Alert::Crude Oil loosing strength may push gold-SIlver and Copper down.

Crude-oil futures tumbled more than $5 a barrel Tuesday, suffering the biggest daily loss in nearly four months, as the rising dollar and economic worries spurred a broad sell-off in commodities for a second straight day.




Crude oil for August delivery closed at $136.04 a barrel on the New York Mercantile Exchange, down 3.8%, or $5.33, the biggest one-day loss in value since March 19. Earlier it slumped $6.23 to an intraday low of $135.14 a barrel.

Crude has lost $9.25 over the past two sessions.

Impact : Crude Oil prices are major indicator for other commodites and having main impact on Bullion and Metals prcies. If this fall continue and market breaks major support, we can more fall in Gold - Silver and Copper prices.

Regards ,

Kamlesh Jogi