Friday, February 13, 2009
UPDATES ON FEB 13 2009
FEB 13 FRIDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 163.50 , S2 RS 161 , S3 RS 159
R1 RS 168 , R2 RS 171 , R3 RS 173.60
Copper for three-month delivery fell $39, or 1.1 percent, to
$3,420 a ton, the third straight decline.
LME copper stockpiles jumped 225 tons to 516,675 tons, the most
since Oct. 31, 2003, according to the exchange. They have
climbed 52 percent this year. Aluminum inventories are at
a record 2.9 million tons.
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 163.50 , S2 RS 161 , S3 RS 159
R1 RS 168 , R2 RS 171 , R3 RS 173.60
Copper for three-month delivery fell $39, or 1.1 percent, to
$3,420 a ton, the third straight decline.
LME copper stockpiles jumped 225 tons to 516,675 tons, the most
since Oct. 31, 2003, according to the exchange. They have
climbed 52 percent this year. Aluminum inventories are at
a record 2.9 million tons.
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2 comments:
Kan i Sell at 168 for a TP of 166? Thanks sir.
ATTENTION MR SUNIL
Copper looks weak below Rs 165.
It has an initial resistance at Rs 168.
If it sustains above that it can test up to Rs 172.
AKSHAYA
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