MCX Commodity Support and Resistance for Today 13 July 2011

Seen weakness in precious metals in evening on MCX Tuesday. Trend of precious Metals is bearish in evening time.I expect Gold trend is bulish and silver is in consolidation i can say that precious metals the trend is consolidate.

On MCX The basemetals seen very low movement on tuesday. we can that was short covering at lower level aided the price to recover.

Energy - Crude Oil seen in green signal with marginal gain during the second half of trading on MCX though bears continued to pressurise.

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