Copper Forecast : Copper Picks up Momentum : Copper (LME) is picking up momentum and the long-term outlook stays clearly bullish. Analyst team targets the $8895 neighborhood.

Copper Forecast; Heading Towards The $8895 Mark

“Copper (LME) has successfully broken out from its two-month consolidation and is now also above $8346, the high from 2013. With a multi-year base in place, we maintain our core bullish outlook and look for a rise toward $8895, the highlighted ‘flag’ price target.”

“Support is seen at $7804, the 63-day average before $7705/7673 recent lows. Only below here would trigger a top to warn of a more concerted correction lower, which is not our base case.”

हाजिर मांग बढ़ने के बीच वायदा कारोबार में शुक्रवार को तांबा वायदा भाव 15% की तेजी के साथ 689.55 रुपये प्रति किलो हो गया। मल्टी कमोडिटी एक्सचेंज में फरवरी माह में डिलीवरी होने वाले अनुबंध के लिये तांबा का भाव 30 रुपये यानी 15% प्रतिशत की तेजी के साथ 689.55 रुपये प्रति किलो हो गया। इसमें 3,051 लॉट के लिये सौदे किये गये। बाजार विश्लेषकों ने तांबा वायदा कीमतों में तेजी आने का श्रेय हाजिर बाजार की मांग में तेजी के बीच कारोबारियों द्वारा अपने सौदों के आकार बढ़ाने को दिया।

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This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

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Copper Forecast : Analyst Team Targets $8895 Neighborhood

Copper Forecast; Heading Towards The $8895 Mark

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