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Monday, April 9, 2018

COPPER UPDATES FOR APRIL 9 2018

MONDAY


MORNING UPDATE



Base metals are trading in the Shanghai exchange lower 


in Monday morning trade .


Aluminium is the only metal which is over 1 % up .


Prices are finding support as United States have imposed 


fresh sanctions against Russia and key Russian firms 


including Aluminium producer Rusal at the end of 


last week .


In the Mcx Copper prices corrected sharply last week 


hitting a low of around Rs 428 


Before bouncing back and high was around Rs 442 .


All base metals have rebounded after testing supports .


Simmering trade war fears between U S And China still spooking


investors ,


In the Mcx currently trading at Rs 438


LEVELS ARE AS UNDER


SUPPORT 1  435


SUPPORT 2 433.80


SUPPORT 3 431.50


RESISTANCE 1 440


RESISTANCE 2 442,10


RESISTANCE 3 444 


We will keep updating .



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