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 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.