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Sunday, January 10, 2016

COPPER UPDATES FOR JAN 10 2016




SUNDAY




WEEKLY UPDATE



Mcx Copper prices last week dropped from 315 levels to test a low of 299 and


closed at 301 levels, over all trend for the commodity remains very bearish


and we expect prices to give further correction immediately up to 293 levels


and any close below 293 may have further correction up to 270 levels, over


all base metals market looks very sluggish due to uncertainty in china ,


sell on rises is advisable for now.



Weekly Call :



Sell Copper on rises between 303-305


with SL above 311 for target 293


and any close below 293


add further shorts


with stops at cost


for target 283,275 and 270.




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