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Tag: copper rally

Commodity Radar: Copper charts show solid build-up of longs. Buy on dips for a gain of up to 4% in the short term
Stock Market

Commodity Radar: Copper charts show solid build-up of longs. Buy on dips for a gain of up to 4% in the short term

Domestic copper prices rose 1.6% to touch a day’s high of Rs 1,334.70 on Tuesday, inspired by international red metal prices hitting a new record high after supply concerns surfaced following disruptions at new mines.The strike at Capstone Copper’s copper and gold mine in Mantoverde in northern Chile has fueled supply problems, Reuters reports. In […]

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Copper prices fall 6% intraday after the longest winning streak in eight years. A correction or buying opportunity?
Stock Market

Copper prices fall 6% intraday after the longest winning streak in eight years. A correction or buying opportunity?

Copper prices witnessed a sharp retrace on Wednesday after a strong rally in recent weeks. On the Multi Commodity Exchange (MCX), copper futures due January 30, 2026 were trading at Rs 1,298.95, down Rs 38.40 or 2.87% intraday.Earlier in the day, prices fell to a low of Rs 1,261, down 5.7% from Tuesday’s close. Despite […]

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