Crude Oil Updates
Today there is a inventory for crude oil, crude clearly cut down, on the MCX, crude oil prices gained by 0.6 percent on the back of Rupee depreciation and are trading around Rs.4949/bbl after touching an intra-day high of Rs.4965/bbl till 4:45pm today. From this level crude simply move down, no correction seems in crude.
MCX Bullion Trend
In MCX, bullion perform better then base metals. Gold & silver both on recover phase, gold currently trade on 28940 while silver is on 57385 around. Bullion may go for up, if Silver today break the level of 57520 then it will be on bullish trend. If we talk about gold, if gold break 28970 then it will touch 29215 level in current trading session.
Base Metal updates
Copper seems bearish as per last trading session, there is no hope to trade in positive mode of copper. Copper trade with negative phase & we expect that it will touch 385.15 in intraday session. Lead all most down by 0.20% & Zinc by 0.55%. All base metals are on bearish trend.
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