Bullion Update:
MCX Gold June is currently at Rs.28538, it is trading down by 23 points for the day. COMEX Silver is currently trading at $ 31.42 where as MCX Silver May is currently trading at Rs.55789, it is down by 131. Both the precious metals, gold and silver extended losses for the second straight day in the national capital today.
Gold suggest that prices have maker buying position above 28800 levels. and sell mode below levels of 28400.
Buy Silver may above 55800 stoploss: 55400 target: 55950, 56100
Crude oil tips:
Oil traded near the highest close in two days in New York after a bigger-than-projected gain in retail sales boosted speculation that are covering U.S. economy may bolster fuel demand in the world’s biggest crude consumer.
Base Metal Update:
All base metals are trading on a flat note today.
Tuesday 17 April 2012
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