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Tag Archives: Base metals

Price action reflects the Bears challenging Uptrend

Bears challenging the Uptrend in MCX Copper

By Trading Predator September 25th, 2017 No Comments

Copper Prices rallied from 355 – 450 in a span of 5 months (from May – August). The main driver was safe heaven flow seeking accommodation in base metals because of geopolitical landscape. Market participants like dealers and speculators bought Copper in the lower price zone of 355-375, they’ve benefited most from the rally. We

Price action in daily chart point out the over extended trend

Nickel Price action indicates the Overextended Trend in Metals

By Trading Predator September 12th, 2017 No Comments

Geopolitical jitters influenced Institutions to park their liquidity into Base metals and other safe heaven assets. Nickel is one of those assets that benefited from “run to safe heaven behavior”. Nickel prices rallied from 575 to 790 during the period of June – September (within 5 months). The Uptrend we are witnessing in daily chart