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Tuesday, July 5, 2011

MCX Commodities Support and resistance For Today 5 July 2011

GOLD REBOUNDS; SEEN TO FACE HEADWINDS IN SHORT-TERM.
OIL STEADIES ON ASIA EQUITY, GREEK DEBT CONCERNS WEIGH.
COPPER UP ON U.S. MANUFACTURING DATA, RISK APPETITE IN CHINA.
DOMESTIC OIL SEED AND EDIBLE OIL MOVE TRADE LOWER.
How To Analysis Chart and Fundamental Report
Oil prices were steady on Monday on firmer global share prices, but trade was muted by the United States Independence Day holiday despite negotiations between the Libyan government and rebels and Greek debt concerns. Gold prices rose 0.5 percent in Europe on Monday as investors took advantage of the metal's dip to six-week lows last week to buy into the market, on expectations that the euro will extend gains versus the dollar. Copper steadied on Monday as a stronger dollar counterbalanced an improvement in market sentiment. 
MCX-NCDEX MONSOON Commodities tips
 
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