Bullboard - Stock Discussion Forum World Copper Ltd V.WCU

Alternate Symbol(s): WCUFF

Metals & Mining Copper

World Copper Ltd. is a Canada-based exploration stage junior mining company, which is engaged in the identification, acquisition and exploration of mineral resources in Chile and the United States. The Company has one operating segment, being the mineral resource industry with its exploration and evaluation assets in the United States and Chile. It is focused on the exploration and development... see more

TSXV:WCU - Post Discussion

World Copper Ltd > WCU.V COPPER PLAY BUILDING STRENGTH

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Post by Charts1 on May 02, 2021 5:39pm

WCU.V COPPER PLAY BUILDING STRENGTH

Kshitij Purohit, Product Manager, Currency & Commodities, CapitalVia Global Research Limited

Strategy: For the upcoming week, MCX Copper is likely to continue its bullish momentum towards a new all-time high. Traders may go for a Buy-on-dips opportunity in MCX Copper from the downside support around Rs 748-747, keeping a stop loss at Rs 742 to chase the target at Rs 765.

Rationale: We attribute the rise in copper prices to a rise in participant bets, which was fueled by a surge in spot demand, which can be confirmed by a significant decrease in storage levels at London Metal Exchange. Copper prices rose 11 percent to $4.4565 in futures trade last month, owing to increased spot demand. Copper contracts for May delivery traded higher by Rs 88, or 13 percent, to Rs 753.95 per kg on the Multi Commodity Exchange, with more than 5000 lots traded.

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Comment by rob1237 on May 03, 2021 10:21am

I wonder if CDU Cardero is a good buy. They are being taken over by WCU. Volume there is low but at.08 cents it looks like a steal. any comments as to why people dont prefer to buy CDU? good luck all. Im in big.

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World Copper Ltd