Copper Updates and Trend For Today

Copper has recovered. Copper price has risen to Rs 413.50 on MCX and now heading towards 414.50 level.  Copper on the London Metal Exchange is trading up nearly 1 percent, and prices are close to 7,900 dollars per tonne. The opening stock of Copper in London Metal Exchange warehouse was 358 250 tonnes which is 6,000 tonnes less than yesterday. Despite the record fall in prices in last years, the volume of copper on the London Metal Exchange rose to nearly 32 per cent.

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MCX Copper Updates : Trading Strategy For 19 July

Copper is likely to trade with positive bias on Thursday if it trades above 437 mark. If the same happens, copper may touch 440-444 levels. Negative trend is seen only below 430 level which can take copper towards 427-422 levels.
Therefore traders are advised to Buy Copper above 437 for the targets of 440-442-444 stop-loss below 430

Below 430 Sell copper targets- 427-424 .

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MCX Copper Trend Today- MCX Base metals Updates

The broad positive trend of copper MCX faced a jerk after making recent high of 427.70 . From here Copper is likely to hover between the range of 420-427 but above 428, the current bull trend can get momentum and copper might see levels like 432-435.

While below 420 copper can fall down to 415 followed by 412-409 later.

Intraday trend is likely to remain positive. traders can buy Copper in between 422-425 for the targets of 427-429 Stoploss below 420 

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MCX Copper Updates- Today's Trend

The broad rang bound sessions of 412-400 was broken out today in early session and Copper showed some good momentum. For the day we can expect some more rallies towards 415-418 followed by 425 later but some minor correction may also be encounter before big moves. To negate this bullish view copper will have to trade below 405 level.
For Intraday One may buy Copper above 412.50 For the targets of 415-418 Stoploss below 409.50

Below 409 Sell Copper For the Targets of 405

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MCX Base metals Updates- Copper Trend

Copper rose amid Chinese economic data mixed and is likely to move further up is breaches the level of 406. Above 407 Copper can test 410 level and then 412-414 levels. If it trades Below 405, a fall it 403-400 can be seen for the day.

For intraday Buy Copper futures June contract above 406.50 for the targets of 407.50-409.00 Stoploss 405.50.

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