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Friday, April 6, 2018

COPPER UPDATES FOR APRIL 6 2018

FRIDAY



MARKET UPDATE



Base metals on the London Stock exchange traded mostly


lower during Asian morning trade on Friday .


President Trump has reignited trade fears  by saying 


that his administration to consider $ 100 billion in 



additional tariffs on China .


The Shanghai Futures Exchange is closed on account of


the tomb sweeping day .


In the Mcx Copper opened positive during opening trades 


on Thursday .


It remained positive even after the New york trading began


And rallied higher to test resistance 442 .


The negative sentiment now has once again enveloped all


Base metals .


In the Mcx currently trading at Rs 435.90


LEVELS ARE AS UNDER


SUPPORT 1 435


SUPPORT 2 433.80


SUPPORT 3 431.50


RESISTANCE 1 439


RESISTANCE 2  441


RESISTANCE 3 443.20


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