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Friday, January 13, 2012

Crude Oil Trend and Commodity Updates Today

Strengthening of rupee against dollar has a strong effect on commodity prices. In domestic markets, crude oil, gold, silver are trading with weakness. MCX crude oil at Rs 5138 with a decline of more than 2.5 per cent. While the NYMAX crude is seems to regain its upside trend. We can expect a bounce back in Crude prices after 5100 level but below 5080 level, more downside is expected.
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