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MTECHTPS;-MCX Copper sideways to negative; support at 428

MTECHTPS;-MCX Copper sideways to negative; support at 428

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Published by MtechTips
MTECHTPS;-MCX Copper sideways to negative; support at 428

On the MCX, overall sentiments for copper April contract is looking sideways to negative intra-day. Support for the commodity is likely to be at 428 and resistance at 432 for the day, said our analyst.“If price of the commodity breaks 428 level, then it is expected to move towards 425 levels,” said Amrita, Mashar, Research Analyst, Commodity Online. Intra-day traders are advised to stay on selling side for today's trading session.MCX Copper opened lower on selling sentiment in international market and weak global demand.The commodity lost ground after monthly expiry of contracts on MCX.On India's MCX, copper for delivery on April 30 was spotted trading at Rs 426.30, fall of 1.22% as of 01.41 PM, IST.Mixed US economic data and low demand from China due to high inventories and low manufacturing PMI are keeping pressure on the investors.US ISM Manufacturing data release and Fed chairman Bernanke speech this evening is likely to have high impact on base metal prices.

WWW.MTECHTIPS.COM

074892941185/119
MTECHTPS;-MCX Copper sideways to negative; support at 428

On the MCX, overall sentiments for copper April contract is looking sideways to negative intra-day. Support for the commodity is likely to be at 428 and resistance at 432 for the day, said our analyst.“If price of the commodity breaks 428 level, then it is expected to move towards 425 levels,” said Amrita, Mashar, Research Analyst, Commodity Online. Intra-day traders are advised to stay on selling side for today's trading session.MCX Copper opened lower on selling sentiment in international market and weak global demand.The commodity lost ground after monthly expiry of contracts on MCX.On India's MCX, copper for delivery on April 30 was spotted trading at Rs 426.30, fall of 1.22% as of 01.41 PM, IST.Mixed US economic data and low demand from China due to high inventories and low manufacturing PMI are keeping pressure on the investors.US ISM Manufacturing data release and Fed chairman Bernanke speech this evening is likely to have high impact on base metal prices.

WWW.MTECHTIPS.COM

074892941185/119

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Published by: MtechTips on Mar 01, 2013
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MTECHTIPS MCX Copper sideways to negative; support at 428

On the MCX, overall sentiments for copper April contract are looking sideways to negative intra-day. Support for the commodity is likely to be at 428 and resistance at 432 for the day, said our analyst.“If price of the commodity breaks 428 levels, then it is expected to move towards 425 levels,” said Amrita, Masher, Research Analyst, Commodity Online. Intra-day traders are advised to stay on selling side for today's trading session.MCX Copper opened lower on selling sentiment in international market and weak global demand. The

commodity lost ground after monthly expiry of contracts on Maxton India's MCX; copper for delivery on April 30 was spotted trading at Rs 426.30, fall of 1.22% as of 01.41 PM, IST. Mixed US economic data and low demand from China due to high inventories and low manufacturing PMI are keeping pressure on the investors.US ISM Manufacturing data release and Fed chairman Bernanke speech this evening is likely to have high impact on base metal prices. WWW.MTECHTIPS.COM 07489294118/119

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