Monday, September 3, 2012

Copper and Crude Updates| MCX Tips For Today

Copper Updates

MCX base metals on the London Metal Exchange is seeing strong. MCX Copper trading at Rs 429.70 with a gain of 0.6 per cent is. Aluminum and lead gained in the 0.6-0.8 per cent. The nickel and zinc has gained more than 1 per cent. Copper on the London Metal Exchange touched a record level of 7679 dollars per tonne, which is a record level of 1 week. The copper on the London Metal Exchange was trading near $ 7667. Metals on the London Metal Exchange stocks fall sharply due to seeing. Despite China's poor PMI figures in August Metals is looking up. Copper updates for today is copper is looking bullish for today having a support at 224 and a resistance is looking at 235 level. Copper updates for today is to Buy on Lower levels.

Crude Updates

In MCX energy crude oil is trading in a selling pressure due to strong rupee agianst dollor. After last week's strong gains in crude oil is seeing. The MCX crude oil slipped 0.5 per cent is trading at Rs 5345. Crude updates suggest a bullish trend in Crude for mid term trading session. MCX Crude has a crucial support at 5320 level and a strong resistance at 5380 level for today. Crude Updates for today are crude is looking consolidate for today so sell it on higher levels.

MCX Tips For Today

  • MCX Nickel (September Futures): Buy - 900, stoploss - 880 and the target - 940
  • MCX Led mini (September Futures): Buy - 109.25 stoploss - and target 107.75 - 114.75
  • MCX Gold (December futures): Buy - 31200, stoploss - 31100 and the target - 31400
  • MCX Silver (December futures): Buy - 58900, stoploss - 58750 and the target - 59300

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