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Sunday, May 4, 2014
MCX COPPER UPDATES FOR MAY 4 2014
SUNDAY
MARKET UPDATE
Copper prices last week dropped form 420 to 403 levels
in the expiry contract , jun contract dropped up to 405.5
level and close at 411.55 which is above its crucial
resistance, weekly closing shows positive sign and we
expect prices to move northwards to test 420 to 424 levels.
Weekly Call :
Buy Copper at cmp 411.5
and add on dips up to 408
with stops below 405
for targets 420 and 424.
MARKET UPDATE
Copper prices last week dropped form 420 to 403 levels
in the expiry contract , jun contract dropped up to 405.5
level and close at 411.55 which is above its crucial
resistance, weekly closing shows positive sign and we
expect prices to move northwards to test 420 to 424 levels.
Weekly Call :
Buy Copper at cmp 411.5
and add on dips up to 408
with stops below 405
for targets 420 and 424.