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MTECHTIPS:- Technical Comment For The Day: Copper

MTECHTIPS:- Technical Comment For The Day: Copper

November expiry Copper prices gained on 28 August 2015 covering lost ground and closing above Rs 345 per kg. Copper ended the day at Rs 348.60 on 28 August 2015 against 345.60 per kg on 27 Aug 2015. On Monday trading gains are expected to get resisted at Rs 352 and 355 per kg. Floor for Copper is at Rs 352 and Rs 340 per kg. The high for Copper on Friday was at Rs 351.80 per kg, and a low of Rs 343.45 per kg was tested. Open interest was up on 28 August 2015. Open interest was at 10440 on 28 August 2015 against on 8372 on 27 August 2015.

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