Nov 30, 2016 12:45 PM IST IST | Source: Moneycontrol.com

Copper to trade in 395.8-408.6 range: Achiievers Equities

According to Achiievers Equities, Copper prices recovered on continued fund buying after prices seen pressure as data showed falling Chinese imports of the metal.


Achiievers Equities report on Copper

Copper

Copper trading range for the day is 395.8-408.6.

Copper prices recovered on continued fund buying after prices seen pressure as data showed falling Chinese imports of the metal.

Customs data showed China imported 189,812 tons of refined copper in October, down 45% year on year.

U.S. durable goods data showed a 4.8% jump, the highest in a year, stoking further expectations of higher demand.

BUY COPPER NOV @ 398 SL 395 TGT 402-407.50.MCX

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