Thursday, 20 September 2012

Intraday Commodity Market Updates


Bullion: Gold prices traded in a tight range in Asia Wednesday, as the yellow metal remained in consolidation mode following a recent rally. 

Metals: Base metals mostly slightly lower on the MCX today. We expect industrial metals prices to trade weak on account of weak Chinese manufacturing data. Lead and Copper can be sold on rallies.

Energy: Domestic crude oil futures lower tracking similar movement in the overseas market. Selling on rise is recommended for the day.

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