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Sunday, May 17, 2015
COPPER UPDATES FOR MAY 17 2015
SUNDAY
WEEKLY UPDATE
Mcx Copper prices was highly trading in the range between 410 - 420 levels trend remains sideways ,
either breakout or breakdown will confirm the next move till then we expect prices to trade in
the same band, immediate supports for the commodity is at 410 and resistance at 415 and 417.2 levels.
Sell below supports is advisable.
Weekly Call :
Sell Mcx Copper or Copper mini only below 410 levels
and add further on rises up to 413.5 levels
with stops above 417
for targets 404 and 400 levels.
WEEKLY UPDATE
Mcx Copper prices was highly trading in the range between 410 - 420 levels trend remains sideways ,
either breakout or breakdown will confirm the next move till then we expect prices to trade in
the same band, immediate supports for the commodity is at 410 and resistance at 415 and 417.2 levels.
Sell below supports is advisable.
Weekly Call :
Sell Mcx Copper or Copper mini only below 410 levels
and add further on rises up to 413.5 levels
with stops above 417
for targets 404 and 400 levels.