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Wednesday, May 21, 2008
UPDATES FOR 21 MAY
MAY 21 WEDNESDAY
SHORT TERM SIDEWAYS TARGET RS 348 TO 354
LONG TERM BULLISH TARGET RS 370
S1 RS 348.10 S2 RS 344.90 S3 RS 342.1-
R1 RS 354.20 R2 RS 357 R3 RS 360.20
PIVOT RS 350.90
Copper future edged higher covering back some of the losses
it posted yesterday after a large rise in LME monitored stocks
of the red metal as the dollar weakened against the Euro
following stronger than expected European data.
SHORT TERM SIDEWAYS TARGET RS 348 TO 354
LONG TERM BULLISH TARGET RS 370
S1 RS 348.10 S2 RS 344.90 S3 RS 342.1-
R1 RS 354.20 R2 RS 357 R3 RS 360.20
PIVOT RS 350.90
Copper future edged higher covering back some of the losses
it posted yesterday after a large rise in LME monitored stocks
of the red metal as the dollar weakened against the Euro
following stronger than expected European data.
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