Sunday, May 20, 2012

MCX Copper Updates and Commodity Tips For Today

Copper the leader of the base metals declined by 4.3 percent on the LME in last week on the back of re-emergence of European debt crisis, rise in risk aversion in global markets along with stronger dollar index. However further downside in prices was restricted on account of decline in LME and Shanghai Inventories by 0.1 percent and 7.3 percent respectively.
Base metals are expected to trade on a positive note today, taking cues from upbeat global market sentiments and optimism over Greece continuing to be a part of the Euro Zone.

Free Commodity Tips For Today

Commodity
Exchange
Strategy
Target 1
Target 2
Stoploss
Gold (Jun)
MCX
Buy Above 29000
29080
29200
28945
Silver (July)
MCX
Buy Above 56650
56650
56900
56440
Copper (Jun)
MCX
Sell Around 424
421
419
425.5
Aluminum (May)
MCX
Buy 110.6-110.8
111.8
112.8
110
Lead (May)
MCX
Buy Above 107.3
108.2
109.1
106.7
Crude Oil (May)
MCX
Sell Around 5055
5025
4990
5076
N. Gas (May)
MCX
Buy Above 151.5
154.5
157
149.4
 

 

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