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Posted by
Unknown on Wednesday, November 16, 2011
Mcx Base Metals Trend :- Due to International market decline in base metals copper and nickel have started with the fall. MCX Copper is trading at Rs 390 with Around 1 per cent fall . While on MCX Nickel is trading at Rs 902.70 with mild decline.
MCX Copper November Sell - 388.50, Stoploss - 392 Target - 380
Posted by
Unknown on Monday, September 12, 2011
Base metals are trading weak today. LME Base Metals on the weakness in the domestic Market is trading at around 1 per cent fall. The largest decline has come to lead.
MCX Copper Sell -414, Stoploss - 418, Target -408
Posted by
Anonymous on Tuesday, October 5, 2010
Technical Analysis COPPER
Weekly Pivots
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
COPPER 411.95 396.65 381.35 375.20 366.05 359.90 350.75 335.45 320.15
Weekly Chart
Market Overview
Copper is in an upward consolidation phase and traders should use the strategy of buying on lower levels. If next week COMEX Copper sustains above the level of 355 then above the level of 379 Copper can test the level of 390. In MCX Copper above 372 Copper can test the level of 383 if it does not break the level of 347 on the downside.
Strategy
For the upcoming week 379 and 391 will act as major resistance and 334 and 316 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 372 and 388 and supports would be found at 347 and 328.
