MCX Copper Intraday Tips
If you are interested in commodity trading, then none can beat the Copper trading as it gets you hefty profit by moving with the trend. When you trade copper, in all likelihood you will actually be trading copper futures contracts. These are contracts that take their price from the underlying commodity and represent an agreement to exchange an amount of copper at a defined price on a specific date. In India, Copper trading is done at Multi commodity exchange i.e MCX.Copper has resistance at the level of 511 and on sustaining above that level we may see Copper moving toward the 520-530 levels. However, if the level of 495 is broken then we can see it getting in the hands of the bears.
Tracking the Copper stocks in LME registered warehouses helps you get an idea for the likely direction of the copper prices in the forthcoming days. Besides that one needs to follow the US dollar price, demand in China, and any likely disruptions in the supply of Copper will get you a clear picture that how the commodity is likely to perform in the forthcoming period.
You can get daily MCX Copper Intraday Tips here and make money in the Indian commodity market by virtue of trading with an expert team which helps you get profit on a daily basis in the market.
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