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Tuesday, June 7, 2011

MCX Commodities Intraday Call

Sell Natural Gas 215 Stoploss 218 Target 212   210    208

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MCX Precious Metals and Basemetals Market Analysis And Tips

Gold (August Futures): Buy - 22 700, Stoploss - 22600 and the target - 22 875
 At the Multi Commodity Exchange (MCX), COMDEX is trading up by 2.64 points, or 0.08%, at 3,468.65 after opening at 3,465.06.

Silver continued its upward streak in India for the third straight session Tuesday and rose by Rs 100 to Rs 55,200 per kg on sustained buying by stockists, supported by a firm global trend. However, gold held steady at Rs 22,810 per 10 grams in restricted local buying at prevailing high levels. Trading sentiments remained firm as gold gained on concerns about Europe''s debt crisis and signs that the US economy is slowing, boosting demand for the yellow metal as an alternative investment. MCX Silver Will Reach 60'000 Analyst Said About Technical Analysis....

 Gold in global markets, which normally sets a price trend on the domestic front, gained 75 cents to USD 1,545.40 an ounce in London. Silver also rose by 0.3 per cent to USD 36.90 an ounce. On the domestic front, silver ready rose by Rs 100 to Rs 55,200 per kg. It had gained Rs 1,100 in the previous two sessions.

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MCX Commodities News Letter Today 7 June 2011

GOLD RISES AS UNCERTAINTY GROWS OVER US OUTLOOK.
OIL FALLS FOR A SECOND DAY ON SIGNS SLOWING U.S. ECONOMY CRIMP DEMAND.
COPPER FIRMS ON SOFTER DOLLAR, CHILE STRIFE.
DOMESTIC OIL SEED AND EDIBLE OIL END LOWER.
 MCX Silver Technical Analysis Report Highlights For Today 
Oil fell on Monday in choppy trading on raised expectations that OPEC will raise
production targets this week and on continuing concerns about high prices curbing oil demand. Gold rose to its highest price level in more than a month on Monday, as fears about a slowing economy and expectations of easy U.S. money policies prompted safe- haven demand. Copper climbed on Monday, buoyed by a softer dollar and output disruptions in top world producer Chile.


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