MCX Crude oil is witnessing a sharp upside movement today in Indian commodity market. Crude oil is trading up at around 5030. International crude oil is also moving upside. American energy department's report is scheduled today. Just before the meeting of US Fed the gold and silver are trading consolidate today. Gold and silver are trading at around their previous closing levels of yesterday. Currency also could not support the bullion metals. Live Gold is trading around 27200 while silver is at 38200. Base metals are facing bearish trend today after the upside bullish movements of yesterday.
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Showing posts with label mcx base metals trend. Show all posts
Showing posts with label mcx base metals trend. Show all posts
Wednesday, October 29, 2014
Wednesday, August 27, 2014
Free Base Metals Tips: Copper, Nickel
MCX Base Metals Trend Today: Base metal segment on MCX India is trading bearish today. All base metals are not getting any support from the American data. On London Metal Exchange (LME) all commodities are trading in a narrow range, the impact is clearly visible in commodity market in India. Most affected commodity today is copper on MCX which is trading down from it's previous close by 0.5 percent at around 424 while zinc, nickel, aluminium are also trading on lower side. There are no chances of recovery in base metal in the day trading session. If you are a intraday trader in base metals, we advice you to trade with strict support & resistance level.
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