MCX Commodity Support and Resistance on 15 march 2011| Yesterday's MCX Commodity Market Tips | Effect of Japan earthquake on Basemetals and Crude

Gold prices rose in Europe on Monday, recovering some of last week's one percent

losses, as the impact of an earthquake in Japan added to upward pressure on the

metal, driving it back towards recent record highs. Crude oil prices slipped on Monday in

volatile trading, pressured by expectations of slower Japanese demand after a

devastating earthquake, while ongoing unrest in the Middle East helped limit oil losses.

Copper slipped on Monday as the unfolding disaster in Japan and tensions in the

Middle East undermined investor sentiment and prompted a flurry of selling.

1. Gold prices rose in Europe on Monday
2. Crude oil prices slipped on Monday
3. Copper slipped on Monday
4. Silver consolidate near high 

• GOLD RISES AS JAPANESE QUAKE FUELS RISK AVERSION.
• OIL PRESSURED BY JAPAN QUAKE, OFF TWO WK LOWS.
• COPPER SLIPS, JAPAN UNDERMINES INVESTOR SENTIMENT.
• MOST SPICES TRADE BEARSIH, JEERA HIT 2PC LOWER LIMIT.    
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