Copper........
The opening of European markets hasn't brought any significant change
in the price of
Copper. The markets remained in a lackluster trading
zone after a good elevation seen on Monday. The LME three month
benchmark prices for Copper was trading at $ 7369 per tonne, compared to
$ 7365 per tonne on Monday. Markets are also keeping a close eye on the
inventories data before the next set of moves.
On MCX, opening
for the metal was in green but prices have extended the rally as the day
progressed. The June expiry contract was seen trading at Rs 419.4 per
kg, shy away from day's high of Rs 419.8 per kg. Further gains can take
prices towards Rs 422 per kg. Supports for the contract are at Rs
414-415 per kg.
Source by Commodity Insights
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