Thursday, June 23, 2011

MCX Commodity Market Report and Tips for Today

Copper eased as the dollar strenghtened ahead of a  U.S. rate statement on Wednesday and markets focused on Greece, while signs of stronger demand growth from top consumer China helped underpin prices. Crude Oil bounced  from its earlier dip on Wednesday ahead of the release of the U.S. weekly oil data, which is expected to show a drop in crude inventories.

Copper eased as the dollar strenghtened  
Lead, zinc cancelled warrants jump in Asia  
Crude Oil rises further after U.S. Fed statement 
Gold hits new recent high above 1557$  

Yesterday MCX Commodity Market News
Precious metals were trading marginally lower on COMEX. 
Base metals were trading lower on International bourses. 
Crude oil was trading marginally higher on NYMEX.