Nov 30, 2016 05:44 PM IST IST | Source: Moneycontrol.com

Copper to trade in 384.4-402 range: Achiievers Equities

According to Achiievers Equities, Copper prices dropped as profit-taking continues and global risk-on sentiment pauses.


Achiievers Equities report on Copper

Copper

Copper trading range for the day is 384.4-402.

Copper prices dropped as profit-taking continues and global risk-on sentiment pauses.

China’s imports of refined copper tumbled by 44.7 per cent year-on-year to 189,812 tonnes in October, a new low in three and a half years.

Despite a year-on-year drop in October, imports totaled 2.99 million tonnes from January to October, up 3.32 per cent year-on-year.

SELL COPPER NOV BELOW 390 SL ABV 394.80 TGT 387.20-384.40. MCX.

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