Last Updated : February 10, 2012 11:35
Base metals to trade sideways on profit booking
Base metals can remain sideways with upside bias but profit booking at higher levels cannot be denied.
Copper can trade in range of 430-440 in MCX while Lead may remain in range of 108-110 and Zinc in range of 105-108.
Copper jumped on Thursday to levels unseen in nearly five-months, rallying with the euro as the dollar slid after Greece confirmed it had clinched a deal for emergency aid to help the country avoid a disorderly default.
The U.S. jobs data contributed to the view that U.S. economic growth should improve, bolstering demand for base metals down the road.
Courtesy: SMC Global
Looking for Trading Advisories? Visit tips.commodityonline.com
MCX SILVER MINI 999 30 June 2012
contract was trading at
Rs 55950 , up Rs. 309 . What's your view on it?
