Saturday, 20 October 2012

Base Metals-Selling pressure, Crude oil update 20 Oct

MCX NCDEX tips, Free Commodity tips, Copper update, Crude oil tips, Gold Silver tips, NCDEX tips
Today Commodity market down and pressures on selling position, base metals in MCX with some selling pressures path passive in international market but on domestic market suddenly weakness in rupee again went 53.80 and will support the price.

Base metals product now trading rang like: - Copper trading range of 435-440 in MCX, Nickel range levels 113-114.5 with Nickel can move rang of 900-925. Aluminum up move levels 105-107Rs.

MCX Crude oil is negative trade and the trade range of 4800-4950. Crude Nov is down $2.05 or 2.2 per cent, to settle at $90.05 a barrel on the New York Mercantile Exchange, Crude biggest decline since Oct.

MCX Silver is biggest decline in this week. Silver new record achieve down on 60,000. Silver now trading prices 59826 with 46 Rs loss. Export advise silver 150-200 points move up on Monday.


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