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Wednesday, March 4, 2009
UPDATES ON MAR 4 2009
MAR 4 WEDNESDAY
TREND : UP
SUPPORT 1 RS 181.50 , SUPPORT 2 RS 180 , SUPPORT 3 RS 178
RESISTANCE 1 RS 184.80 , R2 RS 186.80 , R3 RS 190
STAY LONG AT SUPPORT.
Copper prices were higher Tuesday after inventories in
London Metal Exchange warehouses fell again and as the
dollar remained relatively weak.
Copper for delivery in three months rose $135, or 4 percent,
to $3,520 a ton at 5:38 p.m. local time. The contract lost
54 percent in 2008.
TREND : UP
SUPPORT 1 RS 181.50 , SUPPORT 2 RS 180 , SUPPORT 3 RS 178
RESISTANCE 1 RS 184.80 , R2 RS 186.80 , R3 RS 190
STAY LONG AT SUPPORT.
Copper prices were higher Tuesday after inventories in
London Metal Exchange warehouses fell again and as the
dollar remained relatively weak.
Copper for delivery in three months rose $135, or 4 percent,
to $3,520 a ton at 5:38 p.m. local time. The contract lost
54 percent in 2008.
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