Saturday, November 5, 2011
MCX Tips: Bullion & Base Metals
11/05/2011 10:42:00 AM
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MCX Tips|MCX Commodity Levels|Commodity Market Updates Today 5 November: Gold Silver Crude Copper :- MCX Commodity market is expecting zoom on metal contracts. MCX grows approx 50% every year and is expected to grow again in the coming next year. Although India is supposed to be the biggest consumer and producer of agri commodities we expect boom in metals like Silver and Gold.
MCX Bullion Tips: Gold Silver-
MCX Gold declined today in the duration of four days for the first time due to selling presure in metals. The gold fell USD 8.25, or 0.5% to USD 1,755.57 an ounce. Silver also fell 0.8% to 34.28 dollar an ounce. Silver is expected to trade rangebound today on the back of cues fall in Gold prices and rise in base metals.
MCX Base Metals Crude Oil Tips & Updates-
Base metals to trade on a positive note today from the positive cues coming from Euro zone debt concerns. Crude has been going up on the international market on a day to day basis. On the international market we are expecting a new high at USD 95-96 per barrel.
MCX Tips: Base Metals, Crude Oil
MCX COPPER: Buy Copper with Target1- 398 Target2-402 Stop Loss- 390
CRUDE OIL: Buy Crude Oil Target1- 4650 Target2-4670 Stop Loss- 4,575
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