Monday, 11 April 2011
2
MCX, India: Copper expected to drop on extended buying
Copper April Futures on MCX platform traded higher and settled at 442.90 on Saturday. In daily chart short and medium term moving average cross over indicates buying side view for the day.
The technical indicator RSI (14) is at 0.60 indicating upside potential for the day. LME Prices are trading at 9900 (+5).
We expect Copper prices to remain positive and recommend buying for the coming day.
Copper MCX: Buy April at 440 TP 445/448 SL 437
Courtesy: Karvy Commtrade Ltd.
This post was written by: HaMienHoang (admin)
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2 Responses to “MCX, India: Copper expected to drop on extended buying”
2 January 2015 at 02:35
Indian markets traded in a weak range throughout the day and closed in green. Trading activity was quiet with total traded volume and turnover being low. Airline stocks jumped after public sector oil marketing companies (PSU OMCs) reduced aviation turbine fuel price for the sixth succeeding month in January 2015. Jet fuel or ATF (aviation turbine fuel) typically makes up approximately half of an airline's cost is operating. Prices of jet fuel are directly linked to crude oil prices. Nifty is expected to go up in coming few sessions.
Commodity Tips
10 October 2017 at 07:19
Thanks for this article very helpful. thanks.
Mcx free tips
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