MCX Commodity Daily Newsletter For Today 28 July 2011

GOLD HITS RECORD AS U.S. DEBT FEARS DEEPEN.
OIL FALLS IN NEW YORK AFTER INDUSTRY REPORT SHOWS U.S. STOCKPILE INCREASE.
COPPER DECLINES AS DURABLE-GOODS REPORT SHOW WEAKER GROWTH IN ORDERS.
DOMESTIC OIL AND OILSEED TRADE LOW.
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MCX Commodities newsletter | MCX Strategy for Today

Copper falls, investors worry over Chinese demand.
High oil prices will cut growth - IMF says.
Aluminium stocks fell 2,275 tonnes.
Copper in LME warehouses rose 1,000 tonnes.
Crude oil falls sharply almost 4% trading near 106$.
Gold slide below 1450$.
Gold slid by more than 1 percent on Tuesday, echoing a sharp decline in the oil price and ignoring the decline in the dollar to succumb to profit-taking after having hit record highs on Monday. Copper fell on Tuesday as investors fretted about softness in demand from top metals consumer China, while the deepening nuclear crisis in Japan and recent strength in oil prices also knocked the demand outlook.


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Commodity trading tips for today | MCX Commodity Buy or Sell

MCX Today's evening call  Advice
MCX Gold (April )Sell - 20680, Stoploss - 20730 Target - 20580
MCX Crude oil (April ) Sell - 4695, Stoploss - 4720 Target - 4620

Today Nickel is on the top commodity. Nickel is the sharp decline. While around 1.5 per cent decline in copper is trading. With the sharp decline in guar gum.

Silver has been a sharp decline in futures. May silver futures on MCX with the decline of nearly 1 per cent has come down to Rs 55,000. Almost half per cent drop in gold is trading . The effect of the decline in foreign markets on domestic business is being seen.

Today our focus is on copper. MCX copper at about 1.5 per cent decline doing business . The impact of overseas market crash has on domestic business. Copper on the London Metal Exchange and Comex nearly 2 percent decline intrading.

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