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base metal trend today,free commodity tips,live mcx tips for today,mcx bullion tips
After the high end closing on yesterday today mcx ncdex commodity mrket open at negative zone.
MCX copper trend today :- Copper is likely to trade with negative momentum during the morning session on the Tuesday, 10 July as the deceleration in the trade growth of China, the major metal consumer for June 2012 might weigh down the sentiment. But, the euro-region finance chiefs ratification in its meet between the Economic and Financial Affairs Council on early Tuesday on the terms of a bailout for Spain's troubled banks might curb huge losses. Copper is likely to find support at Rs. 423.6 per kg and Rs. 420.6 per kg and resistance at Rs. 426.6 per kg and Rs. 429 per kg.
Aluminium updates Today :- MCX Aluminium is likely to trade in narrow range on Tuesday, 10 July as U.S. aluminum producer Alcoa Inc forecasted an increase in orders from the auto and aerospace sector, which might offset the disappointing news from China to some extent. The rise in aluminium imports of China for June 2012 might solace the metal. Aluminium is likely to find support at Rs. 105.8 per kg and Rs. 105.2 per kg and resistance at Rs. 106.9 per kg and Rs. 107.4 per kg.
MCX crude Oil updates :- Crude oil futures tumbled by nearly 2% in Asia electronic session today as the Norway's government decided to avert an industry lockout by stopping a petroleum workers' labor strike and imposing arbitration early Tuesday in Oslo.MCX July crude oil futures may open today's session near Rs. 4750 levels with support around Rs. 4700 and Rs. 4670 levels.
Live mcx tips today :- Gold August contract is in the range of Rs 29,500-29,550 per 10 grams with a stop loss at around Rs 29,400 per 10 grams for target on the upside in the range of Rs 29,740-Rs 29,750 per 10 grams levels for the day.
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