23 February 2015

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COPPER LEVEL'S UPDATE

COPPER IS STILL TRADING IN A VERY TIGHT RANGE OF 355-362 
WE EXPECT COPPER TO GO TO 366-368 AS LONG AS IT SUSTAINS 355-357 ZONE ON CLOSING BASIS...ANY BREAKDOWN BELOW 353 WITH VOLUMES CAN TAKE COPPER BACK TO 345-347 ZONES WHERE IT HAS MAJOR SUPPORT...ANY BREAKOUT ABOVE 366-368 WITH VOLUMES CAN TAKE COPPER BACK TO 385-390 ZONES WHERE IT HAS MULTIPLE RESISTANCE AND WILL NOT BE ABLE TO BREAK ABOVE IT...SO MAJOR RANGE FOR COPPER WILL BE 330-390 FOR NOW AND NEXT EXPIRY....
FOR NOW BUY COPPER ON DECLINES TILL 354-355 AND SELL AT HIGHER LEVELS AT 358-360-362