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Monday, February 13, 2012

Crude Updates and MCX Gold Silver Tips

A lacklustre trade has been seen in Crude oil prices. With a decline of more than 0.40%, crude futures is trading near 4910 level and a trade below 4900 can deepen this downside. While on NYMAX , crude is trading with the gain of nearly 1%. Precious metals are also in decline mode. Silver futures, below the level of Rs. 56450, can slip down to 56000 and even below for today.
Gold futures is trading above 28100 and has declined over 0.40% . It is looking bullish above 28150 only while inability to sustain above 28100 would invite more downside in this bullion metal.

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