Copper Technical Comment For 16 Apr 2015


Copper gained marginally last night, holding the declines it saw in two sessions earlier. April expiry contract ended the day at Rs 375.5 per kg, against Rs 372.5 per kg on 14 April 2015. The session on Wednesday saw Copper highs at Rs 375.9 per kg and a low of Rs 368.8 per kg. The prices have remained quite skewed in last few sessions, and technical breakouts seems possible when Copper move beyond Rs 365, while on the higher side the moves has been above Rs 385 per kg. The volumes in last session were 33594 against 22948 on 14 March 2015. Open interest was 12634 against 13302 on 14 April 2015.
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