Commodity Trading TipsLatest NewsTop News

Commodity Trend and Copper Updates Today

MCX Bullion Updates:
Gold lost in the intraday trades ending Tuesday. The session saw Gold closing at Rs 26243 per 10 grams on 29 September 2015 against Rs 26504 on 28 September 2015. Resistance for Gold is towards Rs 26600 and Rs 26650. Support in Gold towards Rs 26150 is active. Gold price tested a high of Rs 26568 per 10 grams on 29 September 2015 and a low of Rs 26211 per 10 grams. Open Interest for October contract was at 4333 as on 29 September 2015 against 4985 on 28 Sep 2015.

Crude Oil Updates:
Prices of Crude Oil gained in the session ending Tuesday. Crude oil closed above Rs 3000 on the trading session ending 29 Sep 2015. On MCX September contract ended at Rs 3026 per barrel on 29 September 2015 against Rs 2968 per barrel on 28 Sept 2015. Open interest lost during session ending Tuesday. Crude Oil tested a high of Rs 3033 and a low of Rs 2953 per barrel. Open interest of Crude Oil was at 17015 on 29 September against 19394 a day before.
Copper Call
Copper Updates:
Copper has moved in a wide range of Rs 350 and 325 in last one month. Formidable moves are expected only when this range is broken. Copper ended the day at Rs 333 on 29 September 2015 against 334 per kg on 28 Sep 2015. On Tuesday trading gains are expected to get resisted at Rs 337 and 339 per kg. Supports for Copper is at Rs 328 and Rs 325 per kg. The high for Copper on Tuesday was at Rs 335.60 per kg, and a low of Rs 329.75 per kg was tested. Open interest was at 23513 on 29 September 2015 against on 23187 on 28 September 2015.