March 18, 2011

Commodity Copper Futures Report for Today

The commodity Copper April future prices at MCX  is traded above of 10 days linear regression and now it is expected that buying sentiments may continue in MCX . The commodity copper tested higher levels of 427.70 during the day. In commodity market buying seen continued in Copper at 419-422 levels on MCX. 

Now the MCX Copper April contract is opened at 422.10 per Kg. It last traded at 430.90 up by 9.25.14 days RSI in daily chart is at 41 which suggest copper future prices are likely to rise further. The contract faces resistance near 445 while its support is seen near 421.

The commodity markets tips is for positional traders is they can buy MCX Copper April Contract near 427 with stop loss of 419 and can wait for target of 443, according to commodity Analyst of Commodity Online. 

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