Published on 2009-08-20 09:38:03
Singapore - India August MCX copper futures likely in range after prices consolidating around INR295; looking to global equity markets for fresh cues. "Yesterday's late rebound on a sharp rise in crude oil prices may extend further if supported by equity markets and the overseas U.S. dollar," says STCI commodities trader Kapil Gandhi; expects contract to test INR300 resistance. It last ended flat at INR296.90, off intraday low of INR287.
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