Wednesday, 9 November 2016

Copper futures zoom on easing glut concerns : 09 Nov 2016


Copper futures were trading higher during the afternoon trade in the domestic market on Wednesday as participants widened their positions in the industrial metal amid speculation that supply will tighten and signs of stabilizing demand in China, the world’s biggest consumer.

The reports this week showed that China’s passenger-vehicle sales climbed for 8th consecutive month, and China’s central bank, which has held the benchmark interest rate at a record low for more than a year, said the current level is in line with economic fundamentals.

At the MCX, copper futures for November 2016 contract is trading at Rs 359.30 per kg, up by 3.01 per cent, after opening at Rs 345.40, against a previous close of Rs 348.80

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil