AHMEDABAD (Commodity Online): Copper June contract has moved up by 1.61% during trading session in MCX due to Euro gain against Dollar.
Copper opened at Rs 309.05 per Kg and made low of 309.05 while it made high of 315.40. Total volume is around 58079 lots and open interest is around 23572.
“Technically, support level is at 311” said Hardik Shah, Sr. Commodity Analyst with Commodity Online.
Copper increased from 305 to 315 within 2 days. 14 days RSI for Copper is at 43.
“Fundamentally, Copper is strong . One can make long position at 310 levels for long term.” Said Shah.
To get in touch with the Analyst on this report, please mail to tips@commodityonline.com
