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Monday, April 14, 2014
MCX COPPER UPDATES FOR APRIL 14 2014
MONDAY
WEEKLY UPDATE
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/