Tuesday, 12 June 2012

MCX Intraday Copper and Crude oil Trading Suggestion

Expert Suggestion for Copper: 
Our expects recommend copper to trade in the range bound of Rs 408 to about Rs 415 for the week Rs 408 should now be a strong support. Expert recommends traders to go buy copper target 415 - 416 with stop loss 405 intraday as well as 1 week positional. 

Crude Oil Update: 
NYMEX crude oil trading with decline about 1 percent and in domestic market crude oil down more than 1 percent. We suggest traders to go long on crude oil above 4605 with stoploss below Rs 4575 for a target price of Rs 4635. and sell position below Rs. 4585.


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