Category Archives: Copper MCX Free Calls for Today

MCX Base Metals Trade Under Pressure Today

After boom yesterday’s MCX Base metals are trading under pressure today .However Copper has managed to make the edge.This half year copper has seen an increase at around 7 percent and its prices are at a 3-month high.

However, the best performer has proved to be a lead, because this half year has seen an increase of about 14 percent.

However today the lead is trading below 1 percent. On the MCX, Aluminum has dropped 0.1 percent to Rs 125, while Copper is growing at 0.2 percent and is looking at around Rs 385. MCX zinc is trading up 0.3% at Rs 180 today.

MCX Copper Updates > Free Trading Tips

Copper Updates : Copper prices ended with losses on rising inventories and worries over cooling demand.Inventories in LME warehouses rose nearly 33,000 tonnes, exchange data showed, bringing this weeks increase to 64,000 tonnes, or 25 percent.Copper output in Democratic Republic of Congo, hit 274,316 tonnes in the first quarter of 2017, a more than 20 percent increase over the same period last year.

Range: Copper trading range for the day is 351.9 to 366.3.

Copper Tips and rate for Today

At the moment copper on MCX is trading at Rs 357.9 with a slight decline of 0.3 percent. Buy MCX Copper near at 358 targets 359.3, 361 Stop loss 356.

MCX base metals Trading Up Due to global Cues @ Copper Advices for today

US interest rates were not increased, after the Fed’s decision to base metals has risen sharply. All metal prices, including copper is around 1-1.5 percent. With 1 per cent on MCX Copper is trading at Rs 326. Nickel up 1.75 per cent to Rs 700 is trading. Aluminium with a gain of 1.9 per cent is trading at Rs 107.5. Lead up 0.75 per cent at Rs 130 is reached. Zinc jumped 1 per cent is trading at Rs 153.

@Sols MCX Copper November 327 to to 326.5 targets 325, 324 stop loss 328.5