MUMBAI (Commodity Online):MCX Copper is up 1.25% on Wednesday morning trade as technical buying pushed up prices.
MCX copper November contract is trading at Rs 344.90 after opening the day at Rs 341.50 while COMEX copper December is trading at $3.14, up 0.03%
-Ben Bernake stated yesterday that the US would be facing a gloomier economic situtaion than expected. In spite of this, copper prices have seen a rise. This could be attributed to technical buying at low-levels. The Copper market will require strong fundamental indications from the US or China to see a sustainable price recovery.
