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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.
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.