Commodity Online MUMBAI: The strength of the US dollar has been seen harmful to the non ferrous metals especially copper as the prices declined in domestic as well as in the global market on Monday.
Easiest way to get Futures prices of MCX & NCDEXHowever, MCX Copper found some buying support, thanks to the weakness in the Indian rupee. June contract surged up by 0.68 percent to Rs 178.15 per kg. MCX Copper for April expiry is trading at Rs 174 per kg after touching a day's low of Rs 171.50. Supports for the contract are at 170 and 168 levels. Resistances are at 175 and 177 levels.
COMEX Copper futures for May are trading at $1.5225, down $1.60 per pound from the previous close. LME Copper for three-month delivery was down $95 from Friday's London kerb, at $3,354 a metric ton.
