Wednesday, March 14, 2012

Commodities Tips For MCX 14 March 2012

Our "Commodity Tips" Experts come out with their report on Gold, Silver, Copper, Crude Oil and Natural Gas

Gold futures is declining pulling back after a three-session advance and not able to close above 28970 and profit booking continue as long as below 28970-28155 sell side. Close below 27908

Silver holdings of ishares silver trust, the largest ETF backed by the metal, decline to 9,752.67 tons, as on March 12.

The Copper is down first time in 4-days, pressured by an early rally in the dollar versus the euro .For today consider target 446.45-450.12 and support at 422.12-410.12.

Crude oil futures closed lower, as poor economic data added to fears that slowing global economic growth would push demand for oil lower. For Today trading range 5310 to 5450.12.

Natural gas futures is declining as forecasts for above-normal temperatures across most of the US signaled reduces the order for the heating fuel.For trading today consider support at 111.12-113.45

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