MCX
Crude Oil Trend :- Crude Oil has recovered strongly today. MCX Crude Oil has reached beyond Rs 5,300 1% with boom. In the
International Market NYSE Crude Oil touched level of $ 108 a barrel.
ICE Brent crude has been above $ 124. Because of fears to Crude oil
supplies decrease in Iran crude oil prices is to get support but
experts say that alone is not responsible for Crude Oil surge. Crude
Oil production figures continue to decline in the last 4 months while
America Inventry figures open today where crude oil reserves are
expected to decline. Greece relief package is not considered
sufficient to overcome the European crisis. Despite crude oil prices
is being seen surge.
MCX
Energy Natural Gas Tips Today 24 Feb 12
Natural Gas Buy -
136, stoploss -133, Target - 144.
MCX Base Metals :- After
the initial decline in base metals now has been steady. Aluminum,
Nickel, Lead and Zinc are traded on edge. Although copper trading is
still slow.
MCX
Copper Tips
Copper
February Futures Sell around Rs - 413, Stoploss -416, Target –
408.
