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Copper Technical Comment For 09 July 2015



MCX Copper June expiry contract gained for session ending 8 July 2015. Prices for August expiry moved past Rs 350 per kg. Copper ended the day at Rs 353.3 on 8 July 2015 against 348.25 per kg on 7 July 2015. On Wednesday trading gains are expected to get resisted at Rs 355 and 357 per kg. Meanwhile support for Copper is at Rs 345 and 342 per kg. The low for Copper on Wednesday was at Rs 338.60 per kg, and a high of Rs 357.10 per kg was noted. Open interest was at 15967 on 8 July 2015 against 17730 on 7 July 2015.
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