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Monday, June 4, 2012

MCX Crude and Copper Trend Today (4th June 2012)

Crude oil has completely taken over by the fall.  The decline seen in crude oil due to weak cues from China, Europe and the United States, is still prevailing  On MCX, Crude oil is trading near 4550 and NYMAX crude is already down to $ 83.
MCX Copper has also been facing the decline mode. With more than 1.50% fall on domestic market, this base metal is trading near Rs. 401. Prcies are likely to fall further below 399 level. 

Sell Copper  below 399 TG- 396-392 SL- 405.50
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