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Friday, January 30, 2009

UPDATES

TECHNICALS FOR NYMEX TRADING JAN 30

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 152, 148, 144.75

RESISTANCES ; 156, 159, 162

STAY SHORT AT RESISTANCES

9 comments:

Amit Sethi said...

Can we short 154.5 with a stoploss of 156?

akshaya said...

amit,

trail stops at 156.5
akshaya

akshaya said...

amit

fresh shorts not advised.

akshaya

Amit Sethi said...

Stop loss for copper triggered, now what to do?

Anurag said...

I Short at 165.00
What to do now

Anurag said...

156.00

akshaya said...

amit sethi,

overall immediate trend is bearish only ,but because of weekend you may close poition tonite and a fresh view could be taken on monday.now trading at rs,154.50 , you may trail stop loss to cost also.
akshaya

akshaya said...

anurag,

overall trend bearish only but better to close any intraday positions because of weekend and fresh call could be initiated on monday.
akshaya

Mohd Taufeeq said...

sir
good eveing