May 14, 2011

Commodity Copper tips And Reports For Monday

The Copper MCX JUNE Contract is showing an indication to enter in bullion trend as the prices for yesterday settled at 399.70 after touching the low of 386.80.

The copper contract is are trading far below the short term moving averages indicating that the recovery mode may continue for the coming day also.

LME For Copper is currently trading almost flat at 8780(-10) signaling flat opening in the Indian Market also.  The Commodity prices Tips for Copper MCX is according to the trend is that

Copper MCX: Buy June at 397 TP 401.50 SL 395.50

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