Copper Technical Comment For 28 Apr 2015


MCX Copper April expiry contract gained on Monday. Prices moved past to Rs 385 that was acting as a formidable resistance. Copper ended the day at Rs 387.65 on April 2015 against 385.10 per kg on 24 April 2015. On Monday trading gains are expected to get resisted at Rs 383 and 380 per kg. Meanwhile support for Copper is at Rs 380 and 377 per kg. On Monday, the low for Copper was at Rs 385.40 per kg, and a high of Rs 389.60 per kg was noted. Open interest was at 10047 on 27 April 2015 against 9047 on 24 April 2015.
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