copper news
MCX Copper Trading Zone Key Between 366-375
Gold Silver Reports — Technically Copper market is getting support at 368 and below same could see a test of 366 level, And resistance is now likely to be seen at 373, a move above could see prices testing 375.
Copper MCX Trading Levels Between 354—370
Gold Silver Reports — Technically Copper market is under short covering as market has witnessed drop in open interest by 7.23% to settled at 16868 while prices up 2.9 rupees.
Copper Derails as Shorting Continues
Gold Silver Reports — Domestic Copper prices faced the heat of events turning soar for bulls. The prices of MCX Copper declined by 1.26% to trade at Rs 368.50 per kg. Copper dipped to Rs 368 per kg on the evening session and tested a high of Rs 372.40 per kg on the higher side.
Copper Depressed By Sharp Downtrend
Gold Silver Reports ✅ — The prices of Copper were yet again depressed by renewed selling pressure. This decline is actually a extension of what was seen in Copper last day. The pressure also ignited as weekend is round the corner. Squaring off long positions continue with simultaneous building of short positions.
Copper Keeps Charming Traders and Investors
Gold Silver Reports ✅ — LME Copper prices averaged at $ 5644 per tonne by the end of March 2017 against $ 4942 per tonne by the end of March 2016, up 14.2% on a year on year basis. Meanwhile, losses of 5% were registered on a year on year basis from $ 5941.55 per tonne during February 2017.
MINE SHUTDOWNS AND RESUMPTIONS KEEP COPPER TRADERS INTERESTED
Gold Silver Reports — A bunch of news in Copper arena has made the contacts quite intesreting. Speculative activity is on the rise. Grasberg has begun a staged restart of operations. With production of copper concentrate expected to steadily rise as the mine gets back up and running.
COPPER HIT ONE WEEK LOW AFTER STRIKE RESOLUTION TALKS RESUME
Gold Silver Reports – Copper has hit a one-week low as talks to resolve a strike at the worlds biggest copper mine in Chile were set to resume and production at another huge mine in Indonesia restarted. Perus copper production rose 24.8 per cent in January from the same month a year earlier while zinc output increased 11.3 per cent.