Friday, February 10, 2012

Intraday MCX Commodity Market Tips for Today 10 Feb 2012

Precious metals (Gold and Silver) are trading flat on MCX commodity market today. We expect prices to remain under pressure on account of increasing worries over the Greece bailout package and a stronger dollar. Industrial metals are trading lower on International bourses today. We expect prices to trade lower for the day. All base metals are trading on a positive note today. Support for February copper is seen at Rs. 426 while Resistance is seen at Rs. 440. Crude oil is trading lower on NYMEX today. We expect prices to trade lower for the day.

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