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MTECHTIPS:-COPPER
Copper witnessed another session of consolidation on Saturday after another sharp decline on Friday. The commodity tested crucial supports of 402 on the downside.Copper now faces strong resistance at higher levels above 408any up move in the commodity will open up 414 and higher levels. Copper has strong support below 402 levels any dip will retest 396 levels. The commodity is expected to remain under pressure in coming sessions.
Copper witnessed another session of consolidation on Saturday after another sharp decline on Friday. The commodity tested crucial supports of 402 on the downside.Copper now faces strong resistance at higher levels above 408any up move in the commodity will open up 414 and higher levels. Copper has strong support below 402 levels any dip will retest 396 levels. The commodity is expected to remain under pressure in coming sessions.
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