10 Jun 2013

MCX Commodities Price Movement In a Trading Day

There are Plenty of Commodities Trading in MCX Commodity Futures trading.The Commodities can be varied by Bullion's,Energies,Base metals & Agro Commodities.Each Section of the Commodities giving different kind of movement in everyday 's Trading.Knowing these commodities each trading Movement makes the trader to take right decision in proper way.Before enter into the Ocean Of Trading should know the Daily Minimum / Price movement/Price Fluctuation of Traded Commodity is a basic thing/Mandatory.Getting Knowledge about these things would possible to makes the trading in a Progressive way for Profits.
MCX Gold,Silver,Crudeoil,Natural Gas,Base metals like Copper,Lead,Zinc,Nickel & Aluminium Prices has been Fixed by the International market Prices.Though these MCX Commodities Prices have been fixed by the International Prices,but there are some common Price Movements will be possible in an each trading day.These Commodities price movements are based on my observation only,not fixed by the MCX Exchange.
MCX Gold
MCX Gold Prices has been fixed by the  International Gold Price quoted in US Dollars per troy ounce. MCX Gold 10 grams quoted price likely to give Minimum 50 Points/Rupees in a single trading day.Maximum price movement 200-250 points/Rupees per day in a normal trading day.So,Normal Range MCX Gold would likely to be 50-250 Points in a Trading Day.
Maximum Points can be vary by the volatility of the Market.Strong Fundamentals would pave the way for heavy volatility . MCX Gold may possible to give 700-1000 points/rupees per ten gram during heavy volatile market.During the time Of Indian Budget times,Spike s be possible with MCX Gold.Gold duty related news like Indian Import duty hike announcement in Budget would make Gold shines to give Spike s.
As per Last two years data,MCX Gold gave Spike sin Price during Budget Speech.So ,Traders would be cautious on Budget Timings.
MCX Silver 
Silver Prices mostly Followed by Gold.But now a days Gold -Silver Correlation be likely changed due to Silver to be consider more as Industrial metal than precious metal.Gold & Silver both are negatively correlated with US Dollar & Positively correlated with Euro.
MCX Silver followed by the International Price of Silver quoted in US Dollars per troy ounce.MCX Silver 1 Kg quoted price likely to give Minimum 120/Rupees in a single trading day.Maximum price movement 500-700 points/Rupees per day in a normal trading day.So,MCX Silver Normal Range would likely to be 120-700 Points in a Trading Day. MCX Silver may possible to give 1500-4000 points/rupees per ten gram during heavy volatile market.


MCX Crude Oil
MCX Crudeoil Prices has been fixed by NYMEX Crude oil Prices of International market.MCX Crudeoil 1 Barrel quoted price likely to give Minimum 25/Rupees in a single trading day.Maximum price movement 50-80 points/Rupees per day in a normal trading day.So,MCX Crudeoil Normal Range would likely to be 25-80 Points in a Trading Day. MCX Crude Oil may possible to give 120-240 points/rupees per ten gram during heavy volatile market.
MCX Natural Gas
MCX Natural Gas Prices has been fixed by NYMEX Natural Gas Prices of International market.MCX Natural Gas likely to give Minimum 2/Rupees in a single trading day.Maximum price movement 5-8 points/Rupees per day in a normal trading day.So,MCX Natural Gas Normal Range would likely to be 2-8 Points in a Trading Day. MCX Natural Gas may possible to give 10-18 points/rupees per ten gram during heavy volatile times.
MCX Copper
MCX Copper has been fixed by the price of London Metal Exchange(LME) Copper Price.MCX Copper has possible to give minimum price movement/fluctuation  of 4 Rs/point in a single trading day.MCX Copper Normal Trading Range per trading day is 4-8rs/Point.During heavy volatile trading days MCX Copper likely to give 12-18 rupees/Points.
MCX Lead & Zinc
Lead & Zinc are Sister Metals.Both are following them.MCX Lead & Zinc Prices fixed by the London Metal Exchange price.MCX Lead & Zinc Giving same kind of movement in MCX Trading.MCX Lead & Zinc likely to give minimum price movement/ fluctuation of 1 Rupee/Point in a Trading day.MCX Lead & Zinc Normal Trading Range per day is 1-4 points.During heavy Volatile trading days MCX Lead & ZInc Likely to give 5-8 points fluctuation.
MCX Nickel
MCX Nickel Prices has been fixed by the International Spot Market Prices.Nickel has been widely used for stainless steel production.MCX Nickel  has possible to give minimum price movement/fluctuation  of 5 Rs/point in a single trading day.MCX Nickel normal Trading Range per trading day is 5-12 rs/Point.During heavy volatile trading days MCX Nickel likely to give 15-40 rupees/Points.
MCX Aluminium
MCX Aluminium is the second most consumed metal after Steel in the World.MCX Aluminium has possible to give minimum price movement/fluctuation  of 1 Rs/point in a single trading day.MCX Aluminium Normal Trading Range per trading day is 2-4rs/Point.During heavy volatile trading days MCX Aluminium likely to give 5-8 rupees/Points.
During Heavy volatile days MCX Trading levels can be reach up to the MCX fixed level Of DPR.DPR is the Nothing but Daily Price Range.Through this post Beginners can getting an idea about MCX Commodities Minimum price Fluctuation/Movement in a single Trading Day.


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