Skip to main content

Live Copper Updates

Copper trade on higher & above the level of 421.50 its good for buy.

London copper traded slightly above $8,000 a tonne on Friday, hovering near its previous close, as investors waited for more decisive cues on demand such as whether China loosens monetary policy and the health of the euro zone.

Thursday's successful French and Spanish bond auctions eased some fears over the euro zone debt crisis, but the positive news was later offset by soft jobs data out of the United States. Three-month copper on the London Metal Exchange rose 0.3 percent to $8,070 a tonne by 0356 GMT, after closing just one dollar lower on Thursday, but is on track to record a 1 percent weekly rise. The most-active July copper contract on the  hanghai Futures Exchange lifted 0.3 percent to 57,860 yuan ($9,200) a tonne, after falling 0.3 percent in the previous session. It is on track to post a 0.9 percent fall on the week.

Copper Live Updates, copper updates get from here
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Tips Today

Our Target hits on our SBI Call which we posted before 3 days ago. Buy SBI At - 2220 for the Target of - 2240 & 2270 for day & tomorrow with Stop Loss - 2190.50 Sell Tata Motor(Intraday) At - CMP for Target of - 283.05 & 279.30 with Stop Loss - 288.50 Get daily Stock Intraday Tips, Nifty tips here
Post a Comment
Read more

LME - Copper Updates with MCX Copper Trend

Copper Updates London copper slipped on Wednesday, partially reversing gains of more than 1 percent in the prior session, as anti-austerity protests in Spain revived concerns over the euro zone debt crisis and the demand outlook for industrial metals. The protests in Spain, where the government is likely to set a fresh timetable for economic reforms later this week, highlight the country's financing challenges and stirred doubts among investors about whether it would have the political will to apply for an official bailout. Three-month copper on the London Metal Exchange was down 0.8 percent at $8,210.50 per tonne by 0705 GMT, after rising 1.1 percent in the previous session. In MCX Commodity expert feel copper, Rs 440 per kilogram is holding over the last couple of trading days despite the negative fundamentals. He believes that on the upside, the resistance near Rs 446 per kilogram remains strong.
Read more