Crude Oil prices edged up on Wednesday, lifted by a small supply cut by crude exporter Saudi Arabia, but markets remained under pressure from signs that the planned OPEC output reductions were being poorly implemented and as supplies from elsewhere rose. At Multi Commodity Exchange, Crude Oil delivery for JAN down 0.74 percent at 3,487 per barrel.
Copper prices have hit a one-month high as inflation figures in top consumer China pointed to further signs of economic recovery, while zinc hit a three-week peak on persistent supply shortages.
BUY CRUDE OIL JAN ABOVE 3490 TARGETS 3505 , 3520 , 3535 STOP LOSS 3460
BUY ZINC JAN ABOVE 184.8 TARGETS 185.5, 186.2 STOP LOSS 183.75