April 07, 2011

Commodity Trade Tips Copper for 07 April

The commodity copper April Futures at MCX Index settled slightly declined at 418.45 from its previous close on yesterday; low 415.60.

In MCX daily chart 2 Doji candle stick are emerging suggesting that price will come back at lower levels.

As in case of commodity copper at MCX support is in the market is seen at 415 levels that is a previous swing low.

For copper in the LME market commodity copper 3 months forward is trading at 9490 (+120) indicating upside opening in the Indian market also.
Copper MCX: Buy April at 419 TP 423.50 Strict SL 416.50 
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