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Monday, August 1, 2011

MCX Commodity Market News and Tips For Today


In Bullions MCX Gold and Silver are trading flat for the day. They can move upward in coming trading sessions as our research analyst said. MCX Gold October contract can move down towards 23,350 and silver Sep contract can test 57,000 in near term. In Base Metals, all base metals are trading positive for the day. Crude oil may open on positive note tracking firm opening in international markets. MCX Crude oil may bounce back to 4350 in domestic bourses.


Commodity Tips For Today-

Crude Oil
Crude Oil: Buy above 4295,
Target: 4320- 4335, Stoploss: 4270.

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