Wednesday, 1 July 2015

Daily Commodity Market News and Trading Tips

Gold dropped as the dollar stood tall after Greece missed a loan payment to the International Monetary Fund.

SELL GOLD AUG @ 26575 SL 26700 TGT 26440-26250.MCX.

Silver dropped on speculation that Greece and its creditors could still agree on the modalities of the bailout aid badly needed by Athens.

SELL SILVER SEPT @ 36000 SL 36380 TGT 35780-35560.MCX.

Crude end higher ahead of the official weekly crude stockpile report, even as talks between Iran and the western powers was extended by a week.

SELL CRUDE OIL JULY @ 3740 SL 3700 TGT 3775-3820.MCX.

Copper prices dropped as concerns over a Greek default and the country's potential exit from the euro zone continued to dominate market sentiment.

SELL COPPER AUG @ 371 SL 373.80 TGT 367.60-364.50. MCX (STBT).

Zinc dropped as the Greek referendum scheduled for this Sunday added to uncertainty over the euro zone outlook.

BUY ZINC JULY @ 126.80 SL 125.50 TGT 127.80-129.MCX.

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