Copper April contract on inched 0.20 rupees down to settle at 406.80. Today price objective for bulls would be 409 any sustained move above that level would bring 414-417-422 and more upside. Support is now seen near 405 any sustained move below this level would bring more weakness and then we may see retest to 400 zones. Key support would be 399 and any failure below that level would bring 382 on cards. Overall trend support would be 390 and closing below that level would bring 365 and more down side.
Copper trading range for the day is expected among the key support at 399 and resistance at 411.
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