Friday, July 22, 2011

MCX Copper and Zinc Updates (22 July 2011)

In broad perspective MCX zinc is still in positive run. The crucial upside level is seen near 107.9 mark above which Zinc may see some upside momentum till 110-112 levels. Below 105 selling pressure may weaken zinc to push down to 103-101 levels.

Copper lost almost 1.5% and heading towards crucial 427 mark as below the same some more sell off can be seen till 424-422 level. Above 434.50 copper is looking bullish. Above the same it may test 437-439 levels for the day.
Intrady Traders can buy Copper above 434.5 for the targets of 436-437-439.


Posted By Commodity MCX Tips