Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.
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MCX Copper High 519.50, I told You 492 Target 525-552–600++ Neal Bhai
MCX Copper : China ordered the United States to close its consulate in the city of Chengdu in response to being told to shut its consulate in Houston.
MCX Zinc Day Trading – Below 194 Under Selling Zone Target 188—187
MCX Zinc settled down 0.42% at 191.5 as pressure seen after China’s industrial output grew significantly slower than expected in October despite of decline in LME zinc inventories. China’s central bank lowered the interest rate on reverse repurchase agreements by five basis points, the first reduction in the short-term liquidity tool in more than four years.
MCX Copper Tips Today – Copper Selling Call Rocking 440—432.70 – Loot Lo Dabbe Wale Ko – Neal Bhai Reports
MCX Copper Tips Today – Copper Selling Call Rocking
Watch MCX Copper Price 440—432.70 – Loot Lo Dabbe Wale Ko
MCX Copper (Oct) Weaker Below ₹455, Any Rise Fresh Selling; Down Side Support ₹430
BASE METAL TIPS – MCX Copper settled down 0.11% at 440.85 as China’s factory activity is expected to have contracted for a fifth straight month in September. Pressure also seen after the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.