Even after a minor recovery in Copper
, the prices are still not out of woods. The prices of November expiry contract settled at Rs 418.6 per kg, up 0.54%. The metal is expected to remain under Rs 420 per kg, considering the stiff resistance at Rs 418-419 per kg. Medium term resistance is at Rs 430 per kg. The extreme bottom for the prices are at Rs 403 per kg, while an intermediate supports are active at Rs 409 per kg. The volumes were pretty lower 3066 kg on Monday. The pressure from bears are expected to remain active in today's trades.
Source by Commodity Insights
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