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MTECHTIPS-Technical Comment For The Day: Copper

MTECHTIPS-Technical Comment For The Day: Copper

Copper prices lost on 26 August 2015 and have slipped below Rs 330 on closing basis. Copper ended the day at Rs 329.10 on 26 August 2015 against 336.85 per kg on 25 Aug 2015. On Thursday trading gains are expected to get resisted at Rs 332 and 334 per kg. Floor for Copper is at Rs 327 and Rs 325 per kg. The high for Copper on Wednesday was at Rs 336.30 per kg, and a low of Rs 327.25 per kg was tested. Open interest was up on 26 August 2015. Open interest was at 16404 on 26 August 2015 against on 14109 on 25 August 2015.

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