MCX Copper Target For Today: MCX Copper price yesterday settled by 0.83% at 706.35 as strong Chinese inflation data raised fears that the world’s biggest metals consumer will tighten monetary policy, though expected supply tightness kept prices on course for a weekly gain.
MCX Copper Tips for Today: Sell Copper Call Hit 692.70 To 689 | Neal Bhai Reports (Best MCX Tips Provider) – 9899900589 & 9582247600
Will copper prices go up in 2021? Copper Prices has witnessed phenomenal price appreciation since March 2020 when the pandemic surged, resulting in worldwide lockdowns. The metal has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields.
Copper Technical Analysis May Point to Short-Term Correction : Copper has been the stand out commodity (metals) in terms of price action these past few weeks with multi-year highs being breached.
Traders are taking bets [buying calls] on the London Metal Exchange (LME) that copper prices will hit $12,000 per tonne by December.
Copper Forecast : Copper Picks up Momentum : Copper (LME) is picking up momentum and the long-term outlook stays clearly bullish. Analyst team targets the $8895 neighborhood.