Copper Technical Comment For 07 July 2015

MCX Copper June expiry contract declined for session ending 6 July 2015. Prices for August expiry moved closer to Rs 350 per kg. Copper ended the day at Rs 357.3 on 6 July 2015 against 370 per kg on 3 July 2015. On Tuesday trading gains are expected to get resisted at Rs 365 and 370 per kg. Meanwhile support for Copper is at Rs 354 and 350 per kg. The low for Copper on Monday was at Rs 355.90 per kg, and a high of Rs 368 per kg was noted. Open interest was at 18854 on 6 July 2015 against 16147 on 3 July 2015.
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