Tuesday, 18 December 2012

MCX Commodity Market Updates Today 18 Dec. 2012


Precious metals prices are trading higher on MCX today. We expect a further rise in the prices of precious metals on account of ample liquidity injection by major central banks of the
globe. Buying at dips is recommended for the day.

Industrial/Base metals prices are trading firm on international bourses today. We expect copper prices to remain under pressure as stockpiles at major trading warehouses increase. Copper can be sold on rallies for the day.

Crude oil prices are trading higher on MCX today. We expect oil prices to remain firm on account of increased demand outlook from China the second largest oil consuming nation of the globe.

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