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Sunday, June 12, 2016

COPPER UPDATES FOR JUNE 12 2016

SUNDAY


WEEKLY UPDATE



Mcx Copper was trading in the negative territory for more than a month now and



last week prices even tested low of 295 levels, trend for the commodity remains



bearish we expect prices to correct if moves up immediate resistance for the



commodity is at 305 – 308 and 312 levels, supports at 300 – 295 – 292 levels.




Weekly Call :




Either Wait for Fresh entries Or Sell Copper on rises between 305 – 308



with SL above 312



for targets 298 – 295 – 292.



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