Tuesday, July 5, 2011

MCX Commodity Market Trading Strategies for Today

Crude Oil prices were steady on Monday on firmer global share prices, but trade was muted by the United States Independence Day holiday despite  negotiations between the Libyan government and rebels and Greek debt concerns. Gold prices rose 0.5 percent in Europe on Monday as investors took advantage of the metal's dip to six-week lows last week to buy into the market, on expectations that the euro  will extend gains versus the dollar. Copper steadied on Monday as a stronger dollar counterbalanced an improvement in market sentiment. 
  • GOLD REBOUNDS; SEEN TO FACE HEADWINDS IN SHORT-TERM.
  • CRUDE OIL STEADIES ON ASIA EQUITY, GREEK DEBT CONCERNS WEIGH.
  • COPPER UP ON U.S. MANUFACTURING DATA, RISK APPETITE IN CHINA.
  • DOMESTIC OIL SEED AND EDIBLE OIL MOVE TRADE LOWER.
Crude oil steadies as US holiday curtails trade 
World stock hits 4-1/2 high 
The euro slipped from one month high against the dollar. 
Gold up 0.5 pct as weak dollar  
SPDR gold ETF reports 78,000/oz outflow  
Copper steady as sentiment improves 
Copper stocks fall to lowest in more than 2 months
Aluminium inventories fall to lowest 

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