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Friday, March 18, 2011

MCX support and resistance for today 18 march 2011 | Copper market news | Crude oil tips

Copper hit its highest in over a week on Thursday as buyers moved back into the metal after Japan's nuclear crisis drove it to three-month lows this week, with positive U.S. data giving an additional lift to prices. Gold rose on Thursday, sustained by an increase in exchange traded product (ETP) holdings, stronger physical demand and a weaker dollar. Oil prices rallied by more than 3 percent on Thursday as unrest in the Middle  East and North Africa added more worries about supply disruptions. Copper rebounds to week-high. LME copper stocks rise.
Japan still struggling to contain nuclear crisis .
Gold supported by inflation worries .
U.S. industrial output slips .
Oil rises over 3 pct on Middle East unrest .

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