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Sunday, February 2, 2014
MCX COPPER UPDATES FOR FEB 2 2014
SUNDAY
Copper in mcx was dropped to 445 levels from 460 levels ,
462.5 remains strong resistance for the commodity in short term and the
next
resistance is at 456 and 454 levels ,now strong support is at 441 and
a break
will confirm the drop up to 430 levels. Because of Inr price fluctuation
may be
there but sell on rises will be the best strategy.
Weekly Call :
Sell copper at 445 and on rises up to 448
with stops above
452
for targets 440 , 436 and 432 levels.