MCX Copper Analysis: Copper prices fell on Monday from their highest levels in nearly seven months, as subdued physical demand and a global economic downtrend weighed on prices.
copper commodity price
Copper fell for the third consecutive day since August 2021
Copper Forecast Today: Copper futures on COMEX stand on slippery grounds near $4.00, poking the lowest levels since August 2021, as economic fears weigh on the industrial metal during early Monday in Europe.
MCX Copper Prices will Cross 1,000++ Very Soon – Neal Bhai
MCX Copper Prices will Cross 1,000++ Very Soon: China credit data coupled with some positives from the property sector have pushed the red metal out of its recent boring range.
MCX Copper Tips Today: Copper Pani Pani Low 718.80 – Copper Under Selling Zone
Copper Spread Widens to Most in More Than 25 Years on Supply Squeeze
The copper market is so tight that spot contracts traded at the biggest premium over futures in at least 27 years in London.
Copper Set to Rule Around $10,000 a Tone in The Short-Term | Neal Bhai
Copper prices are set to rule firm around $10,000 a tonne in the short-term as inventories have hit a record low following production cuts in the wake of power crunch in Europe and China despite a drop in manufacturing activities.
Copper MCX Analysis : Copper Above 795 Target 818——838 | Neal Bhai
Copper is continuing a steady march higher despite the US Dollar strengthening today. It is approaching all-time highs on a run down in inventory, as energy costs hinder production capacity. After rallying 10% last week, Comex futures are trading 1% higher in Asia ahead of the London Metals Exchange (LME) opening.