COMMODITIES -DAILY COPPER MARKET TECHNICAL REPORT


Copper trading range for the day is 320.8-327.Copper prices are expected to trade side ways to positive from 421 – 428.One can buy with a stoploss below 419.

Copper on MCX settled up 0.48% at 324.35 as the dollar softened and China's property boom also lent support to prices. A real estate boom and stronger than expected factory activity over summer has brightened the outlook for metals, with copper also finding support from earlier than expected consumer restocking. Three-month copper on the London Metal Exchange erased early losses to edge up 0.1 % to $4,782.50. Prices are within reach of fresh highs above $4,794.50, a three-week top hit last week. Yesterday prices moved in the range with volumes remain low – investors are holding fire of central bank meetings in the US and Japan this week.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.

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