Wednesday, 16 May 2012
COPPER TRADING STRATEGY, MCX COMMODITY TREND TODAY 16 MAY 2012
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.