copper forecast
![When to Buy MCX Copper According to Technical Analyst Neal Bhai [09 October 2024]](https://www.goldsilverreports.com/wp-content/uploads/2022/02/MCX-Copper-Tips-By-Neal-Bhai.webp)
Copper Demand Continues to Outstrip Supply | Neal Bhai
Copper Demand: In the late-August copper price forecast update it was noted that “the shifting narrative around the supply-demand picture has created an opportunity whereby copper traders may be able to retake the pandemic uptrend, which would keep intact the prospect of a multi-month bull flag forming – and if viable, another jaunt to all-time highs.”
India Brass, Copper Scrap Prices Show Uptrend; Copper Futures slightly down
Gold Silver Reports – India Brass, Copper Scrap Prices Show Uptrend; Copper Futures slightly down — India’s major brass and copper scrap commodities prices showed an uptrend on the Scrap Register Price Index as on Friday, while copper futures prices at India’s Multi Commodity Exchange settled down as the dollar rose after US jobs growth surged in January and wages rose, recording their largest annual gain in more than 8-1/2 years.
Copper Producers Switch to Provisional Pricing; Aim to Avoid Losses
Gold Silver Reports – Copper Producers Switch to Provisional Pricing; Aim to Avoid Losses — In a major shift in strategy, downstream copper producers (manufacturers of wires, cables, pipes and tubes, etc.) have started fixing their product prices on provisional basis, a practice similar to primary metal producers.
Free MCX Nickel Tips, Above 845 Buy Every Dips Target 905—940
Gold Silver Reports – Free MCX Nickel Tips, Above 845 Buy Every Dips Target 905—940 — Technically Nickel market is under long liquidation as market has witnessed drop in open interest by 32.11% to settled at 6764 while prices down 27.6 rupees.
Copper MCX Sell on Rise, Resistance Key 452 Target 440—437
Gold Silver Reports – Copper MCX Sell on Rise, Resistance Key 452 Target 440—437 – Technically Copper market is under fresh selling as market has witnessed gain in open interest by 48.95% to settled at 16998.
Copper MCX Sell on Rise, Downside Target 449—444
Gold Silver Reports – Copper MCX Sell on Rise, Downside Target 449—444 – Technically Copper market is under fresh selling as market has witnessed gain in open interest by 6.85% to settled at 12282 while prices down 2.25 rupees.
Copper MCX Sell on Rise, Trading Zone Between 432—448 Levels
Gold Silver Reports – Technically Copper MCX market is getting support key at 436 and below same could see a test of 432 levels and resistance key is now likely to be seen at 445, a move above could see prices testing 448.
Copper Trumps Politics as Investors Take Shine to Zambian Assets
Gold Silver Reports — Investors are overlooking Zambia’s political risk and buying the nation’s assets as the price of copper, its biggest export, rises.
Copper MCX Intraday Trading Zone Between 358-378
Gold Silver Reports — Technically Copper market is getting support key at 362 and below same could see a test of 358 level, And resistance key is now likely to be seen at 372, a move above could see prices testing 378.