10 May 2015

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COPPER ANALYSIS

COPPER IS TRADING AT 414.10 DOWN FROM LAST WEEK HIGH OF 420.50 AND UP FROM LAST WEEK HIGH OF 410.80

THOSE WHO ARE HOLDING COPPER LONG SHOULD KEEP SL AT 407.60 AND POSITIONAL SL 398.80
IF INR CONTINUES TO BREAK AND COMEX PRICE WILL BE STABLE AROUND 2.900 COPPER CAN CLIMB TILL 432-438 SO BE CAREFUL WITH YOUR SL IF YOU ARE SHORT IN COPPER

ON THE DOWNSIDE IF COPPER FAIL TO SUSTAIN 418.30 ON CLOSING BASIS IT CAN GO TO 408-402-398-392-385

REFER BELOW CHART FOR MORE INFORMATION