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Sunday, March 9, 2014
MCX COPPER UPDATES FOR MARCH 9 2014
SUNDAY
WEEKLY UPDATE
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.