Copper prices this could be an opportunity to buy the dip. They see potential for copper prices pulling back in the next coming weeks for the following reasons:
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.
BASE METAL : MCX Nickel, Copper and Zinc All Target Hit. Copper rose to a near eight-year high during morning trading on the London Metal Exchange on Wednesday January 6 on news about an output delay from the Las Bambas mine in Peru and anticipation over the results of the Georgia run-off senate elections.
Copper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai
Shanghai copper prices rose to a near four-week high on Monday as supply worries rose following a fall in inventories and suspension of operations in major producer nations.
Base Metal Prices Forecast
Base metal: Base metals Trend sideways. MCX Copper may test Rs 440 while taking support near Rs 440 on MCX.
Red Alert BASE METALS : MCX Zinc, Lead, Aluminum and Copper Main Kohram Machega | Neal Bhai MCX ZINC : 174 OR 212 ????? MCX LEAD : 152 OR 182 ????? MCX ALUMINUM : 134 OR 162 ????? MCX COPPER : 427 OR 485 ???? “No Magic, No Miracle, Just Power of Level” Neal Bhai …