Copper (April Futures): Sell - 429, SL - 436 and the target - 420
Nickel (March Futures): Sell - 1200, S - 1220 and target – 1180
Crude oil is increasingly looking at the brakes. On MCX, crude oil has declined by half per cent. Naimacs the sense of crude oil has come down from $ 105.
Base Metals sharp decline. MCX copper at about 1-2 per cent, including all Base Metals have been broken. Zinc has the highest fall. Base Metals is certain is that the decline continues. Copper in the past week has been about 6 per cent dive. While nickel and zinc also has about 8 per cent fall.
New record is making day by day today Tokyo Commodity Exchange(TOCOM) on Tuesday made new record for its near month gold futures contract with prices hitting the highest in 28 years.
Crude oil prices pulled back and buying declined amid speculation same as Gold lost its earlier gain after record high on monday that Libyan leader Gaddafi was seeking a deal to leave the country.
Gold, benefiting from fears that the higher oil price could trigger a new round of inflationary worries and a slowdown in global economic growth, quickly recouped its loss and shooted up as the price of oil shot up to more than 105 USD a barrel and is currently trading at a shade under that.
CONCLUSION- According to News the precious metal prices no more effected in lower side same as crude oil. the future of Crude oil seeing upper side and silver also may make a new high record in end of the current month.
