AHMEDABAD (Commodity Online): Industry metals price ended mixed as Zinc and Nickel continue to remain under force while other metals ended reasonable higher. Copper future stayed in green region after strong buying from bottom levels.
Copper future ended at 434 rupees per kilogram after touching lower levels at 425.80 rupees at Multi Commodity Exchange (MCX).
On Wednesday morning, MCX Copper April delivery contract rose by 0.43 percent to 436.40 rupees per Kilogram.
Ahead of strong corporate announcement US equity finished with sharp gain of one percent. Asian equities were weighed previously by higher range in earlier weeks. Stabile Crude Oil prices also support equity market to stay upbeat from beginning of the week.
Copper seems to be bullish till the moment ahead this week. I am expecting that Copper prices may touch 440 rupees per Kilogram in coming trading session.
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