Jun 21, 2021 05:36 PM IST
The momentum indicator Relative Strength Index (RSI) is at 31.14, which indicates a bearish movement in prices.
- Jun 04, 2021 07:26 PM IST
The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than the 5 and 20 days’ moving average on the daily chart.
- Jun 03, 2021 07:27 PM IST
MCX Copper has given a negative breakout from the rising trend line channel, price is expected to trade negatively, said Axis Securities.
- Jun 01, 2021 08:10 PM IST
The momentum indicator Relative Strength Index (RSI) is at 57.18, which indicates a mildly bullish movement in prices.
- May 27, 2021 09:35 PM IST
Revival in global economies amid stalled industrial activities in the virus struck nations boosted the demand for Chinese products in the overseas markets.
- May 22, 2021 04:11 PM IST
Purohit believes that the demand for the copper is coming down and supply are coming strongly and China’s efforts to curb raw material prices.
- May 21, 2021 09:18 PM IST
MCX Copper has been trading with negative bias and price breached major support of Rs 753 - Rs 749 levels and are trading below them.
- May 20, 2021 08:28 PM IST
LME supplies for copper are in marginal surplus for the day which may support the bearish move.
- May 17, 2021 09:45 PM IST
LME supplies for copper are in deficit for the day which may strengthen the bull run.
- May 16, 2021 06:07 PM IST
The only question for investors is whether China will introduce measures to curb higher prices.
- May 14, 2021 07:41 PM IST
Copper prices fell on Friday, with the London contract set for its first weekly decline in more than a month, on worries of tightening credit that could potentially cap demand for the metal.
- May 08, 2021 08:53 PM IST
Copper future has formed a cup and handle chart pattern on the daily chart and the price has remained in quite bullish suggestion for the coming week.
- May 07, 2021 09:46 PM IST
A steady decline in the Copper inventories in the LME monitored warehouse further signalled towards a tighter market which further strengthened the prices.
- May 06, 2021 07:23 PM IST
The reopening of economies and speculative buying was the trigger for the move higher.
- May 03, 2021 08:03 PM IST
Copper prices continued upside despite a boost in output from major mine and a rise in Shanghai inventories.
- May 01, 2021 06:29 PM IST
Sentiment is likely to be positive in base metals, copper & nickel in particular due to rising Chinese demand, weaker US dollar and continued stimulus support.
- Apr 26, 2021 08:02 PM IST
Copper prices traded higher, underpinned by spending on green infrastructure and a weaker dollar.
- Apr 24, 2021 03:52 PM IST
Domestically, MCX Copper May is trading at an all-time high 736.80 level indicating a strong bullish momentum where prices have shifted to a new range zone as prices are in uncharted territory.
- Apr 17, 2021 04:26 PM IST
"For next week, the outlook is positive but we recommend to go long on dip on MCX. The price of Rs 700- Rs 699 will act as support for the April contract and on the flip side, it can go up to Rs 720- Rs 730," said Jigar Trivedi, Research Analyst- Commodities Fundamental at Anand Rathi Shares & Stock Brokers.
- Apr 15, 2021 08:11 PM IST
Supply worries arising from major Copper producing nations amid a weaker US Dollar has painted a favourable picture for the red metal prices.
- Apr 09, 2021 08:36 PM IST
The non-ferrous metal has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 60.01 which indicates positive momentum in prices.
- Apr 05, 2021 07:38 PM IST
The price is trading firm on concern over limited supplies of refined copper after data showed a fall in global smelting activity owing to a shortage of feedstock.
- Apr 04, 2021 08:10 PM IST
Copper prices were under some pressure for March month with higher dollar and spiking US bond yields, but losses were capped by supply worries fuelled by shortages of concentrates.
- Mar 26, 2021 08:15 PM IST
The red metal prices in LME gained on Friday, tracking gains in the equities market lifted by hopes of global economic recovery on positive US labour data and its faster-than-expected COVID-19 vaccination roll-out plans.
- Mar 25, 2021 06:27 PM IST
The Relative Strength Index (RSI) was at 42.88 indicating a bearish momentum in prices.