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Sunday, August 2, 2015

COPPER UPDATES FOR AUG 2 2015

SUNDAY




WEEKLY UPDATE




Mcx Copper prices was trading in southwards direction for more than two months and now prices came once again



close to its strong supports at 334 levels, any close below 334 levels will bring down the prices to 325 and



320 levels but positionally we expect prices to test 290 levels with strong resistance above 355 levels,



for short term our stops remains 342 levels. Sell at current levels and on rises is advisable.



Weekly Call :




Sell Copper only below 334



and add further on rises up to 337



with stops above 342


for target 325 and 320.



Positional call :



Sell Copper on weekly close below 334



and add further on rises up to 340



with stops above 355



for target 304,295 and 285.



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