SUNDAY

WEEKLY UPDATE

Mcx Copper remains weak and after long days prices dropped up to 408 levels, 

but recovered back to 414 levels before weekly close. Trend for the commodity

remains bearish and we expect prices to correct further to test 400 levels but it

 should close below 412 levels as per the charts. Only a close below 412 or a 

decisive break down below 412 may pull down the prices to 400 levels.

Weekly Call :

Mcx Copper sell only below 412 on closing basis

 or a decisive breakdown ( means if prices were trading below 412 for more than 4 hours)

 with stops above 417.5 for targets 407 , 403 and 400.. 

any time close below 400

 then prices is expected to test 385 levels…