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Friday, September 23, 2011

MCX Commodity Live Updates and Tips For Today | Gold silver price

Industrial silver commodity being traded is below 5 per cent . Spot and forward market price of silver is closer to 58,000 rupees per kg. seeing selling pressure in gold also.
All today's sharp decline in industrial commodity. MCX copper at about 7 per cent, 9 per cent nickel, lead and zinc have been about 5 per cent dive.
America, Europe and China and globally projected demand decreases in the international market price of all base metals have arrived at the 1-year lows. Copper on the London Metal Exchange touched a low of $ 7100. Copper on the London Metal exchange is the lowest level of 1 year. NYMEX the crude oil has slipped below 80 dollars.

MCX Commodity Support and Resistance For Today 23 Sept 2011

MCX Gold Technical Levels
R2 28600
R1 28250
S1 27600
S2 27250
MCX Silver Technical Levels
R2 65800
R1 63200
S1 60600
S2 58400
Trend - Consolidation
Strategy- Buy on Dips

MCX Commodity Tips- Gold, Silver and Copper Tips For Today

On Thursday World Commodities decline due to weak data from china crystallized investor fear of a global recession one day after a grim economic outlook from the U.S. Federal Reserve.

Seeing that report the safe -heaven trading in Gold. MCX gold has consolidate trend it may recover today of Thursday's pressure.

Technical levels and fundamental new seeming positive for gold trading but in silver has higher risk in trading can't be predictable.

Today Trade in MCX gold and Copper Not make any Buy position in Silver. I expect the gold most probably recover their levels.

MCX Commodity Daily Newsletter For Today 23 Sept 2011

GOLD FALLS AS DOLLAR GAINS AFTER FED DECISION.
OIL DROPS TO FOUR-WEEK LOW ON FED OUTLOOK.
COPPER FALLS TO ONE-YEAR LOW IN NEW YORK AS CHINA MANUFACTURING SLOW.
INDIAN SPICES COMPLEX TRADE LOW ON PROFIT BOOKING.
MCX Gold and Silver Technical Report 


 
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