MCX Copper Tips | MCX Copper continue to slide on weak global cues

Posted by Gold Trading on Jun 20th, 2010 and filed under Copper, Gold Trading, Mcx Tips. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

MUMBAI, June 20 (www.GoldTradingCalls.com ) MCX Copper slipped further to INR 294.30 from previous weekly close from INR 303.70 per kg on the local non-ferrous metal market today on increased selling by stockists, influenced by a weakening trend at the London Metal Exchange.

Our inhouse Cycle analysis says that MCX Copper prices are heading for Support area around the double bottom level at INR 284.10 and once it breaks below 284.10 should find support at 275 and then at 269.30 levels. We expect the MCX copper prices to show weakness for about a week.

Shorts can be initiated once INR 291.10 is taken out.

Click the url to find out the latest MCX Copper Tips

www.GoldTradingCalls.com

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3 Responses for “MCX Copper Tips | MCX Copper continue to slide on weak global cues”

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June 29, 2010 at 9:15 am

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