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MTECHTIPS:-Technical Comment For The Day: Copper

MTECHTIPS:-Technical Comment For The Day: Copper

Copper prices were static on 4 Aug 2015 and ended the day at Rs 333.90 against 335.55 per kg on 3 Aug 2015. The next moves will be clear if Copper breaks Rs 330 on downside on a closing basis. On Wednesday trading gains are expected to get resisted at Rs 335 and 337 per kg. Meanwhile support for Copper is at Rs 330 and Rs 328 per kg. The low for Copper Tuesday was at Rs 331.85 per kg, and a high of Rs 336.65 per kg was noted. Open interest was at 23488 against on 23329 on 3 August 2015.

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