Friday, 5 February 2016

Live Mcx Market News On Copper

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Copper settled up 1.11% at 319.20 as tumble in the dollar spurred interest in commodities, including oil that prompted investors shorting the market to close their positions ahead of the Lunar New Year holiday. Financial speculators in copper such as hedge funds have been strongly bearish on the market since early November, amid signs of weakening economic growth around the world

Trading Ideas:
Copper trading range for the day is 314.1-322.5.
Copper gained as tumble in dollar spurred interest prompted investors shorting the market to close their positions ahead of the Lunar New Year holiday.
China's copper imports surged by 18 percent in December and reached another record high last year.
Support seen as investors dumped the dollar amid falling interest-rate expectations in the U.S. and continued nervousness about the global economy
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1 comment:

  1. Unknown29 April 2016 at 12:10

    The given copper updates are beneficial for the MCX traders and if you want instant market updates then Epic Research investment advisory is a right choice.

    ReplyDelete

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