MCX COPPER READY FOR 700+++ Rok Sako to Rok Lo, Need Patience (Any Correction Buy) and So Jaao.
MCX COPPER 608 TO 617 BOOM 22500 PER LOT PROFIT, I TOLD YOU BUY 100–500 LOTS
Copper MCX Tips : Copper MCX Above 600 buy 100—500 Lots For target 612——618 SL PAID
Copper MCX Tips : MCX Copper High 519.50, I told You 492 Target 525-552–600++ Neal Bhai
MCX Copper prices traded firm at Rs 615 per kg on December 18 after hitting a lifetime high of Rs 617 during the day on the MCX. The base metal traded in the green in the evening session after a gap up opening on a weaker dollar.
Copper prices were supported by declining inventories at LME and SHFE accredited warehouses and positive economic data from China and the US. Copper stocks are down nearly 30 percent since the middle of October.
The US dollar traded lower at 89.80, or down 0.61 percent, in the evening session.
“LME Copper is heading towards its 52-weeks high $7,971 levels where it is expected to trade on a positive note. Resistance is at $7,810-$7,860 levels, while support is at $7,880-$7,840 levels,” said Neha Qureshi, Technical Research Analyst at Reliance Securities.
MCX Copper December has given a breakout above all-time high levels of above Rs 609. Prices now shifted to new range zone which could push price further to Rs 612-615 levels with support placed at Rs 607-604 levels.