Commodity Updates Today: Copper Updates and Gold Silver Trend

Base Metals Updates: Copper prices require to sustain trades above 477 level for positive momentum while prolonged trades below 470 can allow prices to slip down till 468-465 level.  Intraday trend seems to be sideways traders can wait for trigger levels to initiate fresh positions.

Gold Silver Intraday outlook: In Gold and silver commodities, day traders can go for sell on rise jobbing strategy to utilize the market movements.  Long term trend in bullion metals is likely to remain intact and we may see some more upside in near future. 

Copper updates, Silver Tips for Today

Today, Base metals are trading Lower in domestic market. despite a positive opening of 41.50, MCX copper Futures (August) made a low of 409.50 on Friday which cl;early indicates that breaching the stiff support level of 428 may increase the chances of straight fall in Copper and we can see prices to come below 400 level. Currently this base metal is trading in sluggish mode and trading near its opening price around 413 level. It is required for copper to trade above 416 for s sustained rally till 420-422. For Intraday Trading, one can initiate buying in bullion metals. Buy Silver above 53450 for the targets of 53650-53850-54000.