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Friday, May 27, 2011

MCX Commodities Daily Newsletter 27 may 2011


U.S. crude extends losses on economic growth worries.
Gold eases as Greek debt worries dent euro.
The euro fell back from the day's highs.
Copper eases on demand, LME copper inventories down.
Technical Views on GOLD and SILVER>> 
Oil fell back on Thursday as disappointing U.S. economic data and renewed euro-zone debt worries stoked fresh oil demand concerns. Gold fell on Thursday, led by a fall in euro-priced bullion and after the single European currency came under sudden pressure, but concern about the euro zone debt crisis was expected kept metal prices supported. Copper eased on Thursday amid lingering concerns over weaker Chinese demand, disappointing U.S. economic data and as Greek fiscal woes weakened the euro.
Read More about Support & Resistance Levels ::
 
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