Commodity Outlook for Copper by KediaCommodity

CopperCopper continued its gain Saturday on stronger-than-expected U.S. home sales data released Friday. A pullback in the U.S. dollar also helped copper. Ongoing worries about Greece's ability to finance its debt have in recent weeks pressured the euro and other assets thought of as riskier Copper has touched a low of Rs 344.1 a kg after opening at Rs 344.1, and last traded at Rs344.95.For today market is looking for the support at 344.3, a break below could see a test of 343.7 and where as resistance is now likely to be seen at 345.3, a move above could see prices testing 345.7.

Trading Ideas:

Copper trading range is 343.7-345.7.

Copper continued its gain Saturday on stronger-than-expected U.S. home sales data

Copper is getting resistance at 346.40 and support is at 343.60 level.

Copper weekly stock at Shanghai exchange came up by 2012 tonnes.

BUY COPPER APR ABV 345 SL 343.50 TGT 346.80-348.MCX