Friday, April 29, 2011

Copper Updates- Evening Trading Range

For today's session MCX Copper May contract is looking to take support at 416, a break below could see a test of 412.4 and where as resistance is now likely to be seen at 428.7, a move above could see prices testing 432.4. 

Copper futures May Contracts trading range is 413.6-432.4.

Short term traders can sell MCX Copper May contract near about 427 with the stop loss of 439 and can wait for the targets of 414 and 409.


Posted By Commodity MCX Tips