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MTECHTIPS:-COPPER
Copper witnessed a strong support around 420 levels, the commodity failed to take direction as indecision prevailed among investors. Copper faces stiff resistance at higher levels above 426 any up move in the commodity will open up 430 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 witnessed a strong support around 420 levels, the commodity failed to take direction as indecision prevailed among investors. Copper faces stiff resistance at higher levels above 426 any up move in the commodity will open up 430 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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