MCX Copper Tips and Copper Jackpot Call All Target Achieved Low 729.20. MCX Copper 744 to 729.20 (Money Hai To Honey Hai) RONA MANA HAI TRADE WITH NEAL BHAI MCX GURU
The copper market is so tight that spot contracts traded at the biggest premium over futures in at least 27 years in London.
Copper MCX Tips Today: घरेलू हाजिर बाजार की कमजोर मांग के बीच कारोबारियों ने अपने सौदों की कटान की जिससे वायदा बाजार में मंगलवार को तांबा वायदा भाव 0.35 प्रतिशत गिरावट के साथ 716.65 रुपये प्रति किलो रह गया।
Copper MCX Tips Today: Copper yesterday settled down by 1.82% at 697.8 amid concerns over demand due to Chinese power restrictions, put in place to keep emissions in check.
Copper prices are in a somewhat similar position to crude oil, with a rising trendline from the February swing low currently resting shortly above.
Copper Tips Today: Hit Full Target — A growing number of copper workers in top producer Chile are digging in for a bigger share of the metal windfall, increasing the prospect of further supply disruptions.
The most-traded August mcx copper contract on the Shanghai Futures Exchange fell as much as 2.3% to 67,400 yuan ($10,397.38) a tonne, its lowest since June 23.
Like many other commodities, copper prices have been on a tear in recent weeks. But the month of May has not been kind, at least in recent days: even though copper prices are up by +1.43% on the month, they are actually down -7.26% from their high set on May 10. Why might this be?
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.