MCX COPPER WEEKLY REPORT 11th April to 15th April.

Posted by Bhupendra Adhav on Saturday, April 9, 2011


SCRIPT       R3         R2          R1          P             S1           S2          S3        
COPPER   503.60     472.50   461.30     441.30       430.20      410.20   379.05


Market Overview
Copper is in an upward consolidation phase and traders should use the strategy of buy on lower levels. Last week COMEX Copper was up for most part of week. If next week COMEX Copper sustains above the level of 440 then above the level of 450 Copper can test the level of 457. In MCX Copper above 450 Copper can test the level of 450 if it does not break the level of 433 on the downside.

Strategy
For the upcoming week 460 and 475 will act as major resistance and 430 and 417 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 450 and 460 and supports would be found at 430 and 420. 

MCX Tips for Today

Here we daily post MCX Tips for Today for Bullion Commodity Gold Silver, Energy Crude Oil and Natural Gas and Base Metals - Copper, Zinc, Aluminum, Lead and Nickel Tips trend and trading levels for today.
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