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 |
