MCX Copper rose impressively on Friday as a flurry of bargain buying lifted the metal ahead of weekend. The counter ended four sessions of losses as lows near Rs 400 per kg offered a good support and a strong reversal saw the commodity test Rs 410 levels in intraday moves. The RSI has turned positive though the upside could lose steam around Rs 413/414 per kg mark. In intraday moves, a god support is likely to emerge around Rs 405/406 mark.MCX Copper Look Sideways After Strong Upswing
MCX Copper rose impressively on Friday as a flurry of bargain buying lifted the metal ahead of weekend. The counter ended four sessions of losses as lows near Rs 400 per kg offered a good support and a strong reversal saw the commodity test Rs 410 levels in intraday moves. The RSI has turned positive though the upside could lose steam around Rs 413/414 per kg mark. In intraday moves, a god support is likely to emerge around Rs 405/406 mark.
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