Copper Updates & Crude Oil Trend

The gaining streak of crude oil is still intact and for last 7 days, crude has been in upside mode. Prices in mcx have crossed 500 level and with a gain of nearly 1%, crude is trading near 5050 level. Global cues are positive . NYMEX crude has reached to a level of $91/barrel while brent oil has touched the level of 106.
Intraday trend of crude is positive. Traders can buy on dips.

MCX Copper after breaching crucial support of 427, is now trading above Rs. 428.50. Copper is expected to reach 430-432.50 level, if it successfully manages to sustain above 428 level.
On the downside, trading below 424 may cause a bearish run. 


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