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Friday, August 5, 2011

MCX Gold and Silver Prediction For Today 5 Aug 2011

Currently Silver is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . selling seem with volume so risk takers can go for shorting at current rate with stop at 59000.

MCX Gold
MCX Gold Sell  24200 Stoploss 2400 23900
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MCX Crude Oil Technical Report and Live Price For Today 5 Aug 2011

Crude oil touched the $ 84 level seems to recover. NYMEX crude oil prices have risen above 86 dollars a barrel.On MCX, crude oil is trading close to Rs 3860,.Pressure on crude oil has 4 consecutive days.

Expected slowdown in U.S. demand for crude oil have been feared to drop. Stores in the U.S. escalated the pressure on crude prices. Experts say that crude oil may continue to pressure the economic situation. So, crude oil prices may fall to $ 80 a barrel.
MCX Crude Oil and Silver Technical Report and Daily Free Call

MCX Gold and Silver Technical Report For Today 5 Aug 2011

Technical Chart and Report and Analyst Say's
MCX Silver Metals Yesterday decline unexpected 3100 Closed At 58000 So Please Don't Try to trade with out Advice Now It may be more decline Today.
MCX Gold Closed At 23850 +24 it has still upper trend BUY gold above 23900 and make stoploss properly.

MCX Commodity Newsletter For Today 5 Aug 2011

GOLD STEADY, CURRENCY INTERVENTION SUPPORTS.
OIL DECLINES, WIPING OUT 2011 GAINS AS U.S. ECONOMY STALL CRIMPS DEMAND.
COPPER NEAR 1-MONTH LOW ON DEMAND WORRY, DOLLAR.
DOMESTIC OIL AND OILSEED TRADE STEADY.
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