Sunday, December 2, 2018

COPPER COMMODITY OUTLOOK

The Trend of Copper is Sideways with positive bias. Copper prices have continued its downtrend due to weak China Economic data. The outcome of the meeting between US president Donald Trump and China’s president Xi Jin Ping at G20 summit in Argentina can decide the next trend of the base metals. The expectation of the meeting is to end the ongoing trade war which has already affected the copper prices very much. In MCX, Copper prices closed lower by 3.95 points at 433.10 as compare of the previous week closing rate of 437.05. Buy on dips strategy can be follow for upcoming week.
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