Today MCX Commodity Markets: Gold Silver Trend Crude Copper Tips Today 11 September:
Domestic crude oil futures traded slightly higher tracking depreciation in rupee against the dollar. Crude oil prices are trading a tad lower on NYMEX today. We do not expect a major downside in the prices of crude oil on account of stimulus hopes from US. MCX Crude oil September contract is slightly
negative for the day.
Crude MCX : Sell at 5340 Stop loss 5370 Target 5310.
Base metals futures on the MCX were up over 1% mirroring parent contracts on the London Metal Exchange, MCX Copper November contract is looking positive for the day. Day traders are advised to buy copper for intraday on dips. Support for copper is seen near 451 & 448 and intraday resistance can be seen near 456 & 459.
Copper MCX : Sell at 450, Stop loss 453, Target 447.
Crude MCX : Sell at 5340 Stop loss 5370 Target 5310.
Base metals futures on the MCX were up over 1% mirroring parent contracts on the London Metal Exchange, MCX Copper November contract is looking positive for the day. Day traders are advised to buy copper for intraday on dips. Support for copper is seen near 451 & 448 and intraday resistance can be seen near 456 & 459.
Copper MCX : Sell at 450, Stop loss 453, Target 447.
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