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MTECHTIPS:-Technical Comment For The Day: Copper

MTECHTIPS:-Technical Comment For The Day: Copper

Copper prices gained on 25 August 2015 after bottom fishing. Copper ended the day at Rs 336.85 on 25 August 2015 against 334.50 per kg on 24 Aug 2015. On Wednesday trading gains are expected to get resisted at Rs 339 and 340 per kg. Floor for Copper is at Rs 334 and Rs 332 per kg. The high for Copper on Tuesday was at Rs 338.70 per kg, and a low of Rs 330.50 per kg was tested. Open interest was up on 19 August 2015. Open interest was at 14109 on 25 August 2015 against on 14335 on 24 August 2015.
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