MCX COPPER UPDATES :- Copper in China declined after consumer prices in the world’s largest base-metals user increased more than forecast last month, boosting speculation that the government may not add further stimulus. The metal for delivery in July fell as much as 0.9 percent to 59,900 yuan ($9,497) a metric ton on the Shanghai Futures Exchange, and traded at 60,190 yuan at 10:37 a.m. in Shanghai. May delivery-copper was little changed at $3.7935 a pound on the Comex. The London Metal Exchange is closed for a holiday today. On the Comex, net-long positions, or wagers on rising prices, held by funds were 18,642 futures and options contracts as of April 3, compared with 14,883 a week earlier, according to the U.S. Commodity Futures Trading Commission.
MCX CRUDE OIL TREND :- Oil fell for the third time in four days on concern fuel demand may falter after U.S. employers added fewer jobs than forecast, signaling economic growth may slow in the world’s biggest consumer of crude. Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, and a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000.