Social Icons

Thursday, February 23, 2012

MCX Crude and Copper Updates Today

After a lethargic start, MCX copper ended up with a gain of more than 1% and we can expect this upside momentum to continue in today's trade also. Prices are likely to touch 414.50-416.50 so traders can take their positions accordingly.
With Iran's ceasing the supply of oil to UK and France, Crude oil futures extended its northward journey, Technically domestic MCX Crude is looking positive and prices are likely to remain under the range of 5172-5255. Traders can buy crude around 5200 level for the targets of 5240-5255.
Customers 4.9out of 5.0 based on 33045 user ratings