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MTECHTIPS:-Technical Comment of The Day: Copper

MTECHTIPS:-Technical Comment of The Day: Copper

Copper prices depleted further on 6 Aug 2015 and ended the day at Rs 331.15 against 331.70 per kg on 5 Aug 2015. The next moves will be clear if Copper breaks Rs 330 on downside on a closing basis. On Friday trading gains are expected to get resisted at Rs 334 and 335 per kg. Meanwhile support for Copper is at Rs 330 and Rs 327 per kg. The low for Copper Friday was at Rs 330.20 per kg, and a high of Rs 336.50 per kg was noted. Open interest was at 23887 on 6 August 2015 against on 23982 on 5 August 2015.
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