Copper Nickel Hit full target today: Copper yesterday settled up by 1.91% at 762.95 as floods in top consumer China spark demand hopes at a time when inventories are falling.
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.
Trading Strategies: Natural Gas slid on Tuesday but prices are still expected to remain elevated. We continue to see a general lack of heat in the pattern compared to what was expected previously, with the 15-day period, along with July as a whole, looking to come in cooler than the five- and 10-year normal.
MCX Copper Tips: Buy Copper July CMP 719.60 or 718.50 Target 721—724 SL 716, MCX copper tips & technical levels | Neal Bhai
Gold Silver Reports: Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resources sector. Traders were caught off-guard by the unprecedented coronavirus crisis last year. Likewise, a strong recovery across the commodities board came as a surprise, bringing them in vogue and kick-starting a super cycle.