MCX Copper Tips Today: MCX Copper is showing a positive trend as long as the price stays above 1342. Traders should hold their existing long positions or look for fresh buying opportunities only when the price falls to lower levels. Avoid chasing prices at higher levels and wait patiently for the right entry.
COPPER Price Forecast
Best MCX Copper Trading Strategy: Buy on Dips with Key Hurdle at 888
Discover the best MCX Copper trading strategy for today! Learn why ₹888 is a critical hurdle and how to target ₹892, ₹897, and ₹902 with a buy-on-dips approach. Simple, actionable insights for traders.
Copper Prices CMCU3 Have Extended Their Sharp Recovery
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.
BASE METAL TIPS – Copper Prices OutLook: Net Longs in the Industrial Metal Grew Slightly
Base Metal Tips – Copper Prices: Net longs in the industrial metal grew slightly as funds marginally cut back on their short positions by 1%. However, copper could be starting to top out as investors refrain from taking up fresh longs.
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.