Copper has the sideways to consolidate trend today on Multi commodity Exchange of India. Copper prices are trading down on flat note right from today's morning commodity trading session. Copper may follow the strong resistance level at around 446.50 above which the prices can further move upside to touch 448 level while the support level is seen at around 441.20 below which the prices can be dragged down till 438 level. Buyers may initiate the long position in the copper. Although the base metals are trading flat this hour. Later evening commodity trading session may show some corrections in the prices. MCX aluminum, lead, nickel are trading with 0.5 to 0.2 percent increase in the prices. U.S. sales figures drag the base metals prices down today.
MCX Commodity Trading Tips for Today
- Buy MCX Gold (December Delivery) in between 30,100-30,150 with Stop loss at 29980 for the Target 30400.
- Buy MCX Silver (December Delivery) in between 44,500-44,600 with Stop loss at 44200 for the Target 45300.
- Buy MCX Copper (Nov Delivery) in between 442-443 with keeping Stop loss at 439 for the Target 449.
- Buy MCX Zinc (November Delivery) in between 116.50-116.80 with Stop loss at 115.80 for the target 118.
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