Money Market Guru — The prices of MCX Copper depleted yet again last week. Copper declined by 1.01% to end at Rs 376.80 per kg. On the higher side, Rs 379.40 per kg was noted while on the lower side, Rs 370.60 per kg was noted.
Money Market Guru — Technical Comment For The Day: Copper — The prices of MCX Copper got relief from the ongoing selling pressure on Tuesday. The benchmark expiry contract ended at Rs 376.85 per kg, gaining by 0.59%. The metal tested a high of Rs 377.25 per kg, and a low of Rs 375 per kg.
Money Market Guru — The prices of MCX Copper declined by more than 1.5% in a single session. The tormenting by bears continues in Copper and the prices have now breached all important Rs 380 per kg levels. From here the declines can take metal towards Rs 366 per kg and settled at Rs 374.85 per kg. The session on Monday saw Copper ending at Rs 374.85 per kg.
Money Market Guru — The prices of Copper were lackluster in the evening day trades on MCX. When last seen Copper was tied at Rs 383.10 per kg, down 0.25%. The prices tested a high of Rs 383.80 per kg and a low of Rs 381.40 per kg. The range bound moves are expected to continue in Copper till fresh triggers emerge.
Money Market Guru — Copper Technical Comment For The Day March 30 — Technically speaking, Copper prices are in a range bound mode. The prices are expected to move between INR 380 and 395 per kg. On the higher side, Rs 385.95 per kg was tested while on the lower side, Rs 384.20 per kg was noted.
Money Market Guru — Commitment of Traders report was released last Friday and will be critical for Copper in the coming days. The report indicates the trend for Copper that is being followed by COMEX Copper stakeholders like Merchants and Money Managers. This trend is largely used by speculators for setting the tone for the metal in coming days.
Gold Silver Reports — Benchmark Copper ended at INR 381.90 per kg during the last session on 22 March 2017. It is interesting to note that the price was able to breach INR 380 per kg and tested a high of INR 383 per kg. The low of copper was at INR 376.30 per kg.