Monday 16 April 2012

Intraday MCX Market Update for Today

Copper tips for 16 April, crude oil tips, MCX intraday tips, MCX gold tips, online MCX tips

Base metal update:
Base metals are expected to trade lower today on account of weak GDP data from China
MCX copper resistance levels: 424, 427 and below this levels Copper support: 413, 409
MCX lead Resistance levels: 107.50 109 and Support levels: 106.50 105

Commodity market update:
Activities in Asia's physical market was sluggish, as buyers remained on the sidelines, Global Commodities India recommends going long on the MCX crude oil April contract, Gold traders in India, the world's biggest buyer of the yellow metal.

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