Social Icons

Thursday, September 22, 2011

Commodity News Analysis Report and Bullion Tips For Today

Recession fears of falling demand due to the movements of crude oil broke down and decline in base metals London Metal Exchange copper is lower levels of 10 months. Factory output in China declined in the third month. Copper dropped after copper mine strike in Indonesia.

Gold and silver prices declined sharply. COMEX to $ 1,765 on the gold and silver are trading around $ 38. However, because of weakness in rupee against the dollar in the domestic market is a decline in gold and silver.

Bullion technical updates and Precious metals Prediction Today

MCX Gold Technical Levels
R2 28770
R1 28420
S1 27870
S2 27520
MCX Silver Technical Levels
R2 67850
R1 66000
S1 64450
S2 62150

MCX Commodity Technical levels and Market overview For Today

GOLD EDGES UP IN COUNTDOWN TO FED POLICY DECISION.
OIL SLIDES IN NEW YORK ON SPECULATION DEMAND TO FALTER; BRENT ERASES DROP.
COPPER HITS 2011 TROUGH ON SLOWDOWN WOES.
INDIAN SPICES COMPLEX TRADE UP.

 
Customers 4.9out of 5.0 based on 33045 user ratings