Copper Updates and Crude Trend for Today

Base metals are trading weak on MCX and all base metals are trading with red mark. Copper has witnessed a sharp initial fall of nearly 0.80% and has come down to 437.50 level. Crucial support level for Copper is 435 and below this level, copper may suffer further decline till 433-428 level. However a trade above 443-444 can resurrect the positiveness in copper commodity.

MCX crude is also trading down 0.75% and it has come down to 4850 level. Key support for crude oil is seen near 4809 below which more downside is expected. Traders can short crude below 4844 for the targets of 4820-4800-4780.
Prices are required to trade above 4920 to achieve the bullish trend


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