Monday, March 19, 2012

MCX Copper Update

Copper, Gold, Crude Oil, Silver Update
MCX Copper in India 

Copper futures trading are likely to open a tad reduced on Saturday in step with offshore markets, though a gradual rupee could limit the disadvantage in prices, experts said.
The most-active Copper for next month delivery on the multi commodity exchange last finished stable at 427.50 rupees per kg
In London, copper surrounded reduced as chronic concerns about gradual demand in Chinese suppliers took the strength out of a three-day move.

Copper MCX April 2012 at Rs 434-432/kg with a stoploss of Rs 430/kg and target of Rs 438-443/kg

Silver Tips
Silver MCX May 2012 Rs 57,170-57,190/ kg with a stoploss of Rs 56,950/kg. "One can have a target of Rs 57,480/kg

Gold Today
Gold MCX Rs 27,310/10 grams with a stoploss of Rs 27,505/ 10 grams and target of Rs 27,010/10 grams.

MCX Crude Oil
Crude Oil MCX March 2012 at Rs 5,335/ barrel, with a stoploss of Rs 5,301/ barrel and a target of Rs 5,396/ barrel

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