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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.