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Thursday, June 23, 2011

MCX Commodities Market Analysis Report for Where Should You Trade in Mansoon Session

Gold and Silver Technical Report and Fundamental 
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Silver were seen in the declining trend today. Silver on MCX is trading down nearly 1 percent, while gold is trading down by about half per cent. Dollar rally and decline in international market has had an impact on domestic businesses.

Today's sharp decline in crude oil. While more broken than 1 per cent at MCX on NYMEX crude oil prices have plummeted by nearly 2 per cent. The Federal Reserve has slashed its estimate of growth of the U.S. economy. According to the U.S. economy than the Fed expects growth to remain low. The crude oil demand has been feared to drop.
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