MCX Copper futures for August witnessed choppy moves yesterday, extending a pattern which has been around for the week or so. The counter has edged up from lows under Rs 340 but highs around Rs 363-365 have been capping upside. This marks the 20 day SMA and it looks like the choppiness is about to linger around for a while in the contract. The counter dropped from highs of Rs 359.45 yesterday and rallies towards 359/360 could yet again trigger selling pressure today.
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