Technical Comment For The Day: Copper (09:50, 30 Aug 2013) The - TopicsExpress

Technical Comment For The Day: Copper (09:50, 30 Aug 2013) The prices of Copper gained marginally on Thursday, but the moves looked unconvincing. After testing Rs 512.6 per kg as an all time high, Copper has slipped to Rs 486.9 per kg on Thursday. The resistance for Copper is likely to be at Rs 495 per kg levels. Further correction can take the prices near to Rs 482 and 480 per kg. A sharp drawdown in open interest is seen in the August contract that is due to expire tomorrow. For November expiry contract, first hurdle for Copper is at Rs 490 per kg. Powered by Commodity Insights

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