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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.