At Gold Silver Reports, we deliver expert base metal tips covering copper, zinc, nickel, lead, and aluminium. Our analysts provide daily intraday and positional trading calls with clear buy/sell levels, stop-loss, and targets to guide profitable trading decisions in the MCX base metal market.
Just three weeks ago, copper prices were in the midst of an extended losing streak, spurred on by a jump in global bond yields. With investors shifting asset allocations amidst higher sovereign rates, growth-sensitive assets – base metals, energy, tech stocks – took a back seat.
There’s one metal that’s leaving all commodities — and even Bitcoin — in the dust this year. The challenge for investors is buying it.
Copper Forecast : Copper Picks up Momentum : Copper (LME) is picking up momentum and the long-term outlook stays clearly bullish. Analyst team targets the $8895 neighborhood.
Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resourcessector. Investors brace for a new commodity supercycle in 2021 as globaleconomic recovery and reflation trades are set to play out strong. Industrial metals such as copper and silver are likely to outshine gold and crude oil prices.
Copper futures on Friday slipped by Rs 1.40 to Rs 626.70 per kg as participants cut down their positions amid muted demand in domestic market.
MCX Zinc, Copper, Nickel, Lead (January Contract), All Base Metal Tips Hit All Target – Neal Bhai Reports
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.