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MTECHTIPS:-Technical Comment For The Day: Copper

MTECHTIPS:-Technical Comment For The Day: Copper

Copper prices lost on 17 August 2015 and moved away from Rs 340 per kg that is the active resistance zone at this juncture. Copper ended the day at Rs 336.50 on 17 August 2015 against 338.60 per kg on 14 Aug 2015. On Tuesday trading gains are expected to get resisted at Rs 339 and 342 per kg. Floor for Copper is at Rs 334 and Rs 332 per kg. The high for Copper on Monday was at Rs 338.20 per kg, and a low of Rs 334.10 per kg was tested. Open interest was marginally up on 14 August 2015. Open interest was at 19941 on 17 August 2015 against on 19949 on 14 August 2015.

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