Gold gained on Monday as the euro strengthened and the precious metal remained supported by euro zone debt woes. Crude oil prices fell on Monday, extending last week's losses, as risk aversion increased after euro zone finance ministers postponed a final decision on emergency loans to Greece. Copper fell on Monday as investors lost their appetite for risk on concerns over metals demand and after European finance ministers postponed an emergency loan to help Greece avoid defaulting.
Copper falls on demand concerns
Nickel hits lowest since November last year
Nickel inventories in LME-monitored warehouses fel l by 516 tonnes
Lead inventories in LME-monitored warehouses fell by 125 tonnes
Gold gained on Monday as the euro strengthened
Crude oil prices fell on Monday, extending last week's losses
MCX SILVER (JULY)
R2: 56200
R1: 54800
S1: 53200
S2: 51700
Trend: Consolidate
Strategy: Buy on dips
MCX CRUDE OIL (JULY)
R2: 4360
R1: 4280
S1: 4140
S2: 4040
Trend: Consolidate
Strategy: Sell on high
Copper falls on demand concerns
Nickel hits lowest since November last year
Nickel inventories in LME-monitored warehouses fel l by 516 tonnes
Lead inventories in LME-monitored warehouses fell by 125 tonnes
Gold gained on Monday as the euro strengthened
Crude oil prices fell on Monday, extending last week's losses
MCX SILVER (JULY)
R2: 56200
R1: 54800
S1: 53200
S2: 51700
Trend: Consolidate
Strategy: Buy on dips
MCX CRUDE OIL (JULY)
R2: 4360
R1: 4280
S1: 4140
S2: 4040
Trend: Consolidate
Strategy: Sell on high