Copper Nickel and Zinc Updates and Trdaing Recommendation

MCX Copper-  

Copper has retested the 8 EMA and is again looking weak. It has fallen sharply from this average from past few weeks. We expect a

decline to test 390 levels in the short term.

Trading Tips: Sell in the range of 398-400 levels with a stop loss placed above 402.80 levels for targets of 392 / 390 levels.

MCX Nickel- 

A sideways consolidation in the range of 1080-1130 levels. We expect prices to see weakness for short term declines to test 1160 levels.
Trading Tips: Sell in the range of 1090-1100 levels with a stop loss placed above 1111 levels for targets of 1060 levels.

MCX Zinc 

Prices have again come down below the resistance of 8 EMA levels. We now expect that prices may see short term declines to test 93 levels.
Trading Tips: Sell in the range of 96-96.50 levels with a stop loss placed above 97.50 levels for targets of 93 levels.

 

Posted in: Copper Updates,MCX Nickel,Zinc Updates