Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Commodities

| More

Copper - July 14, 2021 - Reliance Securities

Posted On: 2021-07-15 03:49:19 (Time Zone: UTC)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

LME Copper and other industrial metals ended in the red on lukewarm demand in top metals consumer China and uncertainty about rising inflation.

Domestic Copper and other metals ended weaker on Wednesday, tracking overseas markets.

However, dollar turned lower on Wednesday after the Fed Chairman's remarks and capped further downside.

Volumes were low in the markets as investors awaited the Chinese GDP and other data on Thursday.

LME copper prices have started flat to higher this Thursday morning in Asian trade supported by a slightly upbeat data.

Other metals are also started with small gains this Thursday morning in Asian trade.

Data from China showed that the country's GDP number came in at 7.9% y-o-y for the 2nd quarter marginally lower than expectation of 8.1%.

However, q-o-q GDP was better than expectations at 1.3% vs. a poll at 1.2% expected and 0.6% in the previous quarter.

Other data was also better than expected with retail sales growing about 12.1% vs. a poll of 11.0% and Fixed Asset investment growing at 12.6% vs. a poll of 12.1%.

Technically, LME Copper could see a sideways to marginal downside momentum up to $9315-$9200 levels. Support is at $9450-$9560 levels.

LME Nickel could trade in a range of $18500-$18800 levels.

Domestic copper could start flat to higher this Thursday morning, tracking overseas prices.

Other metals could start flat to higher this Thursday morning, tracking overseas prices.

On the domestic front, MCX Copper below 723 levels could see 720-718 levels. Resistance is at 723-726 levels.

MCX Nickel July could trade on sideways to momentum up to 1405-1415 levels. Support is at 1390-1380 levels.

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Copper - Weekly Wrap - Sep 18, 2021 - Reliance Securities

Crude Oil - Weekly Wrap - Sep 18, 2021 - Reliance Securities

Gold & Silver - Weekly Wrap - Sep 18, 2021 - Reliance Securities

Crude Oil - Sep 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Base Metals - Sep 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 9, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 9, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 7 , 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 7, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Base Metals - Sep 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Copper - Sep 4, 2021 - Reliance Securities

Gold & Silver - Sep 4, 2021 - Reliance Securities

Crude Oil - Sep 4, 2021 - Reliance Securities

Crude Oil - Sep 3, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 3, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 2, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 2, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 1, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 1, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Aug 31, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 31, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - August 31, 2021 - Reliance Securities

Gold and Silver - August 31, 2021 - Reliance Securities

Base Metals - Aug 30, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Aug 30, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 30, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - August 30, 2021 - Reliance Securities

Copper - August 27, 2021 - Reliance Securities

Crude Oil - August 27, 2021 - Reliance Securities

Gold and Silver - August 27, 2021 - Reliance Securities

Crude Oil - Aug 27, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 27, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 25, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Aug 25, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold and Silver - Aug 25, 2021 - Reliance Securities

Crude Oil - Aug 24, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 24, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - August 23, 2021 - Reliance Securities

Crude Oil - August 23, 2021 - Reliance Securities

Gold - August 23, 2021 - Reliance Securities

Base Metals - Aug 23, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020