Tuesday, December 28, 2010

Copper Likely To Move Up

Copper touched record highs in beginning of the week as stock continued to shrink in international market.  Lower stockpiles are adding to signs that demand remains steady amid concerns that the global economy may be slowing. 
On Tuesday, Copper December delivery climbs to 430.85 per kilogram, increased by 0.10 percent with total volume of 19652 lots at Multi Commodity Exchange (MCX). 

Industrial metal prices are trading with positive bias on international market today. “Copper is expected remain in safe side for the day. Price is expected to correct for higher levels but still this correction in price can be consider as buying opportunity for longs.


Posted By Commodity MCX Tips