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Copper Technical Comment For 17 Apr 2015


MCX Copper April expiry contract gained on Thursday. Prices moved past to Rs 380 that was acting as a formidable resistance. Copper ended the day at Rs 383 on 16 April 2015 against 375.5 per kg on 15 April 2015. On Monday trading gains are expected to get resisted at Rs 386 and 389 per kg. Meanwhile support for Copper is at Rs 380 and 376 per kg. On Thursday, the low for Copper was at Rs 376.1 per kg, and a high of Rs 383.75 per kg was noted. Open interest was at 10901 on 16 April 2015 against 12634 on 15 April 2015.
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