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Wednesday, September 7, 2011

Basemetals and Crude Oil Positive news | Analysis Data | Tips Today

Base metals and crude oil prices are expected to trade higher mainly on the back of dollar weakness coupled with positive sentiments in the global markets.
Expected fall in US crude oil inventories will further support oil prices.

MCX Gold and Silver Technical Report and Tips for today 7th Sep 2011

Today seen sharp deccline in gold prices on MCX. Gold trading under Rs. 27500. Due to decline of international market impact on domestic market. On COMEX Gold touched downing level of $1830. Yesterday and today seeming around 5% deline in Gold on MCX.
Yesterday U.S. President Barack Obama yesterday to revive the U.S. economy may have some announcements. In fact, the scheme is set to the U.S. economy nearly $ 300 billion.

MCX Gold, Silver, Crude Oil and Coper Technical Report and Tips For Today 7th Sep 2011

MCX  Gold Tips :- MCX Gold yesterday's Closed at around 27950 with down of  more than 500. Due to negative global date gold seemed in pressure after making records. mcx gold has perfect upper trend and good amount of volume. Investors Say's that came in consolidation phase.
On MCX Gold technical and fundamental report indicate it will trade up.

Commodity Silver Tips:-
MCX Silver Yesterday's closed declining more than 1750 Rs. 64650. MCX Silver seeming down today. Technical charts analysis report and fundamental news indicate it would trade down from this levels.

 MCX Crude Oil :- Crude oil prices yesterday's closed in green + 90 closed around at 3940. Crude oil seeming to trade upper side today Buy above 3920 this levels.

MCX Copper Tips:-     MCX Copper closed at Rs. 415  Report and rumors indicate copper will trade upper side. Copper trading advoce for today BUY above 415 it would go at 420 today.

MCX Commodity Daily Newslettter For Today 7 Sep 2011

GOLD FALLS FROM RECORD AFTER SWISS PEG FRANC.
CRUDE OIL EXTENDS DROP ON SIGNS OF SLOWING U.S. ECONOMY, RISING STOCKPILES.
COPPER IN LONDON DROPS FOR A FOURTH DAY ON CONCERN GLOBAL GROWTH TO SLOW.
DOMESTIC OIL AND OILSEED TRADE BEARISH.







 
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