Saturday, September 03, 2011

MCX Silver Trend for Next week

MCX Silver
FUNDAMENTALS
On the New York Mercantile Exchange, Crude for October delivery settled at $86.45 a barrel, falling $2.48, or 2.79 percent, after trading from $85.42 to $88.99. For the week, front-month Crude raised $1.08, or 1.27 percent, from the $85.37 close on Aug. 26 and extended gains to a second straight week.

UPCOMING DATA/EVENTS
New York energy, metal and commodity markets will be closed on Monday in observance of the U.S. Labor Day holiday. On Monday, CME Globex trading halts at 1:15 p.m. EDT (1715 GMT), with
order entry, modification and cancellation allowed, and will restart at 6 p.m. EDT, continuing through the regular close on Tuesday Sept. 6.

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