Copper prices gained further on 13 August 2015 and moved very close to Rs 340 per kg that is the active resistance zone at this juncture. Copper ended the day at Rs 339.75 on 13 August 2015 against 338.30 per kg on 12 Aug 2015. On Friday trading gains are expected to get resisted at Rs 342 and 345 per kg. Meanwhile support for Copper is at Rs 335 and Rs 332 per kg. The high for Copper Thursday was at Rs 342.10 per kg, and a low of Rs 334.70 per kg was tested. Open interest has started shriking down as August is the expiry month for Copper and short positions built in the contract earlier in the month and before are getting squared off. Open interest was at 19924 on 13 August 2015 against on 20467 on 12 August 2015.
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