Rs. 202.60 after opening at Rs 200.00 against the previous close price of Rs. 200.10 and Natural gas for March contract closed at Rs 205.60 after opening at Rs 203.60 against the previous close price of Rs. 203.00.

Natural gas Future for February contract is trading at Rs. 202.60 per mmbtu, down by 0.20%, after opening at Rs. 203.50 against the previous close price of Rs. 202.60. (At 11:00 AM today).

Natural gas for February contract is trading at Rs 201.20 against Previous close price of Rs 202.60 (down by 0.69%). (At 4:43 P.M today)

Sureshot Commodity Trading Tips

Cardamom futures declined as much as 1.68% on Multi Commodity Exchange (MCX) today on the back of profits booking by the speculators at existing higher price levels. Moreover, increased arrivals from major producing regions also putted a downward pressure on cardamom futures prices.

Cardamom for February contract, at MCX, is trading at Rs. 1,473.50 per kg (down by 1.22%) after opening at Rs. 1,500.00 against the previous close of Rs. 1,491.70 with intra-day low of Rs. 1,467.10 till the trading. (At 11:13 AM today).

Currently, domestic commodity markets are trading with a mixed trend. MCXENERGY and MCXAGRI indices are showing upward trend, while MCXCOMDEX and MCXMETAL are showing downward trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,241.61 (down by 0.16%), MCXMETAL is trading at 4,075.05 (down by 0.55%), MCXENERGY is trading at 2,900.01 (up by 0.17%), and MCXAGRI is trading at 2,908.40 (up by 0.30%). (At 11:39 AM today).

Gold for February contract, at MCX, is trading at Rs.19,530.00 per 10 grams, down by 0.75%, after opening at Rs. 19,650.00 against the previous close of Rs. 19,678.00 with intra-day low of Rs. 19,515.00 till the trading. (At 11:18 AM today).

Gold for February contract is trading at $1,309.7 per ounce, down by $8.7, after opening at $1,314.00 against the previous close price of $1,318.4 per ounce. It touched the low of $1,307.7 till electronic trading at COMEX. (At 11:17 AM today).

Silver for March contract, at MCX, is trading at Rs.41,320.00 (down by 1.43%) after opening at Rs. 41,820.00 against the previous close of Rs. 41,920.00 with intra-day low of Rs. 41,280.00 till the trading. (At 11:15 AM today).

The top gainers at MCX are Kapas for April contract (2.37%), Potato for May contract (0.92%), Potato for April contract (0.78%), Potato for March contract (0.68%) and CPO for April contract (0.62%). (At 11:11 AM today).

The top losers at MCX are Silver M for June contract (-1.51%), Silver M for April contract (-1.47%), Silver for March contract (-1.47%), Cardamom for May contract (-1.47%) and Silver M for February contract (-01.46%). (At 11:09 AM today).

The top gainers at NCDEX are Kapas for April contract (1.58%), Castor seed for March contract (1.56%), Castor seed for February contract (1.45%), Castor seed for April contract (1.14%) and Chilli LCA for April contract (0.94%). (At 11:07 AM today).

The top losers at NCDEX are Steel Long New for May contract (-1.85%), Cotton oil seed for May contract (-1.81%), Steel Long New for April contract (-1.59%), Cotton oil seed for February contract (-1.10%) and Turmeric for May contract (-1.09%). (At 11:05 AM today).

At New York Mercantile Exchange (NYMEX), crude future for March contract is trading at $85.59 a barrel, down by 5 cent, after opening at $85.28 against the previous close price of $89.64. It touched the intra-day low of $85.11 a barrel with a business volume of 13,500 lots till electronic trading. (AT 11:00 AM today).

Natural gas Future for February contract is trading at Rs. 199.70 per mmbtu, down by 0.89%, after opening at Rs. 200.50 against the previous close price of Rs. 201.50. (At 10:58 AM today).

Copper for February contract, at MCX, is trading at Rs.437.10 per kg (down by 0.42%) after opening at Rs. 438.00 against the previous close price of Rs. 438.95 with intra-day low of Rs. 436.35 till the trading. (At 10:57 AM today).