Wednesday, February 18, 2009
UPDATES ON FEB 18 2009
FEB 18 WEDNESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 156 , S2 RS 154.20 , S3 RS 152
R1 RS 159 , R2 RS 161 , R3 RS 163
STAY SHORT AT RESISTANCE.
Copper fell to a two-week low in London on speculation
ebbing demand will add to inventories already at a
five-year high. Aluminum and zinc also dropped.
Copper for delivery in three months dropped $130, or 3.9
percent, to $3,200 a metric ton at 5:14 p.m. local time on
the LME, retreating for a fifth session in six. The contract
declined as far as $3,185 a ton, the lowest since Feb. 2.
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 156 , S2 RS 154.20 , S3 RS 152
R1 RS 159 , R2 RS 161 , R3 RS 163
STAY SHORT AT RESISTANCE.
Copper fell to a two-week low in London on speculation
ebbing demand will add to inventories already at a
five-year high. Aluminum and zinc also dropped.
Copper for delivery in three months dropped $130, or 3.9
percent, to $3,200 a metric ton at 5:14 p.m. local time on
the LME, retreating for a fifth session in six. The contract
declined as far as $3,185 a ton, the lowest since Feb. 2.
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2 comments:
Is it advisable to buy Kopper at 157.50 for TP of 159? Thanks sir.
ATTENTION MR SUNIL
It is advisable to remain short in metals for the time being.
It is better to sell Copper below Rs 156 as advised in our blog.
AKSHAYA
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