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Wednesday, September 14, 2011

Commodity Hot News -Commodities price volatility | tips for Bullion

It's not the rising cost of commodities but rather the volatility of prices that is giving auto makers a headache, global auto executives and analysts say.

"You can't decide on a price increase if the prices are constantly moving," Hubertus Bardt, an expert on the impact of commodities prices on industry at the Cologne Institute of Economic Research, told Reuters on Wednesday.

Learning:- How to Predict Support and Resistance of Commodities

MCX Crude Oil Trading Tips and Live Updates For Today 14 Sept 2011

MCX Crude Oil
On MCX Crude have declined around 1 percent that reached at the level of Rs. 4262. On NYMEX the crude oil is closed fall 1.5 percent at $89
According to the United States and in Europe the possibility of deteriorating economic conditions and the crude oil demand is expected to be reduced. U.S. Energy Department report will look at the market.

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Bullion Metals technical Levels and Tips For Today

MCX Gold levels
R1 28750
R2 28400
S1 27980
S2 27600

MCX Silver levels

R1 67800
R2 66700
S1 64100
S2 62800

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MCX Bullion Daily Newsletter For Today and Tips 14 Sept 2011

Yesterday MCX Bullion metals both traded for profit gaining. MCX Silver closed around Rs. 65600 with increasing Rs. 1800 and Gold     closed up with 500 at 28290. MCX Silver trend still consolidate. Silver has good amount of open interest.
The Silver is in long- medium- short-medium- short- term bull phase .Currently Silver is moving sideways The oscillator is showing BUY signal.
Buy is advised above 65600 . with a stop at 65000 Below 64000 go for sell.
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