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Wednesday, January 4, 2012

MCX Commodity Updates for Today: Copper and Silver declined

After a positive trading session for a while, Gold prices witnessed corrective selling and subdued the positive trend. Silver On MCX is trading lower with a loss of nearly 1%. Below 52500, a short selling is suggested in Silver MCX. Copper has also declined and trading around its support level of 409. a trade below this level may invite more downside in copper commodity. As far as prices prevails the 409.50 level, copper may regain the bullish momentum again.

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