Dec 01, 2016 05:49 PM IST 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 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.
For all commodities report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.