September 05, 2011

MCX Online Rates for Today 05 Sept

  • GOLD RETREATS FROM UPWARD RALLY ON PROFIT BOOKING.
  • CRUDE OIL FALLS ON WEAK JOB DATA HINTING RECESSION.
  • COPPER DROPS ON STAGNANT EMPLOYMENT DATA.
  • DOMESTIC OIL AND OILSEED TRADE LOW

MCX CRUDE (SEP)
Crude Trend is consolidate and suggested to sell on higher levels.
MCX Crude Support at S1 - 416   S2 - 411
and Resistance at R1 - 426  R2 - 431.

MCX Gold (Oct)
Gold Trend is consolidate and suggested to buy on dips.
MCX Gold Support at S1 - 27400    S2 - 27050
and Resistance at R1 - 28500  R2 - 28200
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