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Friday, June 17, 2011

MCX Silver Buy Or Sell

Silver Sell Below Rs 53000, target of Rs 52,000, stoploss Rs 53640


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MCX Bullion Market Outlook 
Silver Outlook
Today's sharp decline in silver. MCX increased selling pressure in the silver price has come down to Rs 53,000. The decline in foreign markets has had an impact on domestic businesses. The dollar rally COMEX the silver price has come down to $ 35.oo.
Gold Outlook
India's gold futures eased on Friday afternoon on a drop in the overseas market, but a weak rupee limited the downside, though spot demand was weak, and dealers said. 
Crude Oil Chart Analysis Click Here
Sharp decline in crude oil. On MCX, crude oil is trading down nearly two per cent. While nearly half the per cent decline in copper.

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MCX Daily Commodities Newsletter 17 June 2011

MCX Gold and Silver Technical Report Click Here
GOLD LOSES FOOTING AS U.S. DOLLAR JUMPS.
OIL TRADES NEAR FOUR-MONTH LOW ON CONCERN EUROPE DEBT CRISIS IS WORSENING.
COPPER FALLS MOST IN A WEEK ON AS UNSTABLE ECONOMY SPURS DEMAND CONCERN.
DOMESTIC OIL AND OILSEED TRADE BEARISH.
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