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Tuesday, June 14, 2011

MCX Bullion and Basemetals tips For today | MCX technical Analysis

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Bullion Trading Data 
Precious metals are trading marginally higher today. In evening session we have U.S. data to be released  any major change can support the prices to move higher.
Basemetals News highlights
Industrial metals are trading higher today. We expect prices to trade in a range, in evening session we have  U.S. retail sales data to be released. An expectation of a weaker release will further pressurize prices of
industrial metals.
Energy Tips and Strategy
Crude oil is trading marginally higher today. We expect prices to remain under pressure on account of  growing concerns about the slowdown in economic growth.

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MCX Commodities Call Intrady For Today enter Soon

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 Soon Enter:- Sell Blow silver 52260-52360 Stoploss 53120 Target 51000

MCX Commodities Daily Newsletter for Today 14 June 2011

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Gold fell to its lowest in more than a week on Monday as the euro eased against the dollar, but concerns about the euro zone debt crisis sustained investor interest in the precious metal as a store of value. Copper fell to a three-week low on Monday, dragged down by signs of cooling in top consumer China and holidays across most of Europe. Commodity Market is Consolidate Please Apply Strategy Click here for trading strategy
  1. GOLD DECLINES AS INVESTORS COVER LOSSES IN COMMODITIES, EQUITIES.
  2. OIL FALLS MOST IN FOUR WEEKS ON SAUDI ARABIA’S PLAN TO INCREASE PRODUCTION.
  3. COPPER FALLS, CAPS BIGGEST WEEKLY LOSS IN A MONTH, AS CHINA IMPORTS DROP.
  4. DOMESTIC OIL SEED AND EDIBLE OIL TRADE MARGINALLY LOW. 
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