epicresearchindore
Epic Research
For the next week we expect Copper prices to find support in the range of 437-436 levels and then strong support is seen at 432-431 levels. Trading consistently below 431 levels would trigger sharp correction initially towards 427.75, and then finally towards the major support at 423.70 levels.
Resistance is now observed in the range of 443-445 levels. Trading consistently above 445 levels would lead towards the strong resistance at 450 levels and then finally towards the major resistance at 455 levels.
MCX/LME Copper Trading levels for the week (03.12.2012 to 07.12.2012)
Trend: Up
S1 – 436.50/7890 R1 – 444/8100
S2 – 432.50/7780 R2 – 450/8215
Recommendation: Buy MCX Copper February between 437.50-436, SL-430, Target -446/450
Resistance is now observed in the range of 443-445 levels. Trading consistently above 445 levels would lead towards the strong resistance at 450 levels and then finally towards the major resistance at 455 levels.
MCX/LME Copper Trading levels for the week (03.12.2012 to 07.12.2012)
Trend: Up
S1 – 436.50/7890 R1 – 444/8100
S2 – 432.50/7780 R2 – 450/8215
Recommendation: Buy MCX Copper February between 437.50-436, SL-430, Target -446/450