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Friday, February 24, 2012

Commodity MCX Updates Today & Gold Silver Trend

MCX crude surged today and with more than 1.3% rise in domestic market, mcx crude oil has risen above 5350 level. International crude is also trading above $108 per barrel. Traders Can buy crude at lower levels.
Precious metals started the day with decline. With nearly half percent decline, MCX Gold is trading near 28700 while MCX silver is moving around 58400 level.
We can see some upside during evening trades therefore day traders can initiate their positions at lower level and wait for upside.
In Base metals, One can buy copper above above 411.50 for the targets of 414.50-416.
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