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Thursday, August 1, 2013

MCX COPPER UPDATES FOR AUG 1 2013

THURSDAY 8.40 PM IST


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ALERT


Copper after a long consolidation between 405 to 426,


now prices has shown a good momentum to break its strong


resistance levels of say 427..


from the above chart one can able to check the line s marked


which shows clearly a ascending Triangle pattern breakout,


if prices closes above the said level of 427 then


for short term copper may test 440 and 448,


RSI for the commodity has also confirms the bulish trend..


For short term one can buy copper for the said targets..


Call : Buy Copper only above 427 on closing basis


and add further on dips up to 421


with stops below 415 for



targets 440 and 448..