live-mcx.blogspot MCX CRUDE OIL TIPS, NYMEX CRUDE OIL UPDATES, LME CRUDE UPDATES, NYMEX CRUDE OIL TIPS, CRUDE OIL TREND, CRUDE OIL NEWS,CRUDE OIL UPDATES, CRUDE OIL SUPPORT & RESISTANCE FOR TODAY 13 JULY 2012, FRIDAY.
London Metal Exchange (LME) Copper declined by 0.39% to $7525 a metric ton (mt) on Wednesday, as uncertainty the U.S. Federal Reserve would launch more stimulus measures soured market sentiment, with prices in tight ranges on caution before China's GDP data.All across risk assets, including oil, investors are seeing the global economic outlook as a glass half-empty.There is a lot of caution ahead of the Chinese data.
At India�s Multi Commodity Exchange (MCX), crude oil continues to mirror global trends.Support levels for MCX Crude July,4670, 4720, Resistance 4790, 4830, to trade sideways.