Copper and Crude oil Update

Copper update: Copper are trading under pressure in MCX market. A recent upward trend in Shanghai Futures Exchange copper volume suggests that imports of the metal may surprise to the upside again in June, Copper the leader of the base metals complex declined in yesterday’s trading session on the back of appreciation in the Indian Rupee. Crude Oil Trend: NYMEX crude oil is trading with strong light. On Tuesday, domestic crude oil with 1.15 per cent to Rs 4754. Crude oil is consolidate trend and has reached above 4742 level with Rs. 9 down. NYMEX crude has trading up.

Intraday Copper trading Tips

Copper updates: 

The growth sensitive metal, which fell around four percent for the week, got pressured as apart from the exacerbating financial trouble in European Union, top consumer China reported that industrial activity grew at slowest. 

Intraday Copper tips: 

Today copper trading at 411.85 up by 1 percent from pervious closed. Copper is consolidate trend if it cross 412.50 then it may go upside trader may buy it above 412.50 and sell below 409. 

The industrial metal prices also got undermined by the appreciation in American greenback against a basket of currencies