AHMEDABAD (Commodity Online): Copper prices fell in today's session as gains in the past month kept Chinese buyers at bay and the euro zone debt crisis continued to weigh on sentiment.
Currently MCX Copper February contract trading at Rs 415.15, down by 0.85 percent, by 16:53 IST. It touched an intra-day high of Rs 418.25 and an intra-day low of Rs 414.65.
Technically MCX Copper February contract having good support at Rs 412 and Resistance at Rs 420.Copper prices expect to trade lower today on the back of unfavorable economic data from the US and concerns over Euro Zone debt worries, says Ankush Kumar Jain, Analyst with Commodity Online.
Intra-day traders advised to sell Copper February contract around Rs 416 with stop loss of Rs 419 for target Rs 413 and 410,added Jain.
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