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Sunday, August 23, 2015

COPPER UPDATES FOR AUG 23 2015

SUNDAY



WEEKLY UPDATE



Mcx Copper prices were trading in the range between 330 – 340 for more than two weeks , either break will



confirm the next move till then we expect prices to move in the same range without any clear direction,



technically one can buy copper only above 342 with stops below 335 for targets 350 and 355, similarly



one can sell only below 328 levels with stops above 335 for targets 320 and 315.



Weekly Call :




Buy If copper gives a breakout above 342 levels



and add further on dips up to 340



with sl below 335 for targets 350 and 355.



Sell If copper gives a breakdown only below 328



and add further on rises up to 330



with sl above 335




for targets 320 and 315.


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