MCX Copper under fresh buying Support seen at 446.8
India, Jan. 8 -- Technically Copper market is under fresh buying as market has witnessed gain in open interest by 0. 67% to settled at 4496 while prices up 2.8 rupees.Now MCX Copper is getting support at 446.8 and below same could see a test of 444.6 levels and resistance is now likely to be seen at 450.4 a move above could see prices testing 451.8. Copper on MCX settled up 0.63% at 449.1 as Copper output slumped at Chile's state miner Codelco and BHP's sprawling Escondida mine in November amid a turbulent month of riots and mass protests that rocked the mineral-rich South American nation.Copper stocks in London Metal Exchange-monitored warehouses have slumped by 57.5% since late August and are currently at 142 900 tonnes the lowest since M...
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