Daily Copper Outlook Jan 05, 2017.

Copper extended gains on Thursday, buoyed by a weaker U.S. dollar and a brightening outlook for demand in top metals consumer China. In today’s session Copper future currently is trading around $ 2.560 per ounce with 0.08% of gain in prices. In MCX, Copper future expected to open in positive zone. Technically on Daily Charts Copper Feb future now having a very good resistance level at Rs 390 while support at Rs 380. Intra-day traders advice to Buy Copper Feb future above Rs 385 wait for the target price of Rs 390, with strict stop loss of Rs 380.
Published on Jan 5 2017 11:06AM, by sudhanshubbd in Commodity tips| Share This