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.
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 Tips – Copper Prices: Net longs in the industrial metal grew slightly as funds marginally cut back on their short positions by 1%. However, copper could be starting to top out as investors refrain from taking up fresh longs.
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BASE METAL TIPS – MCX Copper settled down 0.11% at 440.85 as China’s factory activity is expected to have contracted for a fifth straight month in September. Pressure also seen after the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.
MCX Copper Tips – MCX Copper settled down 0.93% at 443.4 as the market awaited news from the US-China trade talks. The steady economic growth pace in the United States was also underscored by other data showing home resales rising in August to a 17-month high.
घरेलू बाजारों में ताजा स्थिति के बीच सटोरियों की लिवाली से बुधवार को वायदा कारोबार में सोने का भाव 0.03 प्रतिशत बढ़कर 31,425 रुपये प्रति 10 ग्राम हो गया।
The way in the commodity market is clear about the investment of mutual funds. SEBI has set guidelines for this. Under this, funds are allowed to invest in commodity futures. In addition, Gold ETFs have also been included as derivatives products.
Base metal: Base metals Trend sideways. MCX Copper may test Rs 440 while taking support near Rs 440 on MCX.