Monday, May 30, 2011

MCX Copper and Zinc Trading Range : Base metals Updates

Copper MCX June futures is facing a Sideways to slightly lower mode today. It opened at 418 which was the day high for today. The nearest support level for silver is 413, which if Copper success to hold, it may go up to 418-420 levels.

For Intraday Sell Copper Below 413 For the targets of 410-409 SL- 414.50

above 416 go for Buy target 418-420

In MCX Zinc May Futures above 102.80 a bullish trend can be seen today otherwise a mild correction might force Zinc to sell off towards 100.30. A direct sell off can be seen below 98.70 levels.


Posted By Commodity MCX Tips