Despite
the rupee getting strong against the dollar, On MCX crude prices
have seen upside. However, selling pressure in international crude
oil remains the smae. While in China, second quarter GDP figures have
gone below the level of the last 3 years.Europe and America are also
showing no signs of improvement.
Gold
and silver remains in the initial consolidation phase.Although gold
and silver in the international market is showing some strength back.
Early
weakness in base metals is intact. Copper on the LME over half Fsidi
pain has been strong. While
on MCX crude is trading sideways with some earnings in its pocket.
With nearly 0.60% rise, copper is trading around 425 level.
