MCX Crude and Copper Updates Today

After a lethargic start, MCX copper ended up with a gain of more than 1% and we can expect this upside momentum to continue in today's trade also. Prices are likely to touch 414.50-416.50 so traders can take their positions accordingly.
With Iran's ceasing the supply of oil to UK and France, Crude oil futures extended its northward journey, Technically domestic MCX Crude is looking positive and prices are likely to remain under the range of 5172-5255. Traders can buy crude around 5200 level for the targets of 5240-5255.

MCX Commmodity Updates Today: MCX Silver and Gold are Positive, Copper Crude, Oil serged again

Bullion metals are trading higher on MCX. Gold is trading around 27750-800 and prices can touch the level of 27850-900 today.

Uptrend has been seen so far in MCX Silver and this precious metal has jumped up more than 0.50 %. Trading above 53500 would yield more upside momentum in MCX silver.

MCX Crude oil is prevailing its bullish trend and it is looking forward to breach 5300 level today.

Copper prices are also in upside trend. Copper has breached the resistance of 404.50 and now heading towards 409 level.

Commmodity daily Newsletter for Today

Domestic commodity Market performed well on the last trading day of the week. Gold and Silver have been risen 0.25% and a rise of more than 0.50 % is seen in crude oil prices.

Both The commodities are looking positive for Next trading session.

Copper remained range bound and ended with slight loss. On Monday, copper may remain positive above 409 level.

NYMAX Crude has bee strengthen due to increasing unemployment rate in America. NYMAX crude has surpassed $101 level.