SUNDAY




WEEKLY UPDATE


Mcx Natural gas was trading in the range between 160 – 165 levels with 165 acting as a strong



resistance for now and 160 as sits strong supports either break may witness a rally, but over



all scenario looks bearish from our point of view and we expect a correction to happen only



below 160, because for last one week prices have taken very strong supports at the above said levels.



Weekly Call :



Mcx Copper last week was traded in the range between 340 – 345 for first session and on week



end closing it bounced to hit a high of 352 levels and dropped back to close at 347.7 levels,



trend for the commodity looks bullish with supports below 340, one can buy copper for



target 358 to 365 levels.




Weekly Call :



Buy Copper between 345 – 347.5



with SL below 340



for targets 355 and 358.



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