Crude
Updates & Trend:- Despite the boom in
the international market, Crude oil in the domestic
market began to fall. Currently the mcx crude
oil is trading at 4732 with a fall of 0.5 percent.Sudan
crude oil exploration and production recently signed deals with
foreign companies for the supply of crude oil. According to market
experts the crud eoil will see a further fall in the price of crud
oil.On a weekly basis, prices of crud eoil at Nymex has been fell by
0.6 percent.Crude oil prices touched a low of $82.10/bbl in the last
week and
closed
at $84.12/bbl in the last trading session of the week. On the
domestic bourses, prices gained by 1.8 percent and closed at
Rs.4,747/bbl on Friday after touching a high of Rs.4,899/bbl during
the
week.
Brent Crude oil is in the green signal and hence trading
at around $99.
Crude
Oil Tips:-
Since the crude is in a
downtrend Hence
we will recommend you to go for sell side for the crude oil.Sell
crude at about Rs 4,800 per barrel and covering at around Rs 4,600
per barrel.”
MCX
Copper Trend & Updates:-
MCX
Copper will show a trading in red signals so we will recommend you to
go for sell side. If you are holding the copper
contract for the month of August Then
sell it in between Rs 428-429 per kilogram with placing a stop loss
of Rs 432-433 and Target of Rs 420 per kilogram.
MCX Nickel Tips:- Sell MCX Nickel at around Rs 926 per kilogram levels with a stop loss of
Rs 938 per kilogram for a downside target of Rs 920 per kilogram.
So This was the mcx commodities trend for today 9th July 2012. Stay with us to get more updates from market. Subscribe our free Tips for the mcx market. Fill the free trial form for mcx crude oil, copper, Nickel, Gold, Silver tips today.
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