Monday, 1 July 2013

Monday morning updates ,mcx commodity outlook for 1st july

On Monday morning rupee open with weaker position after 2 days rally . The rupee was trading at 59.46/47 to the dollar as against 59.385/395 Friday close. It hit a record low of 60.76 last week.

In international market china’s stock exchange  fell to its lowest level Market liquidity conditions have improved greatly as seasonal demand for the end of the quarter is now over..

Crude oil shows weak position in these week position it also down by some points to its previous closing value .American crude oil traded in the range of 5570-5867.

Crude oil for july  delivery may trade on negative side .you have support it at 5550,5310 and resisted at 5850,5890..

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