MCX Crude and Copper Updates Today (18 May)

NYMAX Crude is trading stringly around 92 dollars a barrel. On Thursday, crude oil in the domestic market, gained 0.28 per cent to close at Rs 5034.

Crude prices ate elevating today also and we can expect prices to reach 5100 level.

Consistent trading above 5050 can be a buying opportinity for crude traders.

Copper is also shining with nearly 1% upside on LME. MCX Copper closes at Rs 419 and currently its trading near 422 level. It may rise further up to 426-428 in today's trading session.

MCX Updates Today: Copper is Up along with Other base metals

Silver after coming out of its early lethargic trade is now trading above 57600 level. MCX Gold has also put on moderate gains and hovering around 28400 level. Though during evening trade, we can expect prices of bullion metals to raise significantly.

In Domestic market Nickel Futures have gone up more than 1.30 per cent, while copper and lead have been up about 1 per cent and 1.50% respectively..

Crude prices are likely to prevail its upside momentum and one can buy Copper Futures above 424.50 for the target of 427.50.

MCX Gold Silver Tips and Base Metals News Updates for Today

Precious metals started the day with the spark of upside in the domestic commodity market. Both Gold and Silver are trading in buoyant mode. With the gain of more than 1% MCX Silver is approaching 57000 level while MCX Gold is trading near Rs. 27880.

Day traders are advised to trade in these metals on Dips.

All metals except aluminum on MCX is trading at a huge edge.Nickel gained nearly 1.5 percent, while of lead leaping more than 1 per cent. The copper and zinc is trading with gain of nearly 1 per cent.

Copper Updates Today and Trading Tips

On MCX, Copper Commodity (Feb Contract) started with strong note and made a high of 412.70. Day traders can adopt strategy of buy on dip in copper metal. One can buy this base metal around 409-409.50 for the target of 412.50-414. In broad perspective also, Copper is likely to remain bullish.