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MTECHTIPS:-Technical Comment For The Day: Copper

MTECHTIPS:-Technical Comment For The Day: Copper

November expiry Copper prices gained yet again. Copper ended the day at Rs 352.60 on 3 September 2015 against 345.95 per kg on 2 Sep 2015. Copper has been showing recovery in the last two trading sessions. On Friday trading gains are expected to get resisted at Rs 360 and 362 per kg. Floor for Copper is at Rs 343 and Rs 340 per kg. The high for Copper on Thursday was at Rs 358 per kg, and a low of Rs 347 per kg was tested. Open interest was at 12424 on 3 September 2015 against on 13572 on 3 September 2015.

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