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      Technical comment for the day: Copper

      MoM Team / Mumbai, May 16, 2017 06:05 AM IST

        Technical comment for the day: Copper

        The prices of copper gained on the back of increase in long positions in the metal. Deprived Copper showed some recovery of 0.46 percent in the session gone by. At the time of closing Copper was at Rs 361.45 per kg.

        On the higher side, Rs 363.80 per kg was noted while on the lower side, Rs 360.45 per kg was tested. Resistance for Copper is at Rs 370-375 per kg. Supports of Rs 355 and 350 per kg is active.


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      Source: Capital Market


    Energy Preview: MCX Crude rises well above Rs 3200 mark

    The commodity currently quotes at $ 49.74 per barrel, down around 0.30 percent.


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