Wednesday, March 21, 2012

MCX Copper and Crude Tips

MCX Copper Update
A recovery in copper market and a pick-up in identify need, copper futures trading prices today retrieved by 0.43% to Rs 435/ kg
At the mcx copper for delivery in next month increased by Rs 1.90, to Rs 435/ kg, with income of 2,870 lots.
Likewise, the copper for delivery in for month june was increase by Rs 1.85, at Rs 440/ kg, with a business variety of 192lots
Universally, copper for four-month delivery moved up by 1.1% to US dollar 8, 5130 a tonne on the London Metal Exchange
Our market experts assigned the increase in copper in next month trading to a toning pattern on the London Metal Exchange after a report revealed US real estate begins in Feb hovered near a four-year high, improving the demand perspective for materials.

Crude Oil Update
Crude oil around Rs 5,410/barrel stages with a stop-loss of Rs 5,330/ barrel and benefit focus on of Rs 5,490-5,525/barrel. Our expert desires primitive to analyze around US dollar 113/barrel in this move. US dollar 105/barrel on worldwide front side will make a great assistance. Revenue arranging is predicted at around US dollar 113/barrel on the higher side.

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