Copper settled flat in the day trades that was affected by the closure of morning session trades on MCX. The prices started in a weak mode with intraday lows of Rs 403.9 per kg. However the metal recovered to close the day at Rs 406.75 per kg. The charts for Copper are waiting to see breakouts which are likely if the gains move beyond Rs 408-409 in the coming trades.
The important supports for the contract at Rs 404 and 402 are still intact in Copper. COMEX Copper settled the last trading day at $ 3.051 per pound. Open interest in the contract was stable at 19427 against 19855 on 7 April 2014. The momentum indicator %K is at 71, which is slowly coming near to the overbought region on daily charts
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The important supports for the contract at Rs 404 and 402 are still intact in Copper. COMEX Copper settled the last trading day at $ 3.051 per pound. Open interest in the contract was stable at 19427 against 19855 on 7 April 2014. The momentum indicator %K is at 71, which is slowly coming near to the overbought region on daily charts
You can reach us by any of the following methods
Contact No. :- 07276033577 , 0712-6642455
e-Mail :- contactus@tradewing.biz
For More detail Please Visit to our Website .
http://www.tradewing.biz/freetrial
http://tradewing.blogspot.in/
http://tradewing.wordpress.com/
http://bestmcxtipsproviders.blogspot.in/
http://bestcommoditytipsproviders.wordpress.com/
Indian market saw a stupendous rally today led by heavy buying in banks, realty, power, capital goods. oil&gas and metal stocks.
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Your technical view about copper is really nice. Epic Research has appropriate information about all over the base metals as well as precious metals.
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