Wednesday, June 29, 2011

MCX Copper Updates- Today's Trend

The broad rang bound sessions of 412-400 was broken out today in early session and Copper showed some good momentum. For the day we can expect some more rallies towards 415-418 followed by 425 later but some minor correction may also be encounter before big moves. To negate this bullish view copper will have to trade below 405 level.
For Intraday One may buy Copper above 412.50 For the targets of 415-418 Stoploss below 409.50

Below 409 Sell Copper For the Targets of 405


Posted By Commodity MCX Tips