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Tuesday, July 12, 2011

MCX Precious Metals Prediction and Commodtiy Market Call For Today

MCX Gold futures rose on today trend is strong there is note that not buying at higher levels it may be come down side. i expect upper movement in Gold today open at 23030 and make 23172 high that .16 % change.
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NOTE:- India, the world's biggest buyer of bullion, is in the middle of the sowing season, when farmers, the traditional buyers of the yellow metal, divert their savings to agricultural equipments and fertilizers.

Silver trend is bearish for short term.Now Silver is in strong upper trend and the trend is supported with good volume.Silver is in HOLD LONG position.

Crude oil futures traded slightly up on short covering during the opening hours of trading on Multi Commodity Exchange (MCX) Tuesday though Nymex prices continue to move bearish.
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