LME Copper prices are currently trading lower by 0.1 percent at
$5734/t. Prices are expected to trade sideways today as latest hawkish comments
by Fed member Patrick Harker to keep a pause on rate hikes will provide some
relief. Also, consistent decline in LME stocks will provide a cushion. We
expect MCX copper prices to trade sideways today. the Copper is bearish for
medium-long term .Currently Copper is moving sideways The oscillator is showing
SELL signal .In last 1 month volatility is very less buy the Copper above 379
or buy with strict stop at 358. The oscillator is showing sell signal for short
term Copper is in hold long position. Support for the Copper is 365.Resistance
for the Copper is 380.
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