MUMBAI (Commodity Online): Copper prices went up in the domestic futures market on Friday on the back of strong global sentiments with buying from lower levels. Base metals traded higher on London Metal Exchange on weak dollar.
MCX copper November delivery opened up by Rs.0.90 at Rs.309.10 per kg. It got traded in the range of Rs.309.10-310.40 per kg. At 10.28 am IST it traded up by Rs.2.05 at Rs.310.25/kg. Total traded volumes recorded 2482 lots.
Copper stumbled into the close, with prices in New York dipping back down below $3 per lb, as a firmer dollar weighed on values and upbeat economic data from China was met with a cautious market reaction.
Trading platform that even a 5 year old can trade. Join nowCopper has touched a low of Rs 307.1 a kg after opening at Rs 308.3, and last traded at Rs308.2.For today market is looking for the support at 306.20, a break below could see a test of 304.30 and where as resistance is now likely to be seen at 310.90, a move above could see prices testing 313.70.
