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Sunday, April 6, 2014
MCX COPPER UPDATES FOR APRIL 6 2014
SUNDAY
WEEKLY UPDATES
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.