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Sunday, November 8, 2015

COPPER UPDATES FOR NOV 8 2015

SUNDAY



WEEKLY UPDATE



Copper in mcx last week dropped from 340 levels to close at 328.5 levels, prices have



closed well below its strong supports of say 329 levels, we expect correction to continue



till 310 levels, but strong supports is there at 325 levels, now any breakdown below 325



will be considered as breakdown and we expect correction up to 310 levels positional.



Weekly Call




Sell Copper on rises between 329 – 331




with SL above 335




for target 325



( any close below 325 add further shorts with same stops for targets 315and 310) positional.




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