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Wednesday, November 2, 2011

Gold Silver Tips and MCX Commodity Market Analysis Report For Today

Both Precious metals trading upper side today. Gold up nearly .5% trading at Rs. 27680 and silver is trading at Rs. 55800 with 1% up today on MCX. On NYMEX Gold up around 1.5 % and silver gain around 3%.
Today Crude oil seeing surge trading at Rs. 4548. NCDEX Agri Commodities  seeing buy trend today.
Buy Advice for Today. 
Buy Silver (Nov future) near at Rs. 56100. I expect it will touch 56350 Today.
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MCX Gold Silver Technical Levels and Strategy For Today

MCX Gold Technical Levels First Resistance Seeming near About 27900 above this next should be close of 28200.MCX Gold Support for Today 27150 below this close to 26750.
MCX Silver First Resistance I expect near 57950 above this level it touched at 59500. and Support first 53650 below this near about 52250.
Strategy:- Buy on Lower Levels
Trend:- Consolidate Upper For Long-Term
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MCX Commodity Daily Newsletter For Today 2 Nov 2011

GOLD EASES AS GREEK VOTE, MF GLOBAL RATTLE MARKETS.
CRUDE DECLINES BELOW $90 ON CHINA MANUFACTURING SLOWDOWN, EUROPEAN DEBT.
COPPER DOWN ON GREEK REFERENDUM, CHINA DATA.
DOMESTIC OIL AND OILSEED TRADE BEARISH.
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