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Copper Technical Comment For 03 Aug 2015



Copper prices shrinked further on 31 July 2015 and ended the day at Rs 335.40 on 31 July 2015 against 338.95 per kg on 30 July 2015. Potential of Copper reaching close to Rs 330 is strong at this juncture. On Monday trading gains are expected to get resisted at Rs 342 and 345 per kg. Meanwhile support for Copper is at Rs 334 and Rs 330 per kg. The low for Copper on Friday was at Rs 335.15 per kg, and a high of Rs 340 per kg was noted. Open interest was at 21598 against on 21509 on 30 July 2015.
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