Crude Updates
The current updates suggest that MCX Crude August as seen in the weekly chart above has opened at 5062 levels initially moved lower, but found good support at 5040 levels. Later prices rallied sharply towards 5225 and finally closed higher from the previous weeks closing levels. For this week we expect Crude prices to find support at 5047-5030 levels and further below strong support is seen at 4955-4935 levels. Daily closing below 4930 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4860 levels, then 4782 and then finally towards the major support at 4732 levels.
MCX Crude Oil Tips
we suggest a Buy in MCX Crude August between 5050-5030, SL-4920, Target -5220 for today's MCX Crude Tips.
Copper Updates
Copper on the London Metal Exchange is trading with 0.20 per cent. Copper flat last week with a turnover in the domestic market had closed at Rs 415. Current updates are in MCX Copper August as seen in the weekly chart above has opened at 413.05 levels initially moved lower, but found strong support at 411.80 levels. Later prices rallied sharply towards 419.85 levels and finally closed higher from the previous weeks closing levels.
MCX Copper Tips
For Today MCX Copper Tips are to buy on lower level.
