Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Commodities

| More

Base Metals - July 27, 2020 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC securities

Posted On: 2020-07-27 08:42:14 (Time Zone: Arizona, USA)


Base metals complex traded higher with Nickel, Aluminium and Zinc rose the most while Copper prices ended marginal down for the week.

Nickel prices at LME rose by more than 3% on demand recovery hopes after Goldman Sachs raised its prices outlook after Tesla Inc founder Elon Musk promised a giant long term contract with nickel mining companies.

Copper prices traded under pressure on demand growth concerns amid political tensions between US and China. The rise in geopolitical tensions may impact future trade pacts. Copper inventories at SHFE fell by 963 to 157684 tonnes during the week. LME Copper prices have touched strong resistance near $6645 at 76.4% retracement levels of previous fall.

We expect Copper prices to trade in current range with support at $6240 per tonne. MCX Copper August futures have near term resistance at Rs. 512 per KG with support at Rs. 490 per KG for short term. MCX Nickel has important resistance at Rs. 1060 and support at Rs. 1020 in short term.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Copper - Jan 15, 2021 - Reliance Securities

Crude Oil - Jan 15, 2021 - Reliance Securities

Crude Oil - Jan 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - Jan 15, 2021 - Reliance Securities

Gold - Jan 15, 2021 - Reliance Securities

Copper - Jan 5, 2021 - Reliance Securities

Crude Oil - Jan 14, 2021 - Reliance Securities

Silver - Jan 14, 2021 - Reliance Securities

Gold - Jan 14, 2021 - Reliance Securities

Crude Oil - Jan 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 13, 2021 - Reliance Securities

Silver - Jan 13, 2021 - Reliance Securities

Gold - Jan 13, 2021 - Reliance Securities~

Base Metals - Jan 11, 2021 - Mr. Tapan Patel- Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 11, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 11, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 11, 2021 - Reliance Securities

Silver - Jan 11, 2021 - Reliance Securities

Gold - Jan 11, 2021 - Reliance Securities

Views on Copper - Jan 11, 2021 - Reliance Securities

Crude Oil - Jan 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 8, 2021 - Reliance Securities

Silver - Jan 8, 2021 - Reliance Securities

Gold - Jan 8, 2021 - Reliance Securities

Crude Oil - Jan 7, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 7, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 7, 2021 - Reliance Securities

Silver - Jan 7, 2021 - Reliance Securities

Gold - Jan 7, 2021 - Reliance Securities

Crude Oil - Jan 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - Jan 6, 2021 - Reliance Securities

Crude Oil - Jan 6, 2021 - Reliance Securities

Gold - Jan 6, 2021 - Reliance Securities

Crude Oil - Jan 5, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 5, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 5, 2021 - Reliance Securities

Silver - Jan 5, 2021 - Reliance Securities

Gold - Jan 5, 2021 - Reliance Securities

Base Metals - Jan 4, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 4, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Jan 4, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Jan 4, 2021 - Reliance Securities

Silver - Jan 4, 2021 - Reliance Securities

Gold - Jan 4, 2021 - Reliance Securities



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020