Copper Technical Comment For 03 July 2015

MCX Copper futures for August witnessed tight moves yesterday as a staggered upmove from lows near Rs 365 continued. The counter dropped from highs above Rs 375 and ended modestly in red. Prices have dragged lower after hitting one week high near Rs 378 which took the counter near 20 day SMA though the counter failed to break above it. Choppy moves should extend today and yet again rallies towards Rs 375 can trigger selling pressure in intraday moves
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