COPPER NEWS TODAY
MCX Copper has opened negative note today. London Metal Exchange (LME), the copper is traded with the light speed, yet domestically it is trading bearish side. However all metals like Copper, Zinc, Aluminum, Nickel and lead are traded lower side.
In Previous session MCX Copper introduced at 432.6 with negative direction. With November contract MCX Copper has Slipped 0.6 percent 431.80 at around 10.30 Am. Last night copper was close at 432.5 and today it has touched minimum rate at Rs 431.3. Now we expected Copper will be trade range bound whole day. All traders can make sell on position.
Tips:- Sell Copper below 431.80 November and targets 430.50, 429.30 and stop loss 433.
Copper Trend :- R1- 434.5, R2- 435.7 and S1- 428, 426.5
GOLD SILVER COMMODITY
Rupees firmly returned to the gold and silver have been sluggish. Despite the international market boom gold and silver, domestic market is trading down range today. MCX Gold with December contract is trading below 165 rupees and cost price at 31739. MCX Silver has slipped more than half percent at Rs 62675.
Gold Call:- Sell Gold below December 31735 targets 31720, 31700 and stop loss 31760.
SilverCall: - Traders can Sell MCX Silver below 62675 with December 5 contract and targets 62625, 62575 and stop loss 62635.
MCX ENERGY TIPS
BUY NATURAL GAS 210 SL 204 TGT 216, 222, 228.
BUY CRUDE 4825 SL 4705 TGT 4925, 5025, 5125.