MCX Copper Tips

MCX Copper Tips For Today with Target Price [14 May 2025]

MCX Copper Tips For Today: Copper prices breaking above $849 signal a bullish breakout, driven by strong market dynamics. This move suggests robust demand, likely fueled by global industrial growth, particularly in sectors like construction, electronics, and renewable energy, where copper is a key component. Supply constraints, such as disruptions in major copper-producing regions like Chile or Peru, or reduced output from mines due to labor or environmental issues, could further tighten the market, pushing prices higher. Additionally, macroeconomic factors, including a weaker U.S. dollar or increased infrastructure spending in major economies like China, may amplify this upward momentum.

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MCX Copper Tips

MCX Copper Daily Candlestick Chart Analysis CMP 822 (30-04-2025)

This is a daily candlestick chart of Copper futures on MCX (Multi Commodity Exchange) showing the price movement from August 2024 to April 2025. The price is currently at 824.30 INR per kg, down by 3.55% as of April 30, 2025. Let’s analyze the chart for potential buy/sell levels, targets and stop loss and determine whether to go long (buy) or short (sell).

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MCX Copper futures trade higher on robust Demand

MCX Copper futures trade higher on robust Demand

Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.

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