MCX Copper Likely To Trade Between 390-415.2 Levels

Technically MCX Copper is getting support at 395.2 and below same could see a test of 390 levels and resistance is now likely to be seen at 407.8, a move above could see prices testing 415.2.

Copper on MCX settled down 1.84% at 400.30 after the report that China’s economic growth could fall below 6.5 percent in the fourth quarter as companies face increased difficulties, while prices recouping some of the previous session's deep losses although concerns over economic growth in top consumer China kept a lid on prices. 

Today LME copper rose 0.5 percent to $5,873 a tonne having slid more than 2 percent in the last session. The most-traded copper contract on the Shanghai Futures Exchange fell 1.3 percent to 47,300 yuan ($6,880.00) a tonne.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-2428906 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717