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MTECHTIPS:-COPPER
Copper witnessed a day of profit taking as the commodity dipped from its days highs to close around 426 levels. Copper faces stiff resistance at higher levels above 432 any up move in the commodity will open up 436 and higher levels in coming days. Copper has strong support below 424 levels any dip will retest 420 levels. Sustaining strongly above the 421 levels will be a positive signal for the index in coming sessions.
Copper witnessed a day of profit taking as the commodity dipped from its days highs to close around 426 levels. Copper faces stiff resistance at higher levels above 432 any up move in the commodity will open up 436 and higher levels in coming days. Copper has strong support below 424 levels any dip will retest 420 levels. Sustaining strongly above the 421 levels will be a positive signal for the index in coming sessions.
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