MCX Copper prices for future are seen to be traded flat in yesterday’s trading session. The Copper MCX future made a low of 409.1 and noted a high of 415.8 and settled at 413. The copper MCX renders upside potential for the day.
The commodity copper prices breached the Trend Line resistance at 412.3 levels and if Copper MCX Sustains above is likely to trade higher.
The copper are witnessing the resistance at 417-418 levels. On breach and sustained trade above may escort the prices to further highs.
The momentum indicator RSI 14 Daily is treading at 0.517 levels and suggesting upside potential.
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