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Sunday, February 9, 2014
MCX COPPER UPDATES FOR FEB 9 2014
SUNDAY
Copper in mcx was broadly trading in the range strong
resistance is now at
452 and 446 levels and supports at 441, prices even last
week tested a low
of 441 levels but again bounced back to 446 , over all trend
for the commodity
looks sideways and no clarity seen in the market, However
above 446 prices
may test 452 levels and if prices continue to trade in the
same range then 441
is the support breaks below then 431 is the target.
Enter
with the given levels as per market opening.
Weekly call:
Wait for entries or
sell copper only below 441
and add
further on rises up to 443 levels
with stops above 446
for targets 435 and 432
levels.