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Sunday, March 9, 2014

MCX COPPER UPDATES FOR MARCH 9 2014

SUNDAY


WEEKLY UPDATE

Copper in mcx has broken all its supports and closed at 421.5 levels. 

Prices looks further bearish and is expected to test 400 levels in the 

week, any rise is an good opportunity to sell the commodity for the 

said targets, if we place a fibinocci chart for the range 429 to 474, 

prices have already broken all its supports and is expected to test its 

161% retracement levels.

Weekly call :


Sell Copper  at cmp 421.5

 and add one more at 426 

with stops above 431

 for targets  407 , 402 and 400.