June 28, 2011

MCX Intraday Tips for 28 June | MCX Live Rates Daily for 28 June

MCX market report for crude oil is that crude oil is seen to tumbled due to Greece debt concerns. The MCX Crude Oil is seen to traded at a crude price of 91 USD dollar price at NYMEX platform. The crude Oil report for Brent crude is it showed a hike of 87 cents and seen to be traded at USD 105.99 a barrel on the ICE Futures exchange.
MCX market for Gold is on downward bias for a third session on Monday, weighed down by economic optimism as investors bet debt-laden Greece would take action needed to avoid a default, pressuring safe-haven demand. Copper fell on Monday due to uncertainty about the Greek debt crisis and about monetary policy in the world's largest economy, the United States.  

MCX Crude oil (JULY)
•Trend: Consolidate
•Strategy: Sell on high
RESISTANCE:
• R2  - 4270
• R1  - 4180
SUPPORT
• S1  - 4050
• S2  - 3970
MCX LEAD (JUNE)
•Trend: Consolidate
•Strategy: Sell on high
RESISTANCE:
• R2  - 119.5
• R1  - 116.8
SUPPORT:
•S1  - 113.8
•S2   - 109.5
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