MTECHTIPS

MTECHTIPS:- COPPER

Copper continued its declining trend in the last two sessions, as the commodity dipped to test levels of 408 and lower.Copper now faces strong resistance at higher levels above 412 any up move in the commodity will  open up  421 and higher levels in coming days. Copper has strong support below  405 levels any dip will  retest  396 levels. The commodity  has broken the broad range between 412 and 436, we may witness lower levels if current rates are sustained.