Wednesday 16 May 2012

COPPER TRADING STRATEGY, MCX COMMODITY TREND TODAY 16 MAY 2012

Copper Update, MCX Tips, Commodity Live Update, Future Tips, MCX Copper Tips, Support, Level, Resistance, MCX Sure Shot Call Today, Free Commodity trading Tips, Intraday Tips

Copper Updates

 

MCX Copper June and July future contract has introduced negative trend today. We might see bearish trend again which we are witnessing at the current moment. In domestic market MCX Copper has slipped more than half percent for June contract, while August future contract also is trading down near to half percent.

In previous session MCX Copper has started down with Rs 421, while last trade of Copper was closed down one percent with Rs 421.55 for June contract.

Current Seen of MCX Copper is trading down 0.52 percent at Rs 419.35 at around 10.30 Am.
Currently Copper is accepting consolidate trend.

Advises for every traders or investors- If copper is go below  at 419 so immediate Sell for June contract.
Targets- 417.31, 416.55.

MCX Copper resistance and Support for Today
Support- 419-417.
Resistance- 424-426.

 

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