Copper today after several days of sluggish business has grown rapidly. MCX Copper prices have climbed nearly 1 per cent. Edge is traded on the international market. The price of copper on the London Metal Exchange once again gone beyond $ 7,500. China has accelerated in the markets today...
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MCX showing downward trend in case of industrial metals and it seems to look gloomy for copper MCX as it fell on Friday, putting the brakes on a two-week rally as a dismal set of U.S. employment data scaled back some recovery optimism.
MCX Gold Tips
For the day, initial moves are likely to be restricted near 30000-30030 region followed by a consolidation and a drift lower. A direct rise above the same, which we least expect for the day, are signals of strong short covering towards 30140/30300 levels. Prices have to close below 29880 to trigger fresh bear run again....
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However, broadly, prices continued to remain trapped in $94-98 per barrel. Softer demand from China weighed on. Chinese trade balance data indicated that the nation's imports of crude oil dropped 15.7 per cent in August Last week the Chinese President announced a new program of infrastructure development to help jump start the internal....
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The Commodity MCX and NCDEX tips for the day. MCX and NCDEX trend for commodity Turmeric, Guarseed and Pepper is consolidate in trends. MCX and NCDEX market for Pepper (April) is bullish and for commodity Gur and mustard seed it is bearish.