Commodity Daily Newsletter For Today 14 July 2011

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MCX Gold Tips
Yesterday Gold futures traded in positively from global market. On MCX gold Aug 218 to 22915 per 10 grams with 22700 lots. and in October Rs 222 to 23194 per 10 grams with with 22971 lots.
MCX Silver Tips
On MCX Silver Aug Future move more than 5% 2910 at 56835 with 53911 lots.silver December future change 2914 at 57935 so overall Silver trend bullish buy on dips.
MCX Crude Oil
On wednesday current month Crude oil future seen in upper movement it was high +60 at close at 4380 and crude oil aug future +60 at 4425 per BBl.

MCX Silver Again In Form on Wednesday

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Bullion Intraday Call For Evening Round Up
MCX Gold (August): Buy Above - 22100-22120, Target - 22250, stoploss - 22000

Silver MCX (July): Buy Above- 51260-51280, Target - 51550, stoploss - 51100
MCX Silver Outlook
Silver prices to boom. Silver on MCX is trading at Rs 51326 With 2 percent  upper side on COMEX silver remains above $ 34.
Crude Oil
Crude oil is trading at full strength. Crude oil is trading at Rs 4,219 on MCX. NYMEX the crude oil has risen close to $ 94.
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MCX Bullion Market highlights Today

Dollar weakness, Due to Middle East Asian countries due to reports of stress and debt crisis in Europe, gold - silver rapidly entered the record. 1.1 percent in gold has been strong, the silver 31 years have reached record levels.

1.1 percent on COMEX gold $ 15 with the strong dollar has reached 1439.90. A total 2.1 percent in February, gold has been strong. COMEX while the silver with 1 per cent to 37.89 dollars per ounce reached quickly 31 years has touched record levels. 22 percent during the last quarter of the total silver rapidly entered.

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