Thursday, September 27, 2012

MCX Tips: Crude and Copper Updates

Crude Updates

Tensions simmer in the crude oil in the Gulf is being witnessed. The stimulus package announced in China is expected to shine gold. Crude Updates for today are, With a gain of 0.5 per cent on NYMEX, crude oil is currently trading at 92.30 dollars a barrel. Brent crude on the ICE trading to $ 112.50 a barrel with marginal gains of 0.1 percent. On MCX Crude oil is Currently trading on 4883 with a gain of 61 points. MCX Crude updates suggest that it could trade in bullish trend today. 

Copper Updates
MCX mixed in the base metals business is being witnessed. With a decline of 0.2 per cent copper is trading at Rs 441.25. Lead and zinc have been in the 0.3 to 0.6 per cent. However, the strength of 0.5 per cent on MCX Aluminum and nickel are seeing. LME copper at 0.5 per cent was recorded. MCX Copper Updates are it is trading at a nutral point. If copper move to 447 level then it can touch 452 level today. Although Copper Updates and news suggest that it is looking bullish.

MCX Tips
  • MCX Gold (December futures): Buy - from 31,500 to 31,530, stoploss - 31 390 and the target - 31760/31830
  • MCX Silver (December futures): Buy - from 62800 to 62850, stoploss - 62500 and the target - 63380
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