Tuesday, September 18, 2012

MCX Crude and Copper Updates For Today

Crude Updates

Updates suggest that on MCX, crude oil prices have lost nearly 1 per cent. Because crude oil in the international market is fall about 0.5 per cent of turnover. Actually yesterday NYMEX crude oil heavy downfall in just 1 minute With volume was down nearly 4 per cent. This is why many investors was stop triggered. MCX Crude is trading at 5214 with a loss of 60 points. Looking more bearish for today. Crude Updates says that it will be better to sell Crude on higher levels.

Copper Updates

MCX has declined in all base metals. Nickel, copper, aluminum, lead, zinc all has been felt 1 to 0.4 per cent in this week. Copper is broken nearly 1 percent on LME. On the domestic market Copper was trading on a down note on MCX. MCX Copper is trading at 450.15 level with a loss of more then 3 points. Copper updates suggest that MCX Copper is looking in a consolidate form and may got its bullish trend in coming session, But for today Sell options will be better for Copper.

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