MCX Daily Commodity Newsletter Today 12 July 2011

MCX Bullion outlook
MCx Gold and Silver Trend is Bullish. The silver tips that BUy on dip and Maintain support and resistance properly with technical and fundamental news.
the gold which is trade higher. so overall bullion trend is bulish.
I expect Silver support for gold 21300 21000 Resistance 23000 2700.
Silver Support    52700  51700 and Resistance 56300 55300
MCX Basemetals Market Highlights
Base metals traded down losing steeply during the second half of trading on Multi Commodity Exchange Monday tracking the global downtrend in base metals market. LME base metals wer.
Crude Oil Tips and Trend
Crude Oil future down in sync with global market during the second half of trading on Multi Commodity Exchange (MCX) Monday losing more than 1.5 per cent.
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MCX Precious Metals Analysis | Call For Today Intraday

Gold, Silver prices continue to consolidate Click Here

MCX Calls Coming Soon Commodity Market Totaly Consolidate Wait Please 
Gold Outlook
Gold and silver continue to consolidate at these levels after their most recent sell off. Concerns that gold is a bubble remain high – especially amongst those uninformed about the fundamentals of the gold market.

Silver Outlook
Silver continues to get little or no media coverage despite the recent surge in price. This is an indication of the lack of animal spirits and irrational exuberance from mainstream participants in the silver market.

Silver remains a fringe investment and silver bullion is owned by a small fraction of investors in the U.S. and by an even smaller fraction of investors and savers in Ireland, the UK and EU.

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MCX Commodities Daily Newsletter for Today 10 June 2011

Yesterday's News Highlights

GOLD STEADY; PALLADIUM FIRMS ON AUTO RECOVERY.

OIL GAINS FOR THIRD DAY AS OPEC FAILS TO AGREE QUOTAS; U.S. SUPPLIES DROP.

COPPER SLIDES FOR SECOND DAY AS WORLDWIDE RATE INCREASES MAY CURB DEMAND.

MOST SPICES TRADE DOWN, CUMIN SEED RECOVERS.

Bullion Trading Report Technical Analysis Report For Today>>>Click Here

Gold prices firmed to session highs near $1,540 an ounce on Thursday after the European Central Bank signalled a euro zone rate hike is on the cards for July, as expected.
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MCX Basemetals Report 

MCX bullion market outlook | OPEC Metting Analysis For Crude oil

OPEC Meeting Analysis

MCX Index
At the MCX COMDEX is trading down by 18.77 points, or 0.54%, at 3,440.81 after opening at 3,456.74.
MCX bullion market outlook
Today's sharp decline in copper. Copper down on MCX is trading around 1 percent. While silver is going to decline.

Silver Decline by 500 to 54,700 per kg, while gold declined Rs 130 to 22,680 per 10 grams today.slowdown comes due to high level amid a weakening global trend.Trading sentiments turned bearish after gold shed 0.4 per cent to USD 1,538.50 an ounce in the overseas markets, as European debt concerns eased, eroding the appeal of the precious metal as a safe haven asset. The white metal also declined by 1.2 per cent to USD 36.70 an ounce.
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NEWS HIGHLIGHT on 5 march 2011

GOLD REBOUNDS AS LIBYA UNREST BOOSTS HAVEN DEMAND.

OIL JUMPS AS LIBYA CLASHES INTENSIFY; MIDEAST WORRY.

COPPER FLAT; OIL FEARS CAP GAINS.

DOMESTIC OIL SEED AND EDIBLE OIL OFFER DOWN.  

• Note:- 1.  MCX-support At Home page (right hand side) 
             2. NCDEX  Support & Resistance At NCDEx page
  
  
  Must see  MCX And NCDEX Support and Resistance for Next week