The MCX-Copper contract continues its consolidation phase. Since November 2016, the contract has been range-bound between ₹365 and ₹415 per kg. It is currently testing the lower boundary of this range. A breakout on either side will decide the next move. The contract has a significant long-term support at ₹365. If it manages to reverse higher from ₹365, the sideways range will remain intact. It ca...
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