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MTECHTIPS:-Technical Comment For The Day: Copper

MTECHTIPS:-Technical Comment For The Day: Copper

Copper prices lost on 20 August 2015 and breached some important supports. Copper ended the day at Rs 328.95 on 20 August 2015 against 330.90 per kg on 19 Aug 2015. On Thursday trading gains are expected to get resisted at Rs 330 and 333 per kg. Floor for Copper is at Rs 325 and Rs 320 per kg. The high for Copper on Wednesday was at Rs 331.45 per kg, and a low of Rs 326.10 per kg was tested. Open interest was up on 19 August 2015. Open interest was at 23060 on 19 August 2015 against on 21387 on 19 August 2015.
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