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Saturday, October 8, 2011

MCX Bullion Weekly Technical Report 10th Oct To 15th Oct 2011

Gold STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1655 $ an ounce, then above 1670 $ it can test the level of 1695$/1715 $ an ounce. And in MCX Gold above 26700 it can test the level of 26900/27100/27400. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1530$ and 1470$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1880$
Major support in MCX Gold is 24900 and 24500
Major resistance in MCX Gold is 28300 and 28800


Silver STRATEGY

Technically COMEX Silver is weak on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3150$ an ounce, then above 3180$ COMEX Silver can test the level of 3240/3290$ an ounce. And in MCX Silver sustains above 53200 then it can test the level of 54200/55500/56800, Trade by keeping the proper stop losses.
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MCX Commodity Newsletter and Market Highlights

GOLD EASES AFTER ECB COMMENTS, TRADE VOLATILE.
CRUDE OIL FUTURES ADVANCE MOST IN SEVEN MONTHS ON U.S. EMPLOYMENT GROWTH.
COPPER TRADERS THE MOST BULLISH SINCE AUGUST AFTER BIGGEST ROUT SINCE ’08.
DOMESTIC OIL AND OILSEED TRADE LOW.
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MCX Gold Silver Global Market News and Report Analysis

MCX gold seeming strong because lack of alternative havens for investors to operate in global economy crisis. currently showing weakness in gold as short term and also the slump in commodity prices should come to an end soon,
The gold price has risen by nearly 17 percent so far this year, having hit a record $1,920.20 an ounce in early September before correcting sharply downwards. It was around $1,655 an ounce on Friday.


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Gold Live Updates and Tips For Today | Gold Silver Market News

MCX gold seeming strong because lack of alternative havens for investors to operate in global economy crisis. currently showing weakness in gold as short term and also the slump in commodity prices should come to an end soon,
The gold price has risen by nearly 17 percent so far this year, having hit a record $1,920.20 an ounce in early September before correcting sharply downwards. It was around $1,655 an ounce on Friday.
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MCX Commodity Technical report 10th Oct to 16th Oct 2011

MCX Commodity Technical report 10th Oct to 16 Oct 2011 :- Registered yourself in Free
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