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MTECHTIPS:-Technical Comment For The Day: Copper.

MTECHTIPS:-Technical Comment For The Day: Copper.

Copper prices gained on 27 August 2015 covering lost ground and closing above Rs 335 on closing basis. Copper ended the day at Rs 339.85 on 27 August 2015 against 329.1 per kg on 26 Aug 2015. On Friday trading gains are expected to get resisted at Rs 340 and 345 per kg. Floor for Copper is at Rs 335 and Rs 332 per kg. The high for Copper on Thursday was at Rs 341.45 per kg, and a low of Rs 330.70 per kg was tested. Open interest was down on 27 August 2015. Open interest was at 8073 on 27 August 2015 against on 16404 on 26 August 2015.

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