Technical Comment For The Day: Copper (09:53, 13 Aug 2013) Red - TopicsExpress

Technical Comment For The Day: Copper (09:53, 13 Aug 2013) Red metal gyrated towards Rs 450 per kg, reaching a level of six months. If Copper manages to breach Rs 452 on the higher side, it will be a multi month break of upper cap. This will ensure that the prices will remain firm for some more time. For short term, profit booking from Rs 450-452 levels is possible. Looking at the overbought charts, it is expected that Copper can retreat towards Rs 445 per kg. Powered by Commodity Insights

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