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Friday, March 4, 2011

Market News today for Bullions and Crude oil


Intraday Buy Call
Buy Crude Oil At  4652-4655  SL 4620  Target  4680-4700

Due to political crisis in middle east , by which weak USD and global inflation
worries lifted bullion prices Recent monts.Gold is to be well supported on investment demand . In Gold prices expect msome currection from this lavel.
Silver prices have reached by 90% in last months. Compare to silver gold rise 20% during the same period and in comming few months silver will give better return compare to gold.
Gold future fell by more than 1% on COMEX on 3 march 2011 and also silver prices fell by same.
At MCX, India's largest commodity bourse, Gold April futures settled slightly down on Thursday at Rs. 20858 per ten grams against previous day’s close of 21152 down by 294 rupees.

Support for MCX Gold Apr contract is seen at 20600 and below it; prices can test 20300, while the resistance levels are 21100 and 21400 respectively.
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