MCX Free Tips: TODAY’S LME INVENTORY

TODAY’S LME INVENTORY:

ALUMINIUM (-11225),

COPPER (-4950),

NICKEL (-1314),

LEAD (-50),

ZINC (-350).

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MCX Free Tips- SELL COPPER FEB

Expect Copper prices to trade higher

LME Copper prices declined by 1.9 percent yesterday to close at $5754 per tone while MCX copper prices also declined by 1.5 percent to close at Rs. 394.2 per kg.

MCX Free Tips– SELL COPPER FEB

BELOW 395.50,

Target1- 394,

Target2- 392.50,

Target3- 390.50,

StopLoss ABOVE 398.50.

LME Copper prices are trading higher by 0.26 percent at $5769/t. Copper will likely trade higher today although crucial events lined up this week will limit risk appetite. MCX HNI Tips, mcx free tips with daily updates of market trends by experts, call now at (toll free) no. 18003157801

We expect MCX copper prices to trade higher today in line with international trends.

Copper prices gained as support seen after data showed top consumer China imported more of the metal last year.

MCX Free Tips– Copper trading range for the day is 395.7-410.5.

China shipped in a record 4.95 million tonnes of copper in 2016, up 2.9 percent from a year  earlier.

China’s copper imports in December rose almost 30 percent to 490,000 tonnes from a  month earlier, the official data showed.

MCX CALL:SELL GOLD FEB

BELOW 28550,

Target1- 28510,

Target2- 28470,

Target3- 28370,

StopLoss ABOVE 28630.

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