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Tuesday, December 27, 2011

Copper Updates and Trend for Today

The trade action for Copper MCX is seems to be choppy and lacklustre. Still Since the US commodity market is open today, we can not expect a plunge for today still prices may target 403.50 on downside to take a rebound. The Short term trend for Copper is positive. Traders can adopt buy on dips strategy.

MCX Commodity Market Trend Today

Indian commodity market remained consolidated in a choppy session. The market is likely to trade sideways in today's session as well. Due to the Christmas holidays and new year, US market
sludgy and the same effect can be seen on MCX as well.

Crude oil can be an option for traders to trade with and it can move in range of 5040-5420 on MCX
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