Thursday 12 July 2012

MCX Crude Oil and Copper Updates


Crude oil update - 
After the report of organization of petroleum exporting countries, Today crude oil futures fell in the domestic market. According to this report the demand of crude oil will be decrease in 2013 it will be 0.82 MB per day in 2013. you may sell crude oil current price.
Copper update -
Copper price may be fall in future due to second quater GDP report of the china because china releasing it’s 2quater GDP report on 13jul2012 and expecting it may be low economy growth from last three year, since china is the largest copper consumer in globally. Copper in aug open    422.65  high423.15  low 420.15  nov open427.25 high427.60 low424.70

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