Crude Technical Comment For 13 July 2015

MCX Copper June expiry contract lost marginal ground for session ending 10 July 2015. Prices have been in the range of Rs 345-365 per kg. There has been selling from highs of Rs 365. On 10 July 2015, Copper ended the day at Rs 358.70 on 10 July 2015 against 359.90 per kg on 9 July 2015. On Monday trading gains are expected to get resisted at Rs 363 and 364 per kg. Meanwhile support for Copper is at Rs 355 and 352 per kg. The low for Copper on Friday was at Rs 356.5 per kg, and a high of Rs 360.90 per kg was noted. Open interest was at 15499 on 10 July 2015 against 15364 on 9 July 2015.
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