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MTECHTIPS:-COPPER
Copper after few days of consolidation gained strongly from its lows to trade higher testing the resistance of 426-428 in the process. Copper faces stiff resistance at higher levels above 429 any up move in the commodity will open up 434 and higher levels in coming days. Copper has strong support below 421 levels any dip will retest 418 levels. Sustaining strongly above the 421 levels will be a positive signal for the index in coming sessions.
Copper after few days of consolidation gained strongly from its lows to trade higher testing the resistance of 426-428 in the process. Copper faces stiff resistance at higher levels above 429 any up move in the commodity will open up 434 and higher levels in coming days. Copper has strong support below 421 levels any dip will retest 418 levels. Sustaining strongly above the 421 levels will be a positive signal for the index in coming sessions.
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