Thursday, December 08, 2011

MCX Commodity Updates

Tag
Gold MCX Trend
Spot gold prices declined slightly by around 0.1 percent today and touched an intra-day low of 1733/oz till 4.30 pm IST. However, sharp fall in the yellow metal was cushioned on account of a weaker dollar. Gold presently trade around 29365 & expect to trade between 29300 t0 29400 for this trading day.

Copper Updates
Prices have been moving sideways in 403-414 ranges with a positive bias and a breakout from the either side is now required for further directional moves. For the day, attempts to test 412/414 levels may be seen and break above the same may see a rise towards 416/418 levels. Intraday weakness seen only below 407.

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at 12/08/2011 06:39:00 PM

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