Copper Technical Comment For 22 Apr 2015

Copper lost ground on the last session of the week. April expiry contract ended the day at Rs 374.55 per kg, against Rs 380.90 per kg on 20 April 2015. The session on Tuesday saw Copper highs at Rs 381.6 per kg and a low of Rs 373.85 per kg. The prices have remained quite weak in last two sessions, and technical breakouts seems possible only when Copper move beyond Rs 383, while on the lower side the moves below Rs 370 will be critical. The volumes in last session were 40576 against 35067 on 21 March 2015. Open interest was 15230 against 11809 on 21 April 2015.
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