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Monday, May 21, 2012

MCX Copper & Crude Updates: Commodity Tips for Today

On London Metal exchange, Copper is trading with nearly 1.5% gain. On MCX, Copper is facing strong resistance near 426.50 and a consistent trading above this level can elevate the prices to 430-433 level. Copper trend is likley to remain positive and it could be a better pick to buy in base metals for intraday.

Crude prices also trading higher on MCX. With a gain of nearly 40%, mcx crude is trading near 5075 level. International NYMAX crude has also witnessed positiveness today. So prices are expected to touch 5100-5155 level today.
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