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Copper Technical Comment For 10 July 2015



MCX Copper June expiry contract gained for session ending 9 July 2015. Prices for August expiry moved past Rs 355 per kg. Copper has gained almost Rs 12 in a span of 2 days. Copper ended the day at Rs 359.90 on 9 July 2015 against 353.30 per kg on 8 July 2015. On Thursday trading gains are expected to get resisted at Rs 363 and 365 per kg. Meanwhile support for Copper is at Rs 355 and 352 per kg. The low for Copper on Thursday was at Rs 355.05 per kg, and a high of Rs 365.80 per kg was noted. Open interest was at 15364 on 9 July 2015 against 15967 on 8 July 2015.
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