June 25, 2011

MCX Live Morning Newsletter of 25 June | MCX Live Tips For 25 and 27 Jun

Bullion metals steadied today after a fall of as much as 2 percent the day before, drawing support from investor wariness of Greece's ability to remain solvent, even after Athens struck a deal with international lenders on the terms of a bailout. MCX Gold futures settled sharply lower at Thursday, tracking a broad commodities sell off to break a seven-session winning streak as prices of crude oil fell more than 4% and the U.S. dollar strengthened. Gold MCX for August delivery fell $32.90, to $1,520.50 an ounce. MCX Gold August contract is currently trading at `22396, it fell by `325 in yesterday's trade. Silver for July delivery is trading marginally $35 an ounce, it was down by $1 yesterday. MCX Silver July is trading at `52470, it is down by `234 for the day. Gold was set for its biggest daily fall in over a month on Thursday after a surprisingly large rise in weekly U.S. jobless claims hit investor risk appetite, pummeling commodities and stocks and boosting the dollar.
Copper MCX (June)
R3 422/435
R2 409/413.5/415
R1 406.82
Pivot: 405.71
S1 401/340
S2 397.5/393/389
S3 386/374/369
Trend: Upward
Near Term: Consolidate

Nickel MCX (June)
Technical Levels
R3 1076/1099
R2 1021/1063/69
R1 1005-1012
Pivot 998
S1 986/968/958
S2 947/938/929
S3 917/910/882
Trend: Upward
Near Term: Negative Bias
Related Posts Plugin for WordPress, Blogger...
Get excellent Free Tips through SMS of 89.55% accuracy on MCX Gold Tips | Silver Tips for Today| Tips on Buying Silver| MCX Silver Tips for Today| Gold tips and Silver Tips| Copper Updates| MCX Online Tips| Gold Live Price for India | Precious metals |Commodity live Tips | Commodity Prices| MCX NCDEX Tips| Live MCX Tips

Google Translator


This commodity blog is solely intended to give commodity recommendation over commodities, MCX Live Tips, Bullion Tips, Gold Tips, Silver Tips and we are not responsible for any loss. All readers must accept responsibility on their own for using commodities tips.