May 04, 2011

Commodity Copper Report and Day Trend for 04 May

MCX Prices for commodity copper settled at upside price level of 422.65 and made high of 424 during yesterday. Thus Copper Prices are seen to be in a bullish level trend.

A long white candle stick is witnessed in the daily chart suggesting bullishness to be continued for the coming day also.

The commodity copper prices at LME are currently trading at 9240 (-102) indicating downside opening for the day. Over all the market is bullish and copper prices are expected to remain at higher side.

COPPER (JUN) :TREND Consolidate R 2 436 R 1 430 S 1 417 S 2 410 STRATEGY Buy on dips.

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