SUNDAY


WEEKLY UPDATE




Mcx Copper last week dropped from 318 levels to 307 and closed at 309.85 levels,



trend for the commodity remains bearish and sell on every rises is the strategy,



immediate resistance for the commodity is at 311 – 315 – 318 ,



and supports for the commodity is at 305 and



any close below 305 may have correction up to 295 levels.



Weekly Call :




Sell Copper on rises between 312 – 314



with SL above 318.5



for targets 307 – 305,


add further shorts on close below 305 for extended targets 299 - 295.



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