SUNDAY

WEEKLY UPDATE

Copper for third consecutive week was trading in the same range between 407 to 417

levels, it was very clear from the above chart that only a close above 421.5 will

confirm the short term bullish trend till then we expect prices to move in the same

range, last week prices has given a momentum from 410 levels and jumped up to 418

levels but again on closing complete selling pressure was witnessed in the market

and dropped back to below 414.5 levels to close at 412.85.


Weekly Call :


Expect a range bound trade between 407 – 417.5 levels,

either break out or break down will confirm the next move.

Wait for fresh entries.

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