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  • Copper prices slide below $9,100/tonne; correct over 15% from lifetime high Jun 21, 2021 05:36 PM IST

    Copper prices slide below $9,100/tonne; correct over 15% from lifetime high

    The momentum indicator Relative Strength Index (RSI) is at 31.14, which indicates a bearish movement in prices.

  • Copper price jumps as investors lap inventory at lower level, dollar slips Jun 04, 2021 07:26 PM IST

    Copper price jumps as investors lap inventory at lower level, dollar slips

    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.

  • Copper price tumbles on weak demand prospect, firm dollar; gives negative breakout Jun 03, 2021 07:27 PM IST

    Copper price tumbles on weak demand prospect, firm dollar; gives negative breakout

    MCX Copper has given a negative breakout from the rising trend line channel, price is expected to trade negatively, said Axis Securities.

  • Copper prices subdued after touching resistance zone; lower inventory and weaker dollar lend support Jun 01, 2021 08:10 PM IST

    Copper prices subdued after touching resistance zone; lower inventory and weaker dollar lend support

    The momentum indicator Relative Strength Index (RSI) is at 57.18, which indicates a mildly bullish movement in prices.

  • Copper price climbs above $10,000/tonne as chances of PBOC policy tightening subsides May 27, 2021 09:35 PM IST

    Copper price climbs above $10,000/tonne as chances of PBOC policy tightening subsides

    Revival in global economies amid stalled industrial activities in the virus struck nations boosted the demand for Chinese products in the overseas markets.

  • Copper settles below $10,000/tonne, dives 4.3% for the week; forms Bearish Shooting Star Candlestick on weekly chart May 22, 2021 04:11 PM IST

    Copper settles below $10,000/tonne, dives 4.3% for the week; forms Bearish Shooting Star Candlestick on weekly chart

    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.

  • Copper drops below $10,000/tonne as investors turn cautious on metal space May 21, 2021 09:18 PM IST

    Copper drops below $10,000/tonne as investors turn cautious on metal space

    MCX Copper has been trading with negative bias and price breached major support of Rs 753 - Rs 749 levels and are trading below them.

  • Copper eases for 2nd day from record highs, to trade in bearish trend in evening session May 20, 2021 08:28 PM IST

    Copper eases for 2nd day from record highs, to trade in bearish trend in evening session

    LME supplies for copper are in marginal surplus for the day which may support the bearish move.

  • Copper prices soar on supply disruption, lower inventory; speculator cut net long positions May 17, 2021 09:45 PM IST

    Copper prices soar on supply disruption, lower inventory; speculator cut net long positions

    LME supplies for copper are in deficit for the day which may strengthen the bull run.

  • Copper rally pauses on increase in margin, firm dollar; experts suggest buy-on-dip strategy for investors May 16, 2021 06:07 PM IST

    Copper rally pauses on increase in margin, firm dollar; experts suggest buy-on-dip strategy for investors

    The only question for investors is whether China will introduce measures to curb higher prices.

  • Copper price eases on profit booking, tightening credit in China May 14, 2021 07:41 PM IST

    Copper price eases on profit booking, tightening credit in China

    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.

  • Copper hits all-time high levels on rising demand, forms cup and handle chart pattern May 08, 2021 08:53 PM IST

    Copper hits all-time high levels on rising demand, forms cup and handle chart pattern

    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.

  • Copper in unchartered territory as price hits lifetime on LME, COMEX and MCX on surging demand May 07, 2021 09:46 PM IST

    Copper in unchartered territory as price hits lifetime on LME, COMEX and MCX on surging demand

    A steady decline in the Copper inventories in the LME monitored warehouse further signalled towards a tighter market which further strengthened the prices.

  • MCX Copper nears lifetime high, LME surges above $10,000/tonne on resumption in economic activity May 06, 2021 07:23 PM IST

    MCX Copper nears lifetime high, LME surges above $10,000/tonne on resumption in economic activity

    The reopening of economies and speculative buying was the trigger for the move higher.

  • Copper price rises on stronger economic outlook and demand prospects May 03, 2021 08:03 PM IST

    Copper price rises on stronger economic outlook and demand prospects

    Copper prices continued upside despite a boost in output from major mine and a rise in Shanghai inventories.

  • Copper heads toward fresh all-time high on bullish momentum, surges 2% to Rs 753.95/kg on MCX May 01, 2021 06:29 PM IST

    Copper heads toward fresh all-time high on bullish momentum, surges 2% to Rs 753.95/kg on MCX

    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.

  • Copper prices hit fresh lifetime high of Rs 754.20 per kg on green infrastructure push Apr 26, 2021 08:02 PM IST

    Copper prices hit fresh lifetime high of Rs 754.20 per kg on green infrastructure push

    Copper prices traded higher, underpinned by spending on green infrastructure and a weaker dollar.

  • MCX Copper rises for second consecutive week, price in uncharted territory; check outlook & strategy for next week Apr 24, 2021 03:52 PM IST

    MCX Copper rises for second consecutive week, price in uncharted territory; check outlook & strategy for next week

    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.

  • MCX Copper climbs 3% to Rs 709.5 per kg this week, experts suggest buy-on-dips strategy Apr 17, 2021 04:26 PM IST

    MCX Copper climbs 3% to Rs 709.5 per kg this week, experts suggest buy-on-dips strategy

    "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.

  • Copper futures gain 1.64% to Rs 717.95 per kg on falling mines supply, firm demand Apr 15, 2021 08:11 PM IST

    Copper futures gain 1.64% to Rs 717.95 per kg on falling mines supply, firm demand

    Supply worries arising from major Copper producing nations amid a weaker US Dollar has painted a favourable picture for the red metal prices.

  • Copper futures slip 0.50% to Rs 692.30 per kg on firm US dollar Apr 09, 2021 08:36 PM IST

    Copper futures slip 0.50% to Rs 692.30 per kg on firm US dollar

    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.

  • Copper futures jump 2.34% to Rs 685.05 per kg on feedstock shortage concerns Apr 05, 2021 07:38 PM IST

    Copper futures jump 2.34% to Rs 685.05 per kg on feedstock shortage concerns

    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.

  • Copper price flat for the week at Rs 669.25 per kg; check outlook and strategy for the coming week Apr 04, 2021 08:10 PM IST

    Copper price flat for the week at Rs 669.25 per kg; check outlook and strategy for the coming week

    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.

  • Copper futures up 1.05% to Rs 663.95 per kg on positive global cue, rally in equity market Mar 26, 2021 08:15 PM IST

    Copper futures up 1.05% to Rs 663.95 per kg on positive global cue, rally in equity market

    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.

  • Copper futures slip on demand concerns, stronger dollar; experts expect further downside Mar 25, 2021 06:27 PM IST

    Copper futures slip on demand concerns, stronger dollar; experts expect further downside

    The Relative Strength Index (RSI) was at 42.88 indicating a bearish momentum in prices.

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