Base metals Updates and Copepr tips for today

As was expected Copper declined in the trading session ending Thursday. The session however was a little dull. Failure to move past Rs 315 per kg on closing basis is expected to pose a threat on the prices in near future. Significant declines have been noted in Copper contract in last few sessions.

On Friday, supports for Copper are expected to emerge at Rs 305 and 302 per kg, while resistances are expected at Rs 315 per kg.

Thursday witnessed Copper ending at Rs 318.55 per kg, down 1.12%. The highs for Copper was at Rs 321.10 per kg while low was at Rs 316.6 per kg.

@ Sold Copper August future contract around 310 targets 308, 306 stop loss 312.

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