Tuesday 1 April 2014

Copper Technical Comment For 2nd April

The skewed trading pattern in Copper is making the people cautious with the next moves. The prices of MCX Copper closed at Rs 403.75 per kg. The prices tested a high of Rs 404.65 and a low of Rs 402.3 per kg. Copper has formed a psychological base of Rs 400 per kg which is not likely to be broke any time soon. On the upside, Copper is not expected to show any material gains till it breaches, Rs 409 per kg. A parallel trading pattern is seen in MCX Copper from last 10 days.



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1 comment:

  1. Copper prices steadied supported by falling inventories and output cuts. This metal is predicted under Commodity Tips and we have given extra attention while trade in copper.

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