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Copper prices are seen hovering range bound, however trading below the support levels of 242. The ADX and +DI is dropping downwards with no indication on the trend. The MACD is on the verge of crossing over the DAV on downside. Thus, fresh buying can be done in copper only above 242-43 levels.

Nickel prices are holding good above the support level of 693 and moving up. Thus the uptrend seems to remain intact in Nickel. However uptrend can begin only above 735 levels. Prices are expected to remain range bound during the day between 700-730 levels.

Gold prices moved up above 14500 for closing yesterday.

London, June 18 : Silvio Berlusconi has come under fire once again as prosecutors opened an inquiry into allegations that young women were paid to attend parties at the Italian premier's private residences.

It has been reported that the showgirls were selected by two businessmen brothers to be at parties thrown by the Italian prime minister at Sardinia villa and at a mansion he owns in central Rome, reports The Telegraph.

The nuclear submarine of Russia, in which 20 people died after a toxic gas accident, will be leased to India – said the Deputy Defence   Minister Vladimir Popovkin on Wednesday. Vladimir Popovkin said that Nerpa, the Akula class nuclear attack submarine will be handed over to India by the end of this year.

The Nerpa submarine, which will complete all its sea-trials by June 20, will be handed over to India, under the deal between Moscow and New Delhi for supplying two nuclear submarines on lease.
     

Melbourne, June 18 : U. S. President Barack Obama has apparently left People for the Ethical Treatment of Animals (PETA) unhappy by killing a fly during a televised interview, for the animal rights organisation is now sending him a device that allows users to trap a house fly and then release it outside.

"We support compassion even for the most curious, smallest and least sympathetic animals," the Daily Telegraph quoted PETA spokesman Bruce Friedrich as saying.