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Sunday, April 6, 2014

MCX COPPER UPDATES FOR APRIL 6 2014

SUNDAY


WEEKLY UPDATES

Copper in mcx  has dropped below its strong supports of say 403 levels

 now immediate supports for the commodity is at 400 levels

 close below 400 levels 

may push down the prices to 392 levels immediately, 

any time close below 396 will turn the commodity to bearish segment

 and we expect prices to test 375 levels positional 

  with strong resistance above 405 levels.

Weekly call :



Sell copper only below 400 

and add further up to 403 

with stops above 407.5 

for targets 394 and 392.