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Today global commodity update

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  1. #1
    Ishani Yadav
    Ishani Yadav is offline Just in!

    Today global commodity update

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    Copper prices declined for the first time in six sessions on Wednesday, as investors booked profits from a recent rally which took prices to the highest level in more than three months.
    On the Comex division of the New York Mercantile Exchange, copper for May delivery dipped 1.7 cents, or 0.59%, to trade at $2.786 a pound during European morning hours.
    Futures were likely to find support at $2.645, the low from March 20, and resistance at $2.914, the high from March 23.

  2. #2
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    waktem
    waktem is offline eTI Iron
    Monday's price dive was the biggest one-day loss since September triggered a rash of panicky trading across the market. While China's volatility is spooking traders over the outlook for demand from the world's No. 2 consumer, drillers in the United States say they are focused on keeping their wells running as long as possible, despite the slump.

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