Base
metals are trading weak on MCX and all base metals are trading with
red mark. Copper has witnessed a sharp initial fall of nearly 0.80%
and has come down to 437.50 level. Crucial support level for
Copper is 435 and below this level, copper may suffer further
decline till 433-428 level. However a trade above 443-444 can
resurrect the positiveness in copper commodity.
MCX
crude is also trading down 0.75% and it has come down to 4850 level.
Key support for crude oil is seen near 4809 below which more
downside is expected. Traders can short crude below 4844 for the
targets of 4820-4800-4780.
Prices
are required to trade above 4920 to achieve the bullish trend
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