14 May 2015

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COMEX COPPER  SHORTTERM/LONG TERM ANALYSIS

INTERNATIONALY COPPER IS TRADING AT 2.924...
COPPER MADE HIGH OF 2.957 ON 05-MAY-2015 AND LOW OF 2.889 ON 08-MAY-2015 ...
(REFER BELOW CHART) IF COPPER MANAGE TO SUSTAIN ABOVE 2.950 IT CAN GO UPTO 2.980-3.05 BUT FAILING TO SUSTAIN ABOVE 2.95 CAN TAKE COPPER TP 2.830-2.810 WHICH IS THE BIGGEST SUPPORT FOR COPPER NOW.

AS OUR INR DEPRICIATED AGAINST DOLLER A LOT AND HENCE WE MIGHT NOT SEE THAT MUCH DECLINE IN PRICES IN SINK WITH INTERNATIONAL MARKET

I ADVICE TO TRADE ON SHORT SIDE WITH SL 2.965 FOR TARGET 2.832



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