Copper declined for the fourth straight session and falling to multi month lows on Tuesday. The prices settled at Rs 348.25 per kg, against Rs 357.3 per kg on 6 July 2015. The metal tested a high of Rs 358.2 per kg and a low of Rs 338.8 per kg. Open interest declined to 17730 on Tuesday which indicated the squaring of long positions. Volumes have remained very high all throughout this week and were at 89517 lots against 58156 lots on 6 July 2015. On Thursday, resistance for Copper is at Rs 352 and 355 per kg. Meanwhile, supports are at Rs 338 per kg.
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