COPPER RECOVERS ON INFRASTUCTURE PLANS OF US

Gold Silver Reports — Following two sluggish years, copper finally effected a late recovery in 2016. Optimism over President Trumps $500 billion infrastructure plans drove the metal upward. Meanwhile, encouraging economic data from the second biggest economy and the largest copper consumer China have raised expectations of higher demand for the commodity, which in turn have led to an increase in prices. Additionally, continued workers strikes at major copper mines have also helped price escalation.

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Copper MCX Day Trading Zone 380—392

Copper MCX Day Trading Zone 380—392Technically Copper market is getting support at 383 and below same could see a test of 380 level, And resistance is now likely to be seen at 389, a move above could see prices testing 392.

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