Copper futures rose to nearly $4.50 per pound on Thursday, marking a four-month high.
The rally was driven by a sharp decline in the US dollar and easing concerns over a global trade war.
Copper Analysis
MCX Copper Tips For Today (20 December 2024)
MCX Copper Tips For Today: Real Time MCX Copper Forecast for Today: Free Copper Trading Tips, MCX Copper Intraday Calls, Copper Price, Copper Market Commodity Trading Tips.
Copper ETF Long Term Bullish Cycles | Gold Silver Reports
Firstly the CPER Copper Index Tracking instrument has an inception date of 11/15/2011. There is data in the HG_F copper futures before this going back many years. That shows copper made an all time high on February 15th, 2011 at 4.649. Translated into this instrument, it is mentioned on the monthly chart. The decline from there into the January 2016 lows appeared to have been a double three in the commodity HG_F. Thus I will work with that idea in this CPER instrument.
Copper Surges Toward $10,000 as Bulls Bet on Global Rebound
Copper Prices Reports: Copper stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
MCX Copper Trading Zone 407—418 Any Panic Buy
Copper on MCX settled up 0.04% at 409.75 after the biggest rise in three months in the previous session on investor hopes that Chinese measures to boost lending would be followed by progress in trade talks with the United States.