Live MCX Copper Tips
-Copper MCX Can Buy from the price of 436 and hold it till the level of 440.
Copper futures slipped to a three-week low as stalled U.S. budget talks and speculation that stronger economic growth could limit the duration of Federal Reserve support for the economy sent investors to the exits.
The most actively traded copper contract, for March delivery, fell 6.95 cents, or 1.9%, to settle at $3.536 a pound on the Comex division of the New York Mercantile Exchange, the lowest settlement price since Nov. 28.
Copper's fourth consecutive decline came on concern that the pending package of U.S. government spending cuts and tax increases set to take effect in January may drag the country into recession.
The most actively traded copper contract, for March delivery, fell 6.95 cents, or 1.9%, to settle at $3.536 a pound on the Comex division of the New York Mercantile Exchange, the lowest settlement price since Nov. 28.
Copper's fourth consecutive decline came on concern that the pending package of U.S. government spending cuts and tax increases set to take effect in January may drag the country into recession.