Tuesday, October 18, 2011

Base Metals Updates: Copper Tips Today

A sharp decline has been seen in Copper commodity. On MCX, Copper is trading lower by more than 1.50%. The deepening concern over Euro debt crisis is the main reason for this decline.
 As per international news and updates, Copper is likely to trade negatively as far as it trades below 367 level. Below 359.50 this downward trend could extend till 355-352 levels while a trade with volume above 367 may strengthen the upside trend. Day traders can opt for buy on dips strategy.

Major downfall is expected below 352 mark.


Posted By Commodity MCX Tips