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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.