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Sunday, February 16, 2014
MCX COPPER UPDATES FOR FEB 16 2014
SUNDAY
Sell copper at 446 and add further on rises up to 449
with stops above 451
for targets 441, 436
We discussed lot about copper , copper continue to trade in
the same range
between 441 to 447 , which is short term supports and
resistance, either
break will give a rally till that market is expected to
trade in the same range
,however prices have shown a movement in last week to
break its resistance
but could not able to gain a pace to break the resistance
, so we strongly feel
that any rise in the commodity is and opportunity to sell
for targets 441 and
close below 441 will be a free fall, at the same time any
decisive breakout
above 451 levels then cut down all your short positions and
turn for buy..
Weekly call :
Sell copper at 446 and add further on rises up to 449
with stops above 451
for targets 441, 436