Copper for its Feb contract was trading at Rs. 460.50 advancing from its PCP of 458.60. In the fundamental section the Fed has once again been in the news on concerns that it would announce cutting down its $85 billion monthly bond purchases. Copper prices declined by 0.20% to settle at 331.50 USD/lb at the COMEX after its longest rally since December 2010.

UK unemployment rate has unexpectedly fallen to a four year low of 7.4% form 7.6% in the quarter through September, according to the Office for National Statistics in London.The number of employed people surged by a record 250,000 to record figure of 30.1 million during the quarter through October, the biggest increase since July 2010.

One of the largest producer of the red metal, Peru has produced 122,305 tons of copper this year. This is an increase of 6.48% compared to 114,864 in the same period last year, according to the data released by the Mines and Energy Ministry.

View on Copper for 10/12/2013

Copper should be sold around 449 with strict s/l of Rs.452.If it breaks 452 it might reach to the level of 457.The lower side support appears to be at 446 & 444.

View on Gold for 10/12/2013

Gold appears to be in uptrend for a while.It should be bought around 29100 with s/l below 28800 for the tgt 29550/29700.It would also give trading opportunity between the range of 28800-29600

View on Crude for 10/12/2013

One should try to buy crude on every correction with strict s/l of 5820 for the tgt 6100.

Copper for its Feb contract traded at Rs 446.10 showing  change of -0.04% from its PCP of Rs. 446.30. Copper traded low on the wake of a firm rupee. The currency rose 0.6% today and touched 61.4075, its strongest level since Oct,31.