COPPER TIPS TREND TRADING LEVELS For Today: Today morning base metals are trading down by 0.2 to 1.1 percent at LME. Japan’s copper shipments increased by a percent. We expect a range bound session and expect limited upside on the back of hopes of increased easing. Copper futures for Sept. delivery closed higher by 1.6% at $3.5345 per pound on the COMEX. In MCX copper prices gained by 1.2 percent and closed at Rs.431/kg after touching an intra-day high of Rs.431.7/kg. However, appreciation in the Indian Rupee capped further movement in the prices.
Copper Aug: Support==428/426 Resistance==432.5/435
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