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Sunday, May 10, 2015
COPPER UPDATES FOR MAY 10 2015
SUNDAY
WEEKLY UPDATE
Copper last whole week was witnessed a range bound trades between 412 – 418 levels,
trend for the commodity looks bullish but a breakout above 417 will give further
bullish sign, till then we expect such kind of range bound trades to happen supports
for the commodity is now at 410 and 407 levels resistance at 417 and 420 levels.
Weekly Call :
Buy Copper or copper mini only above 417 and add further on dips up to 414 with
stops below 410 for
targets 425 and 430.
WEEKLY UPDATE
Copper last whole week was witnessed a range bound trades between 412 – 418 levels,
trend for the commodity looks bullish but a breakout above 417 will give further
bullish sign, till then we expect such kind of range bound trades to happen supports
for the commodity is now at 410 and 407 levels resistance at 417 and 420 levels.
Weekly Call :
Buy Copper or copper mini only above 417 and add further on dips up to 414 with
stops below 410 for
targets 425 and 430.