CO:MCX Copper fights back on improved European Debt condition
AHMEDABAD (Commodity Online): MCX Copper yesterday closed at Rs. 357.35 as against previous close of Rs. 343.95. From past few days base metals are getting support from the lower prices,encouraged by signs that Europe's debt crisis was being brought under control. Supply side was remained a concerned on the occasion of the dispute by the workers on the subject of increase in “wages”.
Technically, MCX Copper is expected to take support around the level of Rs. 351 and resistance is looking around Rs. 369 and if prices are able to rest above Rs.369, it is expected to touch the level of Rs.387.
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