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Sunday, February 23, 2014
MCX COPPER UPDATES FOR FEB 23 2014
SUNDAY
Mcx Copper was trading sideways for more than three weeks
now prices
last week broken above its strong resistance of say 451 but could
not able
to sustain at higher levels and dropped back to 450 levels however
trend
for the commodity remains positive with supports below 448 levels and
resistance at 451 levels, only a decisive break above the said level of 451
will turn the commodity positive till then prices is expected to move in
the
range between 441 to 451.
Weekly call :
Sell copper only below 448
with stops above 451
for targets
443 and 441.