May 19, 2011

MCX Copper Tips for 19 May

The commodity MCX prices for copper settled above the short term moving average suggesting bullish mode for the coming day.
The Commodity Market pattern in MCX is suggesting short term trend reversal in the market. LME copper is trading at 8900 (+73) indicating upside opening for today.
The commodity MCXl indicator RSI (14) is at 0.40 indicating upside. MCX Copper buying is recommended.
Copper MCX: Buy June at 404-404.50 TP 408.50 SL 401.20.      
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