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NATURAL GAS UPDATES
US Energy Information Administration (EIA) is scheduled to release its weekly inventories and US natural gas inventory are expected to increase by 65 billion cubic feet (bcf) for the week ending on 24th August 2012.
COPPER INTRADAY TIPS
From the intra-day perspective, we expect base metal prices to trade on a bearish note on the back of weak global market sentiments along with strength in the DX. In the Indian markets depreciation in the Rupee will however restrict sharp downside in the prices on the
MCX.
Copper Recommendations :- Sell at 421.5, Stop loss 423, Target 419.5.
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