SUNDAY

WEEKLY UPDATES

Copper in mcx is highly range bound and is trading in the range 

between 396 to 407 levels for the whole week and we expect 

for the week ahead to move southwards because each and every

 time when bulls push up the commodity bears upper hand is

 clearly witnessed  in the market and prices also closed at psychological

 level of say 400.for the week ahead we are bearish in the commodity 

and any opportunity on higher side is a sign to sell the commodity 

with stops above 408 levels.

Weekly call :

1)      Sell  copper on highs near 403 – 405

 with stops above 408 levels

 for targets 396 and 392 levels ..

2)      Sell copper only below close of 396

 with stops above 404

 for targets 389 and 383..