Thursday 19 July 2012

CRUDE OIL TREND COPPER UPDATE WITH MCX TIPS

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:

profit.biz 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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