Commodity Online MUMBAI: MCX Copper eased on Thursday as traders indulged in selling due to the weak global sentiments. At present the resistances for the contract are seen at Rs 249 per kg and supports are at 245.
MCX Copper opened down at Rs 246.20 per kg and is trading unchanged with the opening prices.The National Association of Realtors said that its index of pending home sales was up 0.1% in May and up 5.7% from a year ago, the fourth consecutive month of positive gain.
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The Institute of Supply Management's index of manufacturing increased from 42.8 to 44.8 in June, still a sign of contraction. The U.S. Census Bureau said that construction spending was down 0.9% in May and down 11.6% from a year ago.
