During early Asian session Crude oil futures prices are trading close to $93/bbl in international market. We may suggest remaining on buying side for the day. Crude september prices gained contract. If there is any break in prices above 5050 it would gain strength and prices may witness bounce towards 5100-5150 levels. On the other side, a decline below 4950 would lead to weakness.
Today morning base metals are trading up by 0.54 to 1.1 percent at LME. We expect metals to open on a positive note and may continue to shed gains. Copper prices got declined for November'12. Today only a decline below 448 levels would lead to weakness in this base metal towards 445 levels. Its immediate resistance would be 457 for today.
Today morning base metals are trading up by 0.54 to 1.1 percent at LME. We expect metals to open on a positive note and may continue to shed gains. Copper prices got declined for November'12. Today only a decline below 448 levels would lead to weakness in this base metal towards 445 levels. Its immediate resistance would be 457 for today.
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