Immediate Copper outlook remains choppy with mildly positive - Geojit Financial
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Copper
Outlook: The firm demand outlook and weak US dollar likely to offer support to prices. However, it has been consolidating for the last many months, so there are chances of a technical correction.
COMEX: Expect a choppy trading in $4.90-3.90 levels initially and breaking either the sides would set a short term direction.
MCX Jan: Immediate outlook remains choppy with mildly positive as long as the support of Rs 700 holdS the downside. A direct drop below Rs 640 is a short term downside reversal.
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