Tuesday, July 26, 2011

Copper tips Today: Base Metals Report (26 July 2011)

MCX copper (Aug) prices touched the upside level of 437.5 after opening at 434. This metal is looking range-bound for the day until it cross 437.50 mark on upside. On the downside 431.50 seems to be nearest support for this base metal. Below 427 it may face major selling pressure.
Overall trend is still bullish and traders are advised to buy Copper around 436-436.50 for the targets of 437.50-440 keeping stoploss below 432.50.


Posted By Commodity MCX Tips