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Tuesday, June 28, 2011

MCX Gold and Silver Prediction For Today

MCX Gold and Silver Technical Report and Watch Video Click Here 
MCX Bullion Trading Intraday Tips

MCX Silver (July) Sell - 50900, stoploss - 51500 and Target - 50100
MCX Gold (August) Sell - 22110, stoploss - 22200 and Target - 22000 


Crude Oil Market Outlook Of Traders
Crude oil prices have seen a significant decline in last 10-15 days but the outlook is still bearish. Because of the Greece bailout you may see some upside but we look to sell oil on rise. So, Rs 4,120-4,130 per barrel one should look to sell with a stop loss of Rs 4,160 per barrel and expect prices to drift again lower and test Rs 4,050 per barrel.
New York's main contract, West Texas Intermediate (WTI) for delivery in August, was down five cents to USD 90.56 a barrel in the afternoon, and Brent North Sea crude also for August dipped 31 cents to USD 105.68.
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MCX Commodity Daily Newsletter Today 28 June 2011

Gold and Silver Technical Analysis Report 
GOLD NEAR $1,500/OZ AS EURO ZONE CRISIS SIMMERS.
CRUDE OIL DECLINES IN NEW YORK ON OUTLOOK FOR SLOWING DEMAND.
COPPER FALLS ON GREEK DEBT WOES, CHINA INFLATION CONCERN.
DOMESTIC OIL AND OILSEED TRADE LOW ON WEAK DEMAND.
Bullion:
Gold August 11 contract was down by 0.27% to Rs 22,139 per 10 grams, GoldM August 11 contract was down by 0.28% to Rs 22,147 per 10 grams, Gold guinea August 11 contract was down by 0.40% to Rs 17,935 per 8 grams and Gold Petal June 11 contract was down by 0.45% to Rs 2,209 per gram. Silver July 11 contract was down by 1.41% to Rs 51109.00 per kg, SilverM August 11 contract was down by 1.46% to Rs 52,070 per kg and SilverMIC August 11 contract was down by 1.46% to Rs 52,108 per kg.
Base Metals:Zinc August 11 contract was up by 0.44% to Rs 102.90 per kg, zinc mini August 11 contract was up 0.34% to Rs 102.85 per kg, nickel August 11 contract was up by 0.03% to Rs 1,013.40 per kg while lead June 11 contract was down by 0.52% to Rs 114.65 per kg, lead mini June 11 contract was down by 0.56% to Rs 114.65 per kg, aluminium June 11 contract was down by 0.27% to Rs 111.40 per kg, alumini June 11 contract was down by 0.22% to Rs 111.40 per kg and copper June 11 contract was down by 0.75% to Rs 404.10 per kg.
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