MCX Copper View for Today
Copper along with other base metals has
faced a sharp decline today. It is trading near 418 with a loss of
more than 1%. Technically it has breached the immediate support of
418.50 and remaining below the same may extend this downside towards
416-414 level. However negative LME inventory data has supported the
international copper prices so a bounce back recovery can not be
ruled out. Sustained upside is seen above 424 only.
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