MONDAY



WEEKLY UPDATE




Mcx Copper last week dropped 303 levels but recovered back sharply to test a high of 314.3 levels and


closed at 313.3 levels, trend for the commodity remains sideways to bearish, much awaited fed policy


decision also announced market is still under pressure because of lack of demand from Chinese market


and huge inventory are the major reasons for Selling, clear trend have not emerged as of now,


but sell on rises is the advisable strategy for now. Immediate supports is now at 310 and 305


levels resistance at 316 levels.


Weekly Call :


Wait for entries or sell copper only below 305



and add further on rises up to 307


with SL above 311


for targets 298 and 294 levels.


Mcx Copper last week dropped 303 levels but recovered back sharply to test a high of 314.3 levels



and closed at 313.3 levels, trend for the commodity remains sideways to bearish,


much awaited fed policy decision