MTECHTIPS:-Technical Comment For The Day: Copper

MTECHTIPS:-Technical Comment For The Day: Copper

MCX Copper June expiry contract lost ground for session ending 17 July 2015. Prices have been in the range of Rs 345-365 per kg. There has
been selling from highs of Rs 362-360. On 17 July 2015, Copper ended
the day at Rs 352.15 against 356.30 per kg on 16 July 2015. On Monday trading gains are expected to get resisted at Rs 357 and 360 per kg. Meanwhile support for Copper is at Rs 350 and Rs 347 per kg. The low for Copper Friday was at Rs 350.20 per kg, and a high of Rs 358 per kg was noted. Open interest was at 18944 on 17 July 2015 against 17449
on 16 July 2015.

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