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MTECHTIPS:-Technical Comment for the Day: Copper

MTECHTIPS:-Technical Comment for the Day: Copper

Copper prices gained on 20 August 2015 after bottom fishing. Copper ended the day at Rs 336 on 20 August 2015 against 328.35 per kg on 19 Aug 2015. On Friday trading gains are expected to get resisted at Rs 338 and 340 per kg. Floor for Copper is at Rs 332 and Rs 330 per kg. The high for Copper on Thursday was at Rs 337.90 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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