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.
COPPER (FEB)
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
Get more updates
on MCX and Commodity Market with high accuracy @ www.capitalheight.com.
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
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