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Tuesday, June 21, 2011

MCX Gold and Silver technical and Fundamental View For Today Intraday

Intraday Call For Today only
Buy Silver above 54300 stoplos 54000 Target 54550 54750
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Comex Gold (August) 
Fundamental View: 
Gold edged up and held near its highest in two weeks on a softer US dollar against the euro and growing fears that Greece could end up defaulting on its debt.
Technical View:
Indicators continue to show neutral tendencies with RSI in the neutral zone and MACD above the zero line indicating bullishness.
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MCX Commodity Daily Newsletter Today For 21 June 2011

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MCX Commodity Market Yesterday's Highlights  
  • GOLD GIVES UP GAINS, EURO ZONE CRISIS LINGERS.
  • OIL PRICES FALL AS GREEK CRISIS WEIGHS.
  • COPPER DOWN ON POSTPONED GREEK LOAN, EQUITY.
  • CARDAMOM, CORIANDER FUTURES MOVE UP, REST SPICES TRADE BEARISH.
Copper falls on demand concerns.
Euro zone ministers press Greece on bailout.
Nickel hits lowest since November last year.
Nickel inventories in LME-monitored warehouses fell by 516 tonnes.
Lead inventories in LME-monitored warehouses fell by 125 tonnes.
Gold gained on Monday as the euro strengthened.
Oil prices fell on Monday, extending last week's losses.
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Monday, June 20, 2011

MCX Silver Call and Technical Report Intraday

Buy Silver Above 54000 Stoploss 53800 Target 54350 54450 54550

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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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Saturday, June 18, 2011

Friday, June 17, 2011

MCX Silver Buy Or Sell

Silver Sell Below Rs 53000, target of Rs 52,000, stoploss Rs 53640


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MCX Bullion Market Outlook 
Silver Outlook
Today's sharp decline in silver. MCX increased selling pressure in the silver price has come down to Rs 53,000. The decline in foreign markets has had an impact on domestic businesses. The dollar rally COMEX the silver price has come down to $ 35.oo.
Gold Outlook
India's gold futures eased on Friday afternoon on a drop in the overseas market, but a weak rupee limited the downside, though spot demand was weak, and dealers said. 
Crude Oil Chart Analysis Click Here
Sharp decline in crude oil. On MCX, crude oil is trading down nearly two per cent. While nearly half the per cent decline in copper.

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MCX Daily Commodities Newsletter 17 June 2011

MCX Gold and Silver Technical Report Click Here
GOLD LOSES FOOTING AS U.S. DOLLAR JUMPS.
OIL TRADES NEAR FOUR-MONTH LOW ON CONCERN EUROPE DEBT CRISIS IS WORSENING.
COPPER FALLS MOST IN A WEEK ON AS UNSTABLE ECONOMY SPURS DEMAND CONCERN.
DOMESTIC OIL AND OILSEED TRADE BEARISH.
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