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Monday, April 14, 2014

MCX COPPER UPDATES FOR APRIL 14 2014

MONDAY

WEEKLY UPDATE


Copper for last three weeks prices are trading in the same range

 between, yesterday prices has given a bounce but could not able

 to sustain above its resistance level and once again dropped back

 below its support levels and closed at 405.1, out of all the

 base metals copper is the only commodity to trade in negative 

territory, only a close above 407 will be considered as bullish sign

 and we expect prices to move further up to 412 levels.

Weekly Call :

Buy Copper only on a close above 407 levels

 with stops below 405 levels

 for tgt 412,


Any time close above 412

 then maintain the same stops for

 positional target of  425 levels/