Copper Market Technical Comment Update

Copper ended the session on 27 Feb 2017 at INR 395.05 per kg, up 0.27%. The prices tested a high of INR 395.80 per kg and a low of INR 390.50 per kg. Technical charts suggest that breach above INR 398 and 400 per kg will be beneficial for Copper. Indian Copper was not able to move past important resistance levels of Rs 398 on Monday. 

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 Further appreciation from here can take prices close to INR 400 per kg. On the lower side Rs 392 and 390 per kg are the support levels. Till the prices are able to breach resistances, sell on rise is advisable. Losses are expected in Copper with opening can be near Rs 393 and 394 per kg.

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