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Sunday, May 18, 2014

MCX COPPER UPDATES FOR MAY 18 2014

SUNDAY


WEEKLY UPDATE



Copper in mcx last week has given a clear signal that 420 levels


remains very strong resistance and prices could not able to breach


the level , as marked in the chart for consecutive three days prices


test the resistance but not able to hold above the levels and dropped


to supports , now 408 remains strong supports closes below 408 then


400 and 396 is the targets.


Weekly Call :



Sell copper either on decisive break down below 408


or close below 408 and


add further on rises up to 412


with stops above 418


for targets 400 and 396.