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Copper Technical Comment For 14 July 2015



MCX Copper June expiry contract lost marginal ground for session ending 13 July 2015. Prices have been in the range of Rs 345-365 per kg. There has been selling from highs of Rs 362-365. On 13 July 2015, Copper ended the day at Rs 359.40 on 13 July 2015 against 358.70 per kg on 10 July 2015. On Tuesday trading gains are expected to get resisted at Rs 363 and 364 per kg. Meanwhile support for Copper is at Rs 355 per kg. The low for Copper Monday was at Rs 353.05 per kg, and a high of Rs 362.45 per kg was noted. Open interest was at 14464 on 13 July 2015 against 15499 on 10 July 2015.
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