India, Sept. 24 -- Technically Copper market is under fresh selling as market has witnessed gain in open interest by 17. 54% to settled at 2909 while prices down 6.6 rupees.
Now MCX Copper is getting support at 515.4 and below same could see a test of 512.7 levels and resistance is now likely to be seen at 522 a move above could see prices testing 525.9.
Copper yesterday settled down by 1.26% at 518.1 amid worries about fresh coronavirus-led lockdowns although expectations of strong Chinese demand limited downside.
The global world refined copper market showed a 192000 tonnes deficit in June compared with a 36000 tonnes deficit in May the International Copper Study Group (ICSG) said in its latest monthly bulletin.
For the first 6 months...