Tuesday, June 28, 2011

MCX Commodity Market Technical Report for today

GOLD NEAR $1,500/OZ AS EURO ZONE CRISIS SIMMERS. 
COPPER FALLS ON GREEK DEBT WOES, CHINA INFLATION CONCERN.
DOMESTIC OIL AND OILSEED TRADE LOW ON WEAK DEMAND.
CRUDE OIL DECLINES IN NEW YORK ON OUTLOOK FOR SLOWING DEMAND.

MCX SILVER (JUL)
TREND: Consolidate
RESISTANCE 2: 52250
RESISTANCE 1: 51250
SUPPORT 1: 49700
SUPPORT 2: 48700
STRATEGY: Buy on dips

MCX COPPER (JUN)
TREND: Consolidate
RESISTANCE 2: 413.55
RESISTANCE 1: 408.55
SUPPORT 1: 398.55
SUPPORT 2: 393
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4245
RESISTANCE 1: 4165
SUPPORT 1: 4025
SUPPORT 2: 3955
STRATEGY: Buy on dips

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