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MTECHTIPS:- Technical Comment For The Day: Copper

MTECHTIPS:- Technical Comment For The Day: Copper

November expiry Copper prices gained on 31 August 2015 only marginally and closing above Rs 345 per kg. Copper ended the day at Rs 348.75 on 31 August 2015 against 348.60 per kg on 28 Aug 2015. On Tuesday trading gains are expected to get resisted at Rs 352 and 354 per kg. Floor for Copper is at Rs 345 and Rs 340 per kg. The high for Copper on Monday was at Rs 349.90 per kg, and a low of Rs 343 per kg was tested. Open interest was up on 31 August 2015. Open interest was at 12432 on 31 August 2015 against on 10440 on 28 August 2015.

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