Moneycontrol
Dec 02, 2016 11:57 AM IST IST | Source: Moneycontrol.com

Copper to trade in range of 392.3-408.1 : Achiievers Equities

According to Achiievers Equities, Copper settled flat as speculative positions started to unwind on doubts about the sustainability of a post U.S. election rally.


Achiievers Equities' report on Copper

Copper trading range for the day is 392.3-408.1.


Copper settled flat as speculative positions started to unwind on doubts about the sustainability of a post U.S. election rally.


Data showed China's factory activity expanded modestly in November, while inflationary pressures showed signs of building.


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

SELL COPPER FEB BELOW 398 SL ABV 402.20 TGT 395.40-392.20. MCX.

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