MCX Commodity Weekly Report 25 July To 30 July 2011

MCX Gold Tips - Buy is advised only above 23400 with a stop at 22900 Below 22900 go for sell and put stop at 23300 Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 23400  with stop at 22900.
Support for the Gold is 22915-22680-22395-22360-22285-22020-. Immediate resistance for Gold is 23420

MCX Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 60739.0 with stop at 57025.0 The oscillator is showing SELL signal. Buy is advised only above 61000 with a stop at 58800 Below 5800 go for sell and put stop at 60400. Read More Commodities:- Click link

MCX Commodity Newsletter For Moday 25 July 2011

MCX Gold and Silver Market News
MCX Gold and Silver closed on a bearish note on Saturday.ob precious metals seemed marginal losses.
 Basemetals outlook
Also in base metals futures closed down notes. and Crude Oil futures ended on a bearish on MCX.
 Crude Oil outlook
On NYMEX crude Oil ended USD 100/barrel on Saturday.

MCX Commodity weekly Report 25 July To 30 July 2011

MCX-NCDEX Weekly Report 

Yesterday's Market Hot News

MCX Copper August contract opened at 432 on Friday and is up by 17% at early morning trade on news of strike at Escondida, the worlds largest copper mine. Gold remained steady in Asian trade Friday after European leaders agree on a deal to offer fresh aid to Greece.
Analysts said the precious yellow metal is likely to move towards a weak finish for the week as investors keep an eye on the progress made in U.S. debt talks.
Gold for August delivery declined $9.90, or 0.6%, to settle at $1,587 an ounce on the Comex division of the New York Mercantile Exchange, its lowest price in a littlemore than a week.

Gold and Silver Weekly Chart and Technical report