SUNDAY

WEEKLY UPDATE



Copper prices dropped to 398 levels on the closing day of the November

contract, prices were trading range bound between 403 to 421 levels for

more than a month , and decisive break down was happened only yesterday

which helps the bears to pull down the commodity , we expect prices to

correct further to test 385 levels which we updated very earlier in our

October 18th weekly update, we still maintain the same view in copper

as the chart are very clear that whenever prices move up bears upper

hand was seen in the market now it has broken all its supports and

close well below 403 and 407 levels now the above said level remains as strong resistance.


Weekly Call :


Sell Copper between 398 – 400

with stops above 407

for targets 390 and 385.

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