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Monday, August 2, 2010

GM, AUG 2,7.45AM:CRUDE$79.30(OPENS HIGHER0.37CENTS),NAT GAS$4.98(OPENS ABOUT 1% HIGHER)//GOLD$1184,SILVER$18.06(OPENS MARGINALLY POSITVE)//BASE METALS OPENS MARGINALLY HIGHER, LME COPPER AROUND $7290//CHINA MANUFACTURING DATA RELEASED THIS MORNING SHOWS SLOWEST GROWTH IN PAST 17 MONTHS!!!..US ISM MANUFACTURING DATA TO BE RELEASED THIS EVENING!!

7 comments:

manu said...

Hi akshaya, Can you post trend view about copper.
with copper level just above strong resistance, will it crawl towards new high or

would fall due to bad data and profit booking ?

thanks

aaa said...

it will go up manu dnt wrry

Buy Cppr in the range 338.5-339 targeting 341.5 & 344 Sl 336.9

aaa said...

1st trgt is being achieved made a high of 41.15

Unknown said...

HI AKSHAYA,

I MAKE AUG COPPER SHORT ON RS 334

WHAT TO DO NOW, SHOULD I AVERAGE OR WAIT OR EXIT FROM THE POSITION.

THNX
MOHIT

aaa said...

exit is the only way out or u can wait for a dip arnd 339.5 to 40
1st trgt achieved in cppr made a high of 341.55

akshaya said...

sirs,
copper looks positve for tgt 344 to 345 imm supp at 338,
akshaya

Unknown said...

@aaa

first learn to give calls!