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Tuesday, March 22, 2011

MCX Commodities Support and Resistance for today 21 march 2011 | mcx Market Analysis | MCX Commodity live prices

Hot MCX Market updates | Technical analysis for Gold,Silver,crude oil and Copper

GOLD RISES ON GROWING MIDDLE EAST TENSIONS, WEAK DOLLAR.
OIL RISES $2 AS WESTERN POWERS STRIKE LIBYA.
COPPER SLIPS ON SLIGHT SELLING PRESSURE.
INDIAN JEERA AND PEPPER ENDED UP, TURMERIC POST LOS.

Copper failed to extend gains.
LME copper inventories to their highest level since last July .
Aluminium LME stockpiles saw an outflow of 6,575 tonnes today.
Gold up on safe-haven bid as Libya ceasefire questioned today .
Oil prices slipped on Friday after two days of gains today.
Natural gas trading near recent high on 21 march.

Gold rose for a third straight day on Friday after a unilateral ceasefire declared by Libyan leader Muammar Gaddafi failed to calm investor nerves as political tensions remained elevated across the Arab world. Copper failed to extend gains into a third day Friday, ending lower, as further tightening moves in China, Middle East unrest and Japan's nuclear crisis kept investor risk at a minimum. Oil prices slipped on Friday after two days of gains, as Libya declared a ceasefire, easing for the moment the threat of a Western air attack that could escalate the conflict and further damage oil facilities.
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