Thursday, July 25, 2013

Technical Comment For The Day: Copper

Copper.......
settled at Rs 417.5 per kg on MCX on Thursday. Yet again, the breach of Rs 422 per kg looked difficult during the day. The prices only managed to test a high of only Rs 419.4 per kg. The upper trendline resistance seems intact at the moment. The same parallel range that has been active between Rs 411 and 423, is expected to remain in place. For Friday, support zone for Copper is at Rs 413 per kg while Resistance is at Rs 422 per kg.
Source by Commodity Insights

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