Moneycontrol
Dec 01, 2016 05:49 PM IST | Source: Moneycontrol.com

Copper to trade in range of 382.9-411.9: Achiievers Equities

According to Achiievers Equities, Copper gained supported by predictions of greater demand from China and higher oil prices.



Achiievers Equities report on Copper


Copper


Copper trading range for the day is 382.9-411.9.


Copper gained supported by predictions of greater demand from China and higher oil prices.


However upside seen limited as the potential for a cash crunch in China as yuan borrowing costs in Shanghai surged to a two-month high.


Chilean government reported November 29 the country’s copper output dropped 11.1% year-on-year to 445,117 tonnes in October.


BUY COPPER FEB @ 395 SL BELOW 391.80 TGT 398.80-403.60. MCX.

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