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Sunday, April 27, 2014

MCX COPPER UPDATES FOR

SUNDAY

WEEKLY UPDATE


Copper after a long consolidation last week has given a break out

 above 410 levels and prices bounced in two  trading sessions to 

test a high of 422.5 levels and while closing dropped and close at

 418.5 levels we are extremely bullish on the commodity and we

 expect prices to test once again back to  428 to 434 levels with

 strong supp at  408 levels .

for the week ahead one can buy copper at current levels 

and add one more on dips near 413 levels 

with stops below 408 

for targets 428 and 434 levels

Weekly Call :


Buy Copper either at cmp 418.5 levels 

or on dips near 413 levels

 with stops below 408

 for targets 428 and 434 levels.