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MCX Copper Technical Comment 24 Feb 2016



MCX Copper declined during Tuesday session after making ninth consecutive days of gained. The prices tested levels of Rs 320.40 per kg as highs and Rs 317 per kg as a low. Copper February expiry contract closed at Rs 319.20 per kg on 23 Feb 2016 against Rs 320.80 per kg on 22 Feb 2016. Volumes declined sharply on the day when losses were registered. The total volumes were 31335 lots on 23 Feb 2016 against 37504 lots on 22 Feb 2016. Open interest declined to 13575 on 23 Feb 2016 against 14334 on 22 Feb 2016.
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