Copper Depressed By Sharp Downtrend

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Copper Forecast

Copper ForecastGold Silver Reports ✅ — The prices of Copper were yet again depressed by renewed selling pressure. This decline is actually a extension of what was seen in Copper last day. The pressure also ignited as weekend is round the corner. Squaring off long positions continue with simultaneous building of short positions.

MCX Copper was trading at Rs 374 per kg, very convincingly breaking Rs 380 per kg. The decline of 1.60% was noted in Copper. Prices have tested a high of Rs 379.40 per kg and a low of Rs 373.80 per kg.

According to Chilean miner Antofagasta Minerals global copper market this year may be slightly short supply, but subject to a United States protectionism and other risk factors, copper price prospects are unclear.

Antofagasta Minerals expects copper market this year will roughly balance between supply and demand, and they may not return to last years low point, but doesnt expect prices to rise sharply this year. — Neal Bhai Reports

Copper Depressed By Sharp Downtrend | Gold Silver Reports