Copper futures fell during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the industrial metal despite upbeat China trade data.
China’s imports grew at the fastest pace in more than 2 years in the month of November, buoyed by its strong thirst for commodities, while exports too rose unexpectedly, thus reflecting a pick-up in both domestic and global demand. Further, Chinese imports expanded 6.7 per cent from a year earlier, easily eclipsing economists’ expectations for a drop of 1.3 per cent and its strongest gain since September 2014, official data showed on Thursday. While, exports grew 0.1 per cent from a year earlier, defying predictions for a 5 per cent slide.
At the MCX, copper futures for February 2017 contract is trading at Rs 394.85 per kg, down by 0.18 per cent, after opening at Rs 396.05, against a previous close of Rs 395.55. It touched the intra-day low of Rs 390.75
About Money99
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 comentários:
Post a Comment