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Friday, March 18, 2011

MCX Bullion And basemetals call for evening today | MCX Bullion Trend | MCX Free Live Price

MCX Evening Call

 Gold (April) Buy 20880 Stoploss-20700 Target- 21100

Crude Oil (March ) Buy 4638, Stoploss - 4590 and target – 4710

Copper (April ) Buy 432.50 Stoploss - 431 and the target – 438

Market News
Crude oil has gone up. NYMEX once again on the crude oil has exceeded $ 100. Increased tension in Libyan crude oil prices are rising. While the last days of the great copper boom after seeing today's softening. London Metal Exchange copper half cent at the moment with the decline of business is around 9530 dollars per ton.
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MCX support and resistance for today 18 march 2011 | Copper market news | Crude oil tips

Copper hit its highest in over a week on Thursday as buyers moved back into the metal after Japan's nuclear crisis drove it to three-month lows this week, with positive U.S. data giving an additional lift to prices. Gold rose on Thursday, sustained by an increase in exchange traded product (ETP) holdings, stronger physical demand and a weaker dollar. Oil prices rallied by more than 3 percent on Thursday as unrest in the Middle  East and North Africa added more worries about supply disruptions. Copper rebounds to week-high. LME copper stocks rise.
Japan still struggling to contain nuclear crisis .
Gold supported by inflation worries .
U.S. industrial output slips .
Oil rises over 3 pct on Middle East unrest .

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