2/16/2012 06:05:00 PM
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MCX Commodity Tips Copper Trend Levels Strategy :- Last week COMEX Copper was neither able to sustain at higher level nor at lower level. For the next week traders can go for buy on lower level strategy in Copper. In next week if COMEX Copper sustains above the level of 380 then above the level of 390 Copper can test the level of 395/ 400 /405. In MCX, Copper sustains above 425 then it can test the level of 429/435/439 if it does not break the level of 415 on the downside.
WEEKLY PIVOTS: MCX Copper
R3-427.30 R2-407.70 R1-396.90
PP-388.20
S1-377.40 S2-368.60 S3-349.10
STRATEGY
For the week 400 and 420 will act as major resistance and 380 and 360 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 430 and 445 and supports would be found at 409 and 394. Get more MCX Commodity Tips Gold Silver Crude Copper Natural gas Aluminium, Nickel, Lead, Zinc and latest market trend & report.
WEEKLY PIVOTS: MCX Copper
R3-427.30 R2-407.70 R1-396.90
PP-388.20
S1-377.40 S2-368.60 S3-349.10
STRATEGY
For the week 400 and 420 will act as major resistance and 380 and 360 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 430 and 445 and supports would be found at 409 and 394. Get more MCX Commodity Tips Gold Silver Crude Copper Natural gas Aluminium, Nickel, Lead, Zinc and latest market trend & report.
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