Tuesday, August 9, 2011

MCX Commodity (BULLIONS, METALS, CRUDE) Updates Today

Bullions may trade with strong bias. MCX Gold can test Rs. 26,000 while MCX silver again test Rs. 61,500 in near term. Base metals may also plunge lower tracking weak opening in international markets. Copper may further dip lower towards 380 in MCX. Lead and zinc can test 90 in MCX in near term. Crude oil may remain on weaker note tracking negative opening in international markets and it can test 3,600 in MCX soon.

Precious metals are trading higher on COMEX today. 
Base metals are trading lower on International bourses today.
Crude oil is trading lower on NYMEX today.

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