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Sunday, May 11, 2014
MCX COPPER UPDATES FOR MAY 11 2014
SUNDAY
MARKET UPDATE
Out of all the base metals copper and nickel looks bullish and is expected
to trade in positive direction copper prices was holding well above its
strong supports and last week prices closed at 411.7 levels for the
week ahead we expect prices to test 420 levels, any dip is an
opportunity to buy the commodity.
Weekly Update :
Buy Copper at cmp 411.7 and on dips up to 409 levels
with stops below 405 levels
for target 420.
MARKET UPDATE
Out of all the base metals copper and nickel looks bullish and is expected
to trade in positive direction copper prices was holding well above its
strong supports and last week prices closed at 411.7 levels for the
week ahead we expect prices to test 420 levels, any dip is an
opportunity to buy the commodity.
Weekly Update :
Buy Copper at cmp 411.7 and on dips up to 409 levels
with stops below 405 levels
for target 420.