Thursday, 19 July 2012


MCX Crude Oil Trend and Updates

Oil prices up in Asian market today, Crude oil prices climbed up before till 7 days, now crude oil prices are crossed Rs. 5000 in MCX .Crude oil doing business approximately 90$ in NYMAX and BRENT CRUDE ARE DOING BUSINESS 105$ in ICE .This support is taken cause of declining the supply in IRAN and lowing the collection of gasoline in America .MCX base metal is climbed up by 0.5%, New York's main contract, light sweet crude for delivery in August, gained five cents to $89.92 a barrel and Brent North Sea crude for September delivery was up 26 cents at $105.42.

Crude palm oil prices traded marginally higher by 0.09% to Rs 567.90 per 10 kg in futures trade today as speculators create At the Multi Commodity Exchange, the August contract for crude palm oil traded marginally higher by 50 paisa, or 0.09%, to Rs 567.90 per 10 kg, with a business turnover of 861 lots created fresh positions, driven by improved demand in the spot market. The July contract inched up by 20 paisa, or 0.04%, to Rs 565.70 per 10 kg in 170 lots.

Copper Updates

Copper traded positively, as investors shifted focus on Copper. Its prices today rose by 0.24%, to Rs 424.10 per kg in futures trade as speculators indulged in enlarging their positions amid a firming trend at the London Metal Exchange (LME).At the Multi Commodity Exchange, the August contract for copper rose by Re 1, or 0.24%, to Rs 424.10 per kg, with a turnover of 12,013 lots.

MCX Crude Call for Today

Traders can sell MCX Crude oil below 5017 with Targets 4992, 4955, 4937 and Stop Loss 4,995.

1 comments: said...

There is nothing to read more about commodity, you should have to write some more points so that it becomes easy to analyze more about market.

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