1:10 AM
Analyst
Copper Updates and Levels :-
MCX Copper April contract is looking slightly negative for the day. In base metals on the LME has declined. LME Copper 1 per cent lowers and the price has gone 20 month lower levels. In the domestic market MCX Copper has fallen near to 0.19 % at RS 392.70. According to market moment Copper may slip to lower side and it will be touch at levels of 390. Market may find support near to 389 & 387; intraday resistance levels can be seen near to 395 to 397.
Investing Calls:- Day trader can Sell MCX Copper below 392.80 targets 391.80, 390.80 Stop Loss 394.80.
Crude Trend and Updates:- U.S. stocks rise and fall in world demand for crude oil has increased the pressure on. Brent crude on the international market has come down to $ 101 a barrel. NYMAX slipped 0.6 percent on crude oil is trading at 88.7 dollars per barrel. Currently, about 1.6 per cent on MCX crude oil is trading below Rs 4770 with weakness.
Overall trend of the Crude oil is bearish for medium-long term .Currently Crude oil is in strong downtrend .Noting point is selling at lower levels seems decreasing.
Trend: Volatile or Consolidate
Strategy: Sell On High
Resistance: 4859/4924.4
Support: 4733.4/4649.7
Calls:- You can Sell MCX Crude oil below for April Delivery near to 4750 Targets 4735, 4720 stop Loss 4770.
MORE>>> UPDATES
MCX Copper April contract is looking slightly negative for the day. In base metals on the LME has declined. LME Copper 1 per cent lowers and the price has gone 20 month lower levels. In the domestic market MCX Copper has fallen near to 0.19 % at RS 392.70. According to market moment Copper may slip to lower side and it will be touch at levels of 390. Market may find support near to 389 & 387; intraday resistance levels can be seen near to 395 to 397.
Investing Calls:- Day trader can Sell MCX Copper below 392.80 targets 391.80, 390.80 Stop Loss 394.80.
Crude Trend and Updates:- U.S. stocks rise and fall in world demand for crude oil has increased the pressure on. Brent crude on the international market has come down to $ 101 a barrel. NYMAX slipped 0.6 percent on crude oil is trading at 88.7 dollars per barrel. Currently, about 1.6 per cent on MCX crude oil is trading below Rs 4770 with weakness.
Overall trend of the Crude oil is bearish for medium-long term .Currently Crude oil is in strong downtrend .Noting point is selling at lower levels seems decreasing.
Trend: Volatile or Consolidate
Strategy: Sell On High
Resistance: 4859/4924.4
Support: 4733.4/4649.7
Calls:- You can Sell MCX Crude oil below for April Delivery near to 4750 Targets 4735, 4720 stop Loss 4770.
MORE>>> UPDATES
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2 comments:
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Regards: copper updates
Your blog is nice. Your sharing tips are all awesome. All information is relevant. Your tips are relevant for visitors. Your blog provide the accurate and update information to the clients.
Regards: mcx crude trend
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