MCX Tips and Trading Strategy with Commodity Updates For Today 6 May | LIVE MARKET TIPS - 0 views
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pinky shah on 06 May 13Base metal futures may rise early next week on hopes of improved demand following upbeat US jobs data, but profit booking at higher levels and demand concerns from China will limit gains. The price of copper responded with unusual vigor to Friday's strong payroll report. The metal's most actively traded futures contract jumped 6.8%, hitting a threeweek high and staging what Dow Jones Newswires says was the biggest single-day gain in a year and a half. Copper finished up over 6% as shorts scrambled to cover after Nonfarm Payrolls and the Unemployment Rate in the US came in better than expected. In the case of the Payrolls number, it was the revision of the previous month (from 88k to 138k) that really got the market excited.... Get Sure Shot MCX Commodity Tips here @ http://www.live-market-tips.com/free-trial/