July 05, 2011

MCX Tips for 05 July | Free MCX Tips for Today 05 July

Crude oil prices steadies due to US holiday curtails trade. The World commodity market hits 4-1/2 high. The euro slipped from one month high against the dollar. The Gold prices was up 0.5 pct as weak dollar. SPDR gold ETF reports 78,000/oz outflow. Copper MCX remained to be steady at the market and the  sentiment improving for copper MCX. The copper MCX seen to fall to its lowest in more than 2 months. The MCX report for aluminium is of fall at the market.

The bullion report for Gold MCX and Silver MCX is that the precious metals market rose in Europe today and support for Euro is seen in compare to dollar because investors took advantages to metal,s dip of the market. The crude Oil report for NYMEX crude is that crude oil rose 4.2%  which is the last week marking its first gain in five weeks. Crude oil speculators trimmed net long position for the ninth consecutive week. Brent Crude Aug contract ended at premium  of $16.83/bbl over NYMEX WTI crude on Friday 
from $13.96/bbl a week earlier. 
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