Copper Prices CMCU3 Have Extended Their Sharp Recovery

Copper Technical Analysis

Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.

Read moreCopper Prices CMCU3 Have Extended Their Sharp Recovery

Copper Prices CMCU3 Have Extended Their Sharp Recovery via @goldsilverrepor

Buy Copper MCX Apr at 404.50 —404 Target 406—408 Stop Loss Paid

MCX Copper Tips Today
Buy Copper MCX Tips Apr at 404.50 — 404 Target 406—408

🌟🌟🌟🌟🌟 China cut its benchmark one-year loan prime rate (LPR) by 20 basis points (bps) to 3.85%, while the five-year LPR was cut by 10 bps to 4.65%, in line with market expectations.

Read moreBuy Copper MCX Apr at 404.50 —404 Target 406—408 Stop Loss Paid

Buy Copper MCX Apr at 404.50 —404 Target 406—408 Stop Loss Paid via @goldsilverrepor

Copper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai

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.

Read moreCopper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai

BASE METAL TIPS – Copper Prices OutLook: Net Longs in the Industrial Metal Grew Slightly

Copper Prices

Base Metal TipsCopper 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.

Read moreBASE METAL TIPS – Copper Prices OutLook: Net Longs in the Industrial Metal Grew Slightly

BASE METAL TIPS – Copper Prices OutLook: Net Longs in the Industrial Metal Grew Slightly via @goldsilverrepor

MCX Copper (Oct) Weaker Below ₹455, Any Rise Fresh Selling; Down Side Support ₹430

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.

Read moreMCX Copper (Oct) Weaker Below ₹455, Any Rise Fresh Selling; Down Side Support ₹430

MCX Copper Tips Rocking 446 To 441.05 – Copper Melt Like ICE

MCX Copper Tips

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.

Read moreMCX Copper Tips Rocking 446 To 441.05 – Copper Melt Like ICE

MCX Copper Tips Rocking 446 To 441.05 – Copper Melt Like ICE via @goldsilverrepor