Market Update

Market Watch

Wednesday, 11 December 2013

MCX Recent News: Copper Swings Due to Seasonal Demand

Copper troubles between gains and losses as investors weighed economic growth in China, the world’s biggest consumer, against waning seasonal demand.

Copper prices were likely to find support at USD3.231 a pound, the low from December 9 and resistance at USD3.270 a pound, the high from November 24.

Trend: Consolidate | Strategy: Sell on High
R1- 453, R2- 463 | S1-442, S2- 434

Today’s MCX Market Highlights
•Gold capped the biggest advance since mid-October
•Silver futures for March delivery climbed 3.1 percent
•Crude traded near the highest price
•Copper consolidate near high
•Zinc lead move up almost 1% on Thursday
•Natural gas slide from recent high

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  1. The Asian markets have opened on a mixed note even after US equities closed higher overnight. SGX Nifty is trading @ 9885 up by 10 Points.capitalstars

  2. Erdogan tells Turks to buy crumbling lira as Trump turns the screws.