Wednesday, August 1, 2012

Commodity Market Upates: 1st August 2012

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Gold prices may witness profit booking to the tune of 30030 - 30000, one can buy mcx gold commodity on dips with a stop loss below 29900.
GOLD LEVELS
R:-30225/30449
S:-30100/29910

Silver prices witnessed profit booking from higher levels, one can buy silver commodity on dips around 53500 -53300.
SILVER LEVELS
R:- 54100/54700
S:-53700/53300

Crude prices are expected to trade within the range from 4850 to 4950 one can witness selling pressure for crude commodity to continue till 4850.
CRUDE LEVELS
R:- 4970/5020
S:-4870/4710

Copper prices are likely to trade within the range from 415 to 425. One can sell copper commodity around 423 with a stop loss above 426.
COPPER LEVELS
R:- 424/427
S:-417/414



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