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MTECHTIPS:-Technical Comment For The Day: Copper

MTECHTIPS:-Technical Comment For The Day: Copper

Copper prices gained on the session ending Tuesday. Copper ended the day at Rs 362.55 on 8 September 2015 against 351.35 per kg on 7 Sep 2015. Prices have gained sharply in last few days. On Wednesday trading gains are expected to get resisted at Rs 365 and 367 per kg. Floor for Copper is at Rs 355 and Rs 352 per kg. The high for Copper on Tuesday was at Rs 364.25 per kg, and a low of Rs 348.40 per kg was tested. Open interest was at 14907 on 8 September 2015 against on 13894 on 7 September 2015.

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