MCX Intraday Tips, Commodity Updates for Today 08 Feb 2012

Wednesday, February 8, 2012
Precious metals are trading flat on COMEX today. We expect prices to trade higher for the day on account of worries over the Greece bailout package and a weaker dollar. Industrial metals are trading flat on International bourses today. We expect prices to trade range bound today on account of worries over the Greece bailout deal. Support for February copper is seen at Rs.416 while resistance is seen at Rs.428. All base metals are trading on a positive note today. Crude oil is trading flat on NYMEX today. We expect prices to trade higher for the day.

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