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Sunday, May 25, 2014
MCX COPPER UPDATES FOR MAY 25 2014
SUNDAY
WEEKLY UPDATE
Copper prices last week tested its strong supports 405 levels and slowly
bounced back to close at 411 levels trend for the commodity looks bullish
and is expected to test 415 levels initially but breakout above 415 will
give a short term rally up to 425 levels, so breakout will decide the next move.
Weekly Call :
(Short term call) Buy Copper between 410.5-411
with stops below 408
for target 415.
Weekly Call :
Buy Copper Only above 415
and add further on dips up to 413
with stops below 408
for targets 423 and 425.
WEEKLY UPDATE
Copper prices last week tested its strong supports 405 levels and slowly
bounced back to close at 411 levels trend for the commodity looks bullish
and is expected to test 415 levels initially but breakout above 415 will
give a short term rally up to 425 levels, so breakout will decide the next move.
Weekly Call :
(Short term call) Buy Copper between 410.5-411
with stops below 408
for target 415.
Weekly Call :
Buy Copper Only above 415
and add further on dips up to 413
with stops below 408
for targets 423 and 425.