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Sunday, November 9, 2014
COPPER UPDATES FOR NOV 9 2014
SUNDAY
WEEKLY UPDATE
Copper in mcx last week dropped from 417 levels to 403 and then bounced back
to close at 414.5 levels, technical picture shows formation of double
bottom for the commodity which means some sort of bullishness is expected
in the commodity atleast up to 421 levels, hope the week ahead first half
may witness bull trend and second half selling is expected.
Weekly Call :
Buy Copper on dips between 410 – 412
with stops below 403
for target 421.
only for high risk player)
WEEKLY UPDATE
Copper in mcx last week dropped from 417 levels to 403 and then bounced back
to close at 414.5 levels, technical picture shows formation of double
bottom for the commodity which means some sort of bullishness is expected
in the commodity atleast up to 421 levels, hope the week ahead first half
may witness bull trend and second half selling is expected.
Weekly Call :
Buy Copper on dips between 410 – 412
with stops below 403
for target 421.
only for high risk player)