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  • 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 dip 1% to Rs 711 per kg, experts suggest 'buy on dip' strategy Apr 16, 2021 08:01 PM IST

    Copper futures dip 1% to Rs 711 per kg, experts suggest 'buy on dip' strategy

    MCX Copper April has given a breakout of its range-bound movement where it is moving towards its all-time high level of Rs 737 level indicating a strong uptrend in the counter.

  • 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 0.54% to Rs 686.10 per kg on China concern Apr 12, 2021 08:17 PM IST

    Copper futures slip 0.54% to Rs 686.10 per kg on China concern

    The non-ferrous metal has been trading higher than 20, 50, 100 and 200 days' moving averages but lower than the 5-day moving average on the daily chart. The Relative Strength Index (RSI) is at 55.07 which indicates bullish momentum in 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 up 0.7% to Rs 694.15 per kg on weak dollar; sentiments positive Apr 08, 2021 07:57 PM IST

    Copper futures up 0.7% to Rs 694.15 per kg on weak dollar; sentiments positive

    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 60.15 which indicates bullish 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.

  • Commerce ministry makes import registration compulsory for several aluminium, copper products Apr 04, 2021 02:40 PM IST

    Commerce ministry makes import registration compulsory for several aluminium, copper products

    The system will be effective from April 12 this year and the facility of online registration will be available with effect from April 5.

  • Copper futures flat at Rs 668.05 per kg as dollar retreats Apr 01, 2021 08:02 PM IST

    Copper futures flat at Rs 668.05 per kg as dollar retreats

    The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart. The Relative Strength Index (RSI) is at 48.23 which indicates sideways momentum in prices.

  • 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.

  • Copper futures firm at Rs 668.70 per kg on lower inventories Mar 24, 2021 06:47 PM IST

    Copper futures firm at Rs 668.70 per kg on lower inventories

    The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart.

  • Copper futures slip nearly 1% to Rs 671.15 per kg on weak demand, firm dollar; further downside likely Mar 23, 2021 06:59 PM IST

    Copper futures slip nearly 1% to Rs 671.15 per kg on weak demand, firm dollar; further downside likely

    The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart. The Relative Strength Index (RSI) is at 49.28 which indicates sideways momentum in prices.

  • Copper futures drop 0.19% to Rs 674 per kg on higher inventory Mar 22, 2021 07:04 PM IST

    Copper futures drop 0.19% to Rs 674 per kg on higher inventory

    Speculators cut their net long US copper positions by 6,651 contracts to 44,570 in the week to March 16, according to US CFTC data.

  • Copper futures fall 0.28% to Rs 674 per kg on weak demand, firm dollar Mar 18, 2021 07:40 PM IST

    Copper futures fall 0.28% to Rs 674 per kg on weak demand, firm dollar

    The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than the 20 and 5 days’ moving average on the daily chart.

  • Copper futures fall nearly 1% to Rs 672.30 per kg on higher inventory Mar 16, 2021 07:13 PM IST

    Copper futures fall nearly 1% to Rs 672.30 per kg on higher inventory

    MCX Copper price is expected to trade in a bearish trend with strong resistance at Rs 677 level and intermediate resistance at Rs 674 level, said Motilal Oswal.

  • Copper futures slips 0.29% to Rs 678 per kg; speculators cut net long positions Mar 15, 2021 04:41 PM IST

    Copper futures slips 0.29% to Rs 678 per kg; speculators cut net long positions

    Patel expects the base metal to trade sideways to lower for the week with MCX Copper support at Rs 670 and resistance at Rs 689.

  • Copper futures drop 1.07% to Rs 677 per kg on weak demand Mar 12, 2021 07:14 PM IST

    Copper futures drop 1.07% to Rs 677 per kg on weak demand

    The base metal has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart.

  • Copper prices to hit record high in next 12 months, China's Maike says Mar 10, 2021 07:51 PM IST

    Copper prices to hit record high in next 12 months, China's Maike says

    Benchmark prices for copper, widely used in power and construction, hit a 9-1/2 year high of $9,617 a tonne on the London Metal Exchange on February 25, within striking distance of the all-time peak of $10,190 set in 2011, partly driven by optimism over coronavirus-related fiscal stimulus.

  • Copper futures down over 2% at Rs 681.90 per kg, experts expect further downside Mar 09, 2021 07:04 PM IST

    Copper futures down over 2% at Rs 681.90 per kg, experts expect further downside

    MCX Copper March could see some sideways momentum near its 21-Daily Moving Average at Rs 678 level below which could see a downside move up to Rs 673-665 levels whereas resistance is at Rs 683-688 levels.

  • Commodity market rally can disturb the equity market party Feb 24, 2021 09:59 AM IST

    Commodity market rally can disturb the equity market party

    High commodity prices may not be passed on, having a severe effect on the bottomlines of many companies

  • Copper futures pare gains on profit-booking after hitting fresh high of Rs 725.80 per kg Feb 23, 2021 07:24 PM IST

    Copper futures pare gains on profit-booking after hitting fresh high of Rs 725.80 per kg

    The base metal is getting support from upbeat macros as well as fundamental factors.

  • World shares dip as bond yields, commodities surge Feb 22, 2021 06:58 PM IST

    World shares dip as bond yields, commodities surge

    Bonds have been bruised by the prospect of a stronger economic recovery and greater borrowing as President Joe Biden's $1.9 trillion stimulus package progresses.

  • MCX Copper hits lifetime high of Rs 717.20 per kg on firm demand; LME Copper surges above $9,000 tonne Feb 22, 2021 03:28 PM IST

    MCX Copper hits lifetime high of Rs 717.20 per kg on firm demand; LME Copper surges above $9,000 tonne

    The fundamental outlook for copper is extremely bullish with no evidence that current price levels are yet stimulating softening effects to reverse both spot and forward fundamental tightening trend, says Motilal Oswal.

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