Technical Comment For The Day: Copper (09:19, 24 Sep 2013) The - TopicsExpress

Technical Comment For The Day: Copper (09:19, 24 Sep 2013) The support of Rs 458 per kg proved too stiff for Copper to breach in the intraday session. Supports for the contract are at Rs 457 and 455 per kg. The prices of MCX Copper November expiry closed at Rs 464.05 per kg. Both volumes and open interest showed a dip as the prices moved higher. Further appreciation is likely in Copper towards Rs 466-467 per kg, if key levels of Rs 464 per kg in breached. RSI of 56 indicates that Copper can see some more upside. Meanwhile, COMEX Copper was at $ 3.2895, down 0.09 cents on Tuesday. Powered by Commodity Insights

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