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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.