Tuesday, 17 April 2012

MTECHTIPS

MTECHTIPS:-COPPER

Copper  witnessed  a very volatile session as the commodity dipped sharply on break below 412 levels to test 408 levels, then recovered strongly to close in green. Copper faces stiff resistance at higher levels above 416 any up move in the commodity will re test 421 levels in coming days. Copper has strong support below 412 levels any dip will retest 408 levels. The commodity is expected to consolidate at current levels.

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