Commodity markets face very rocky terrain over the second half after their trial by pandemic in the opening six months. With the third quarter starting next week, What to Watch runs the slide rule over a clutch of the major raw materials — including oil, copper, iron ore and gold — to assess pitfalls and prospects. The mixed picture suggests being selective is key.
BUY COPPER at CMP 371.10 For Target 373.20 – 374.80 with SL Below PAID
Copper prices have been edging higher from over 2-year lows of 2.480 hit on Sept 3rd trade.
Major trend is bearish, but signs of recovery seen. Price has bounced off lower Bollinger band on the weekly charts.
Mcx copper future in this week closed with huge gains on recovery. This week copper rallied from 432 rupees to 445+ highs. Means 13 rupees gain and strong closing.
MCX Trading Tips
MCX COPPER – SHORT TERM VIEW
ADVANCE VIEW ON THE BASIS OF TECHNICAL CHARTS
SHORT TERM चार्ट पर MCX COPPER BUY ZONE मैं ट्रेड कर रहा है।