The initial strength seen in crude oil is still intact. Crude ON MCX is trading up by 1% . NYMAX crude oil prices have also reached above $101.
After initial weakness, MCX Silver and Gold are now trading positive in Domestic market. With slight edge, Gold is trading near 27500 level.
An upsurge has been seen in base metals so far. After breaching the resistance level of 422.50, MCX copper is now trading at 424.50 and it is likely to touch 427 level soon.
Lead, zinc and Nickel commodities have also surged up nearly 1%.
