The Multi Commodity Exchange (MCX), COMDEX is trading up by 4.73 points, or 0.13%, at 3,523.11 after opening at 3,519.74. MCX METAL is trading upward by 5.50 points, or 0.11%, at 5,044.58 after opening at 5,042.64. MCX ENERGY is trading up 2.04 points, or 0.08%, at 2,694.57 after opening at 2,679.99. MCX AGRI is trading up 9.55 points, or 0.34%, at 2,841.90 after opening at 2,833.62.
- Base Metals may continue to be under pressure as global outlook remains bleak.
- Copper prices furthered the gaining momentum on Monday.
- Aluminium, Nickel and Lead too fell tracking weakness in Copper prices.
- Zinc prices however managed to end with modest gains at $2193 a ton.
- Crude oil futures declined 3.7% last week to $82.26per barrel.
- NYMEX crude fell 3.7% last week marking its fourth weekly decline.
- NYMEX natural gas fell 3% last week marking its fourth weekly decline in five weeks.
