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Monday, June 6, 2011

COPPER MID DAY TRADER’S LEVEL

COPPER 30JUN2011 STRONG RESISTANCE IS @ 411.85 & INTRA DAYSUPPORT IS @ 411 ..A CRACK BELOW 411 COPPER PRICES WILL FALL SHARPLY TILL 407.80/406.85 ; HOWEVER A BREAK ABOVE 412.20 PRICES WILL REACH 414.90 ON THE UPSIDE …WHERE POSITIONAL TRADER’S WHO ARE HOLDING SHORT POSITIONS CAN ADD MORE LOTS BY SELLING @ GIVEN LEVELS

CMP – 411.50

OVERALL TREND : BEARISH

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