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Tuesday, July 5, 2011

MCX Gold and Silver Prediction For Today

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MCX Commodity Intraday Call
Copper (August) buy: -418,  stoploss -411 , Target -427

Gold Market outlook
On MCX Gold Aug Future Trade Up by .15% At 21775 per 10 Grams Afternoon Today Due To weaker rupee. the rupee off touched in previous session, weighed by as softer euro.
Silver Market outlook
Silver fell further by 50 to 51300 per kg and delivery decline by 20 to 51300 per kg.
Commodity Hot News 
* The rupee weakened, easing off a two-month high touched in the previous session, weighed by a softer euro, weak local shares as well as Asian currencies.

* Farmers, the traditional buyers, usually divert their savings on farm equipment and pesticides for summer-sown crops from gold and silver in monsoon period.
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MCX Commodities Support and resistance For Today 5 July 2011

GOLD REBOUNDS; SEEN TO FACE HEADWINDS IN SHORT-TERM.
OIL STEADIES ON ASIA EQUITY, GREEK DEBT CONCERNS WEIGH.
COPPER UP ON U.S. MANUFACTURING DATA, RISK APPETITE IN CHINA.
DOMESTIC OIL SEED AND EDIBLE OIL MOVE TRADE LOWER.
How To Analysis Chart and Fundamental Report
Oil prices were steady on Monday on firmer global share prices, but trade was muted by the United States Independence Day holiday despite negotiations between the Libyan government and rebels and Greek debt concerns. Gold prices rose 0.5 percent in Europe on Monday as investors took advantage of the metal's dip to six-week lows last week to buy into the market, on expectations that the euro will extend gains versus the dollar. Copper steadied on Monday as a stronger dollar counterbalanced an improvement in market sentiment. 
MCX-NCDEX MONSOON Commodities tips
 
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