Copper futures acquired marginal gains in today’s trade. The red metal was faced a series of losses during previous sessions. However, analysts said that the recent rise in copper is limited to short term.
MCX Copper for February expiry was at Rs 160.60 per kg up Rs 2. Resistances for the contract are at 161 levels. Supports for the contract are at 155.50 levels. LME Inventories declined by 1125 tons to 525300 tons. LME prices on 17th Feb declined to $ 3300 per ton down $ 24.
