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Sunday, August 11, 2013

MCX COPPER UPDATES FOR AUG 11 2013

SUNDAY


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MARKET UPDATE

Copper as per our special report after given a short term breakout

has went up to 442 levels, now if we took a broader view on daily

chart it has given a inverted head and shoulder pattern break out

for which the neck line is 432 levels now that the prices also closed

well above the level which shows a good bull rally is expected in

copper for medium term up to 465 levels in a week or so..

Rsi for the commodity also confirms the same so for the week ahead

one can buy copper at cmp and wait for the targets.

Call

Buy Copper at cmp 442.5 and dips up to (neckline levels) 435

with stops below 426

for positional target 458 and 465..