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MTECHTIPS:-COPPER
Copper continued the down trend as the commodity slipped to test levels of 418 and the index failed to hold at higher levels.Copper faces stiff resistance at higher levels above 421 any up move in the commodity will open up 428 and higher levels in coming days. Copper has strong support below 416 levels any dip will retest 412 levels. The outlook is negative but we expect the commodity to take support at lower levels.
Copper continued the down trend as the commodity slipped to test levels of 418 and the index failed to hold at higher levels.Copper faces stiff resistance at higher levels above 421 any up move in the commodity will open up 428 and higher levels in coming days. Copper has strong support below 416 levels any dip will retest 412 levels. The outlook is negative but we expect the commodity to take support at lower levels.
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