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.

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Posted By Commodity MCX Tips