India, Sept. 11 -- Technically Copper market is under long liquidation as market has witnessed drop in open interest by 7. 81% to settled at 3577 while prices down 6.7 rupees.
Now MCX Copper is getting support at 515.2 and below same could see a test of 511.6 levels and resistance is now likely to be seen at 523.9 a move above could see prices testing 529.
Copper yesterday settled down by 1.27% at 518.9 as heightened Sino-U.S. tensions and caution ahead of the European Central Bank (ECB) policy meeting kept trading subdued.
Notwithstanding headwinds arising from the intensifying rift between Washington and Beijing economic stimulus measures across the world limiting the downside.
Pressure seen a survey that revealed concerns by U.S. com...