Free copper crude tips Today
Posted: Wed Aug 01, 2012 10:50 pm
Source: Copper MCX Tips Today
The base metals pack traded lower today on account of mixed global market sentiments coupled with expectations that US policymakers will not take any stimulus measures. However, sharp downside in prices was cushioned on the back of decline in LME inventories and weakness in the DX.
Nymex crude oil prices gained by 0.3 percent taking cues from expectations of decline in US crude oil inventories coupled with weakness in the DX. However, sharp upside in prices was capped on the back of expectations that US policymakers will not take any stimulus measures.
Copper MCX trend
The base metals pack traded lower today on account of mixed global market sentiments coupled with expectations that US policymakers will not take any stimulus measures. However, sharp downside in prices was cushioned on the back of decline in LME inventories and weakness in the DX.
Nymex crude oil prices gained by 0.3 percent taking cues from expectations of decline in US crude oil inventories coupled with weakness in the DX. However, sharp upside in prices was capped on the back of expectations that US policymakers will not take any stimulus measures.
Copper MCX trend