The base metals pack traded on a mixed note ahead of the European Central Bank (ECB) meeting. However, sharp downside in prices was cushion on account of decline in LME inventories along with weakness in the DX. Copper, the leader of the base metals decline by 0.7 percent today till 4:30pm. But decline in LME Copper inventories by 0.7 percent which stood at 246,800 tonnes coupled with weakness in the DX restricted sharp fall in red metal prices. MCX Silver suggest that prices are trading near a crucial support of 52700. Stochastic is building strength. We expect prices to go up to levels of 53500. London Metal Exchange copper has gone up by 0.5 per cent....
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