Tuesday, June 14, 2011

MCX Base metals Updates- Copper Trend

Copper rose amid Chinese economic data mixed and is likely to move further up is breaches the level of 406. Above 407 Copper can test 410 level and then 412-414 levels. If it trades Below 405, a fall it 403-400 can be seen for the day.

For intraday Buy Copper futures June contract above 406.50 for the targets of 407.50-409.00 Stoploss 405.50.


Posted By Commodity MCX Tips