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MCX Free Tips: Copper to Trade in 383.6-398.6 Range

Discussion in 'Commodity Trading' started by TradTips, Dec 16, 2016.

  1. TradTips Member

    Copper trading range for the day is 383.6-398.6.

    MCX Free Tips: Copper remains supported despite a stronger dollar and signs of mounting supply in London Metal Exchange warehouses.

    Firm Chinese demand is expected to support copper prices going into 2017, though further gains could be difficult.

    Prices remained supported in recent months as consumption in China proved resilient and Trump’s win boosted speculation about demand.

    SELL COPPER FEB @ 392 SL 395.80 TGT 388.50-384.50.

    [IMG]

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