Published on 2009-08-10 13:07:46
Singapore - India August MCX copper futures up 1.1% at INR296.60/kg on fresh technical buying from crucial 14-day moving average support of INR292.50; open interest up 6%. "Prices are firm on hopes that recovery in global economy will bolster the red-metal demand," says STCI Commodities trader Kapil Gandhi; expects contract to test INR300 psychological resistance.
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