Gold Silver Reports — The International Copper Study Group (ICSG) published the latest monthly report showed in December 2016, global copper supply surplus of 17000 tons, the total shortage of 5,500 tons in whole year, was below the supply shortages of 164000 tons for 2015. ICSG data showed that in December last year, the mine produced 1.771 million tons, global mine production capacity reached 2.035 million tons, mining capacity utilization rate was 87%.
copper
Mcx Copper Tips, Copper / Nickel, copper, Copper, Free Mcx Copper Tips – Free Copper Market Calls & Trend Target Today. Copper Metal Commodity Trading Free tips from Tips Provider and Experts Advise in India. Get Free copper trading tips from Experts. Mcx Copper Calls with Intraday Trading tips for Today Commodity of India. Today intraday MCX Nickel Commodity Trading Calls from Online Expert Tips Provider with Nickel Live rate chart for today. mcx tips, mcx copper tips today, mcx copper trend, free mcx nickel tips, copper tips plant, mcx zinc tips, mcx live commodities tips, mcx copper tips, mcx copper tips today, mcx copper tips free trial, mcx copper tips free, mcx copper tips only, copper support and resistance levels, copper
COPPER LOWER AFTER ESCONDIDA STRIKE GETS RESOLVED
Gold Silver Reports — MCX Copper slipped today following resumption of operations at a key global mine. The strike at Chiles Escondida, the worlds largest copper mine, is ending after workers decided to invoke a rarely used legal provision that allows them to extend their old contract, the union said on Thursday. The strike halted operations for more than 40 days.
GLOBAL COPPER SUPPLY IN SURPLUS OF 17000 TONNES IN DECEMBER 2016
Gold Silver Reports — The International Copper Study Group (ICSG) published the latest monthly report showed in December 2016, global copper supply surplus of 17,000 tons, the total shortage of 5,500 tons in whole year, was below the supply shortages of 164,000 tons for 2015.
COPPER DOWN, TRADERS EYE ESCONDIDA STRIKE
Gold Silver Reports — COMEX Copper prices slipped around 1% on Monday as worries about demand from top consumer China were reinforced by expectations of ample supplies and higher inventories in exchange-monitored warehouses. Poor speculative buying at elevated prices also remained a concern.
Copper Speculative Longs Near Five Month Low
Gold Silver Reports — Copper Speculative Longs Near Five Month Low — Large speculators and traders continued to cut their net positions in the copper futures markets last week for a sixth consecutive week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
MCX Copper Support Zone at 382
Gold Silver Reports — Technically Copper market is under short covering as market has witnessed drop in open interest by 1.99% to settled at 15928 while prices up 1.3 rupees.
Now MCX Copper is getting support at 383.8 and below same could see a test of 380.6 level, And resistance is now likely to be seen at 389.5, a move above could see prices testing 392.
Copper MCX Day Trading Zone 380—392
Technically Copper market is getting support at 383 and below same could see a test of 380 level, And resistance is now likely to be seen at 389, a move above could see prices testing 392.