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Tuesday, August 23, 2016

Mcx Copper weekly call sells below 317, book part profits at 315.3

Monday, August 22, 2016

Copper Weekly Update : Mcx Copper was trading in rangebound or
directionless movements for more than two weeks between 317 -
325 , 317 remains strong supports and 325 remains resistance ,
when prices move above 323 levels selling pressure was witnessed
in the market and today it almost tested it strong supports at
317 and is trading close to it. We recommend to sell the
commodity below 317 on closing basis with stops above 325 for
targets up to 305 levels positionaly
Weekly update : Sell Mcx Copper on close below 317 and add
further on rises up to 319 with SL above 325 for targets 311 -
307 - 305