SUNDAY




WEEKLY UPDATE



Copper in mcx after a consolidation trade for over a week last week dropped below 400



and shed more than 8rs on weekend closing and confirmed its breakdown below 390 levels



and closed at 386 levels now next supports for the commodity is now at 380 and 378 levels



resistance for the commodity is now at 393 levels. Sell on rises is the advisable strategy.




Weekly Call :




Sell copper or copper mini at current levels 386.5




and add further shorts on rises up to 388.5



with stops above 393.5



for target 378.


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