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Weekly Trading Levels of MCX Commodity Market [07 October 2024]
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Sell MCX Gold Below 76152, Sell on Rise, For Target Price 75330——74750
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Silver net speculative longs at four and half year high
Precious metals speculators yet again increased their net long positions in the Silver (XAG/USD) futures markets sharply last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Silver futures, traded by large speculators, hedge funds and retailers, totaled a net position of 62198 contracts in the data reported through September 24, 2024. This was a weekly gain of 4000 net contracts and took net longs to four and half year high.
MCX Gold Silver BTST Trading Call By Neal Bhai
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