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Wednesday, February 18, 2009

UPDATE

LME INVENTORY FEB 18

COPPER DOWN 1125 MT

6 comments:

Unknown said...

What does this mean? Will the prices go up or down? What would be the immediate trend? Thanks sir

akshaya said...

SUNIL,

SINCE STOCKS ARE DOWN PRICES MAY CORRECT A BIT UP, NOT BIG ENOUGH AS OF NOW TO GIVE BUY CALL!!!
AKSHAYA

Unknown said...

But i had shot kopper at 156, would you advise me whether to hold or quit at loss? Thanks sir.

akshaya said...

sunil,

keep stop loss 158.80.
akshaya

chiranjeevi said...

shall we buy copper at this level ?

akshaya said...

CHIRANJEEVI,

COPPER SUPPORT IS 157.30 AND RESISTANCE 160.50.
AKSHAYA