COPPER CME CREATE Inverse Head and Shoulders Pattern
Copper Report
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 CMP 457.60 SELL SELL 500—1000 Lots, Big Target – Need Patience
Gold Silver Reports – ✅ Technically Copper market is under long liquidation as market has witnessed drop in open interest by 7.77% to settled at 15540 while prices down 4.7 rupees.
Copper Rally Is Longest in a Generation
Gold Silver Reports- Copper is on a run that’s set to be the best in almost 30 years. The metal is on course for the longest winning streak since 1989, topping $7,300 a metric ton in London, on optimism about increased demand, supply disruptions in China and a weaker dollar.
Copper Supported On Economic Momentum
Gold Silver Reports — The COMEX Copper futures hit their five month highs near $2.75 per pound amid supportive cues from equities and strong economic momentum.
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.