Copper Technical Comment For 16 July 2015

MCX Copper June expiry contract lost marginal ground for session ending 15 July 2015. Prices have been in the range of Rs 345-365 per kg. There has been selling from highs of Rs 362-360. On 15 July 2015, Copper ended the day at Rs 356.35 against 358.10 per kg on 14 July 2015. On Tuesday trading gains are expected to get resisted at Rs 362 and 364 per kg. Meanwhile support for Copper is at Rs 356 and Ra 354 per kg. The low for Copper Wednesday was at Rs 356 per kg, and a high of Rs 363.40 per kg was noted. Open interest was at 17585 on 15 July 2015 against 16701 on 14 July 2015.
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