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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.