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Tuesday, June 5, 2012

Copper Trend and Bullion Metals Updates

All Base metals are trading higher on MCX. However MCX copper hit lower level of 398 yesterday but today it has recovered up to 410 level with a gain of nearly 0.60%. Traders can buy Copper above 411.50 level for the targets of 414.50-416.

In Bullion metals, Strengthening of the rupee against the dollar is preventing Gold prices to go further above 30000 level. Still Gold silver are in positive trend. One can buy silver above 54100 for the target of 54600.

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