Copper Flashes Red as Stockpiles and Spreads Point Bearish

Copper News Today, 21 July 2023: चीनी stimulus समर्थन से अधिकांश बेस मेटल में तेजी

Gold Silver Reports – Copper Flashes Red as Stockpiles and Spreads Point Bearish – Copper is coming off the biggest one-day slump in two years and the mood in the market is souring. Even though prices are still up dramatically this year, here are four reasons traders are cautious for the future.

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Fresh Selling seen in MCX Copper

Copper

Gold Silver Reports -✅ Fresh Selling seen in MCX Copper – Technically MCX Copper is under fresh selling as market has witnessed gain in open interest by 21.15% to settled at 11984 while prices down -9.35 rupees.

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Copper May Enter Corrective Phase

Copper Prices

Gold Silver Reports — Copper May Enter Corrective Phase — Copper prices have been in a tremendous rally since bottoming out at around Rs.354 in early May, prices have since gained over 27% to reach a high of Rs.451.35 today.

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Best Run in 11 Years Beckons for Metals as China Drives Rally

Gold Silver Reports — Industrial metals including copper and aluminum are heading for the longest run of weekly gains in London in more than a decade on investor optimism driven by China, with demand holding up in the largest user just as policy makers press on with reforms that should curb supply.

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