Wednesday 6 June 2012

Commodity outlook : MCX Gold and crude oil Trend

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Commodity outlook :- A sharp decline in commodity prices is likely to be a major plus for the beleaguered Western economies, which spend heavily on importing oil and other raw materials. 

MCX Gold Trend Today :- : Gold firmed on Wednesday, rising in tandem with the euro and risky assets ahead of a European Central Bank policy meeting as investors watch for more action from policymakers to contain the euro zone debt crisis. 

 MCX Crude Oil Update Today :- Oil was higher in Asian trade Wednesday after G7 European leaders vowed to respond "speedily" to the continent's debt crisis. 

Copper Tips :- copper between Rs 410-412 with a stop loss of Rs 415 for target price of Rs 403-400. 

Silver Tips :- Silver July MCX contract today with a stop loss of Rs 54,100. He advises a buy looking out for a target of Rs 54,790 and beyond that Rs 55,100. 

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