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Copper Technical Comment For 06 July 2015



MCX Copper June expiry contract declined for session ending 3 July 2015. Prices for August expiry moved closer to Rs 365 per kg. Copper ended the day at Rs 370 on 3 July 2015 against 372.35 per kg on 2 July 2015. On Friday trading gains are expected to get resisted at Rs 373 and 375 per kg. Meanwhile support for Copper is at Rs 368 and 365 per kg. The low for Copper on Wednesday was at Rs 369.40 per kg, and a high of Rs 374.60 per kg was noted. Open interest was at 16147 on 3 July 2015 against 14976 on 2 July 2015.
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