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Copper Updates
MCX Copper may note some gains tracking international exchanges, however the upside remains capped. LME Copper is trading slightly up after noting sharp decline yesterday. Lending support is short covering after yesterday`s fall and slight weakness in US Dollar. The gains may however be capped amid reduced risk appetite due to renewed debt worries in Euro Zone and fears of weakening demand from top consumers China and US. MCX Copper is trading now at 415.75. Copper is lower by 0.62%. MCX Copper: Prices have support at 413.70 and resistance at 418.30.
Free Commodity Tips
MCX Gold June:
Buy MCX Gold above 28600, with a stoploss of 28400 for target of 28900.
MCX Silver May:
Buy MCX Silver above 56500, with a stoploss of 56000 for target of 57200.
MCX Crude April:
Sell MCX Crude below 5230 with a stoploss of above 5270, for target of 5160.
MCX Natural Gas April:
Sell MCX N. G. below 106 with a stoploss of 109 for targets of 100.
MCX Copper April:
Buy MCX Copper around 418 with a stoploss of 416 for target of 422.
MCX Nickel April:
Sell MCX Nickel below 930 with a stoploss of 940 for targets of 910.
