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MTECHTIPS:-Technical Comment For the Day: Copper

MTECHTIPS:-Technical Comment For the Day: Copper

Copper prices depleted further on 5 Aug 2015 and ended the day at Rs 331.70 against 333.90 per kg on 4 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 334 and 336 per kg. Meanwhile support for Copper is at Rs 330 and Rs 328 per kg. The low for Copper Wednesday was at Rs 333.90 per kg, and a high of Rs 330.65 per kg was noted. Open interest was at 23982 against on 23488 on 4 August 2015.

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