Yesterday Crude oil prices closed lower ahead of U.S.
Federal Reserve's statement today. Crude settled nearly 2% lower on
NYMEX. Today MCX crude made an negative opening and now prices are
trading near the support level of 4900 level. Breaching the same may
extend the bearishness in the market.
Base metals are down today.MCX copper is heading towards its
immediate support level of 40.50 below which it may slip to 418.
Major downside is expected below 416. A trade above 424 may bring
back the bullish momentum,
