Copper MCX Live Prices and Market Sentiment Today
Copper MCX Live Prices and Market Sentiment Today
Blog Article
Copper prices on the MCX (Multi Commodity Exchange) have shown moderate volatility today, reacting to global demand cues and supply-side constraints. As of the latest update, copper mcx live rates are hovering around ₹720 per kg, reflecting a mild uptrend driven by stronger industrial output data from China and resilient domestic consumption.
Traders are closely watching U.S. inflation data and its impact on base metals, including copper. Technical charts indicate immediate support at ₹710 and resistance near ₹728. Many investors are pairing their copper positions with strategies involving crude option chain, especially as crude oil remains a leading indicator for industrial cost fluctuations.
Key Highlights:
Copper MCX Live: ₹720/kg (approx.)
Market Trend: Slightly Bullish
Strategy: Hedging with crude option chain