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Sunday, November 15, 2015

COPPER UPDATES FOR NOV 15 2015

SUNDAY


WEEKLY UPDATE



Mcx Copper was trading in southward direction for more than three weeks and dropped to



316 levels, strong supports for the commodity is now at 316 levels and any breakdown below




316 will be considered as a breakdown and may extend its correction further up to 305 levels



with strong resistance above 328 levels, sell only below 316 and on rises up to 319 with stops



above 328 levels is advisable.



Weekly Call :




Sell Mcx Copper only below 316



and add further on rises up to 319




with SL above 325




for targets 308, and 305 levels.





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