06-01-2022 11:58 AM | Source: Swastika Investmart Ltd
Copper is consolidating in the range of 644-690 where move above 690 can lead some upside towards 710-725 - Swastika Investmart
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News in headline:

* Australia in talks with U.S. to supply infant formula

* Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown

* U.S. says it will cut costs for clean energy projects on public lands

 

COPPPER: COPPER is consolidating in the range of 644-690 where move above 690 can lead some upside towards 710-725 while if it slips below 644 it may head towards 615-608 zone.

Technical View:

* Bullion: Day trend is indicating sideways in Gold & Silver.

* Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.

* Base metals: Day trend in base metal is indicating sideways to upside

 

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