Copper MCX May Trading Levels of 308-316

Copper MCX May Trading Levels of 308-316Gold Silver Reports — Copper may move in the range of 308-316. Lead can hover in the range of 113.50-115 while zinc can move in the range of 125 -129. Nickel may move in the range of 555-580 in MCX. Aluminum can move in the range of 103-106 in MCX.

London copper slipped on Tuesday and was on track for a more than 7 percent monthly loss in May, as a resurgent dollar pressured the metal it to its weakest showing in half a year.

Copper output in world No. 1 producer Chile fell in April as some mines in the central part of the country were hit by heavy rains and ore grades continued to decline, the government said on Monday. Japan’s factory output unexpectedly rose in April despite soft exports and earthquakes that hit southern areas of the country during the month, offering some signs of hope for a fragile economic recovery. — Neal Bhai Reports


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