WEDNESDAY



MORNING UPDATE



Base metals corrected sharply in trade yesterday


 in the background of a stronger dollar .



The dollar index was little changed this morning


 as investors are trying to understand the speech 


by US Fed Vice Chairman in which he has 



expressed a cautious  view in raising interest rates .


Trump has warned China of imposition of 


further trade tariffs  against China 


All these are having a bearish sentiment on


 Base Metal prices .


Mcx Copper currently trading at Rs 426.60 ,


 above its resistance .


But we have to watch for further trend ,



LEVELS ARE AS UNDER


SUPPORT 1  425



SUPPORT 2 423


SUPPORT 3 421



RESISTANCE 1 427,50


RESISTANCE 2 429



RESISTANCE 3 430.20



We will keep updating