Saturday, July 9, 2011

MCX Commodity Market Strategies for Monday 11 July 2011

GOLD SETS BIGGEST WEEKLY GAIN IN 19 MONTHS ON SOFT JOBS.
U.S. CRUDE ENDS 2.5 PCT LOWER ON WEAK JOBS DATA.
COPPER RALLY STALLS AFTER GLOOMY U.S. JOBS DATA.
domestic oil and oilseed trade marginally low.


MCX SILVER (SEP)
TREND: Consolidate
RESISTANCE 2: 56900
RESISTANCE 1: 55900
SUPPORT 1: 53200
SUPPORT 2: 52200
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
RESISTANCE 2: 445
RESISTANCE 1: 439
SUPPORT 1: 427
SUPPORT 2: 422
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4430
RESISTANCE 1: 4350
SUPPORT 1: 4220
SUPPORT 2: 4150
STRATEGY: Buy on dips

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