Crude Oil gained in the session ending Wednesday and ended the session - 1 Dec 2016


The prices of Crude Oil ended the session at INR 3385 per barrel, down INR 272. December expiry contract of Crude Oil tested a high of INR 3,388 per barrel.

A low of INR 3,128 per barrel was registered during the day. Gains in Crude Oil can take prices towards Rs 3,500 and 3,550 per barrel.

On the lower side Rs 3,250 and 3,220 per barrel are the noted supports.

Copper ended the session on 30 Nov 2016 at INR 399.75 per kg. The prices tested a high of INR 403.40 per kg and a low of INR 388.95 per kg.

Indian Copper gained yet again after a sharp fall on Tuesday as bottom fishing returned.

The prices remained below Rs 400 which was an active psychological zone.

This means that prices can move lower until some positives reemerge.

On the higher side Rs 400 and 405 per kg are resistances while on lower side Rs 388 per kg is the support.

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