MCX Crude Oil Trend Tips Today >> MCX Copper Trend Levels Today
MCX Crude Oil and Copper Trend Levels For Today 5 January 2012
Crude oil rose a second consecutive session on Wednesday after news that the European Union has reached a preliminary agreement to ban crude oil imports from Iran, reinforcing concerns about potential supply disruptions.
MCX Crude Oil (Jan) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 JAN 2012 are: MCX Crude Trend
Support 1: 5385, Support 2: 5275
Resistance 1:5545, Resistance2 :5615
MCX Copper (Feb) – Copper’s Nov contract which is going to expire on 29 FEB 2012, is expected to trade between the broad ranges of 396 to 411 Expected resistance and support level for today trade are as follows: MCX Copper Tips
Support 1: 402.80, Support 2: 399.35
Resistance 1: 404.55, Resistance 2: 406.10 BullionMCX