Wednesday, April 25, 2012

Copper Updates, MCX Gold & Silver Tips, Commodity Updates 25 April 2012

Precious metals are trading flat on MCX today. Gold is trading in the range of Rs. 27,750-28,820 and Silver is trading above Rs. 55,700 in today's trading session. We expect prices to trade lower for the day. All base metals are trading on a flat note today. Support for April copper is seen at Rs.421 while resistance is seen at Rs.432. We expect prices to trade range bound for the day. Crude oil is trading flat on MCX today. Crude oil price may touch the levels of Rs. 5500 in upcoming trading session. We expect prices to trade range bound for the day.

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