March 19, 2011

Commodity Copper Upside Trend in MCX

The commodity copper future prices for April contract witnessed upside trend by reversing the previous trend. After making a high of 427.8 it started declining and settled at 421.30 levels.

In commodity trading below the daily moving averages (8, 21 & 34) suggests downside potential. However, RSI (14) daily ended at 0.33 levels and showing a recovery from oversold zone. Only a sustained commodity trade above 425 levels may lead the prices to rise further.

At LME commodity copper prices are trading at 9236 and trading flat. Market is witnessing a resistance at 9300 levels, which would be a crucial level to watch for. We expect sideways movements. 

Enjoy this Holi by Grabing a great Free Trail for Commodity Tips Clickhere

Related Posts Plugin for WordPress, Blogger...
Get excellent Free Tips through SMS of 89.55% accuracy on MCX Gold Tips | Silver Tips for Today| Tips on Buying Silver| MCX Silver Tips for Today| Gold tips and Silver Tips| Copper Updates| MCX Online Tips| Gold Live Price for India | Precious metals |Commodity live Tips | Commodity Prices| MCX NCDEX Tips| Live MCX Tips

Google Translator


This commodity blog is solely intended to give commodity recommendation over commodities, MCX Live Tips, Bullion Tips, Gold Tips, Silver Tips and we are not responsible for any loss. All readers must accept responsibility on their own for using commodities tips.