Copper ended the session on 30 Jan 2017 at INR 398.1 per kg. The prices tested a high of INR 405 per kg and a low of INR 395 per kg. Technical charts suggest that breach below INR 395 per kg will be damaging for Copper. Copper was declining in the first session of the week even though the Money managers showed gains in long positions.

Commitment of trader’s report was released on 24 Jan 2017 which will be critical for the metal in the coming days. The Money Managers were interested in depleting their short positions and increasing long positions.

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