Friday, 31 August 2012

MTECHTIPS

MTECHTIPS:-COPPER

Copper witnessed a volatile bound session, as the commodity tested levels above 427 but dipped to close with losses around the 423 levels. For the day support in copper is seen around 421 levels any decline will open up 418 levels. Resistance for copper in coming session is seen above the 426 levels. Any gains will open up levels of 429 and higher. The commodity is trading in a small range and break out above 430 levels will be positive.

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