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Thursday, June 23, 2011

MCX Commodity Newsletter for Today 23 June 2011

How To Analysis Chart and Pick Hot MANSOON Commodity of The Day 
GOLD STEADY AHEAD OF FED, NEAR 2-WEEK TOP.
OIL RETREATS ON CAUTION AHEAD OF FED MEETING.
COPPER DOWN AS MARKET EYES GREEK DEBT, FED MEET.
DOMESTIC SPICES COMPLEX TRADE UP.

Copper eased as the dollar strenghtened ahead of a U.S. rate statement on Wednesday and markets focused on Greece, while signs of stronger demand growth from top consumer China helped underpin prices. Oil bounced from its earlier dip on Wednesday ahead of the release of the U.S. weekly oil data, which is expected to show a drop in crude inventories.
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