MCX Copper Feb. expiry agreement is receiving choppy with every passing day. The metal moved sharply higher on Wed. past sharp losses a day before, a gauge of unstable tendency. Copper closed the day at Rs 359.50 against 354.30/kg on 18 February 2015. Increases are anticipated to obtain resisted at Rs 360 and 362/kg. For now sustain for Copper is at Rs 355 and 353/kg. On Wed, the low for Copper was at Rs 353/kg, and a high of Rs 362.85/kg was noted. Open interest was at 11966 on 18 February 2015 against 13420 on 17 February. 2015.
Commodities Buzz: Mcx Copper Technical Report 19 February
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