Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned forward-looking statements/predictions and may be subject to change without notice.

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Wednesday, June 1, 2011

COPPER TRADER'S ALERT !!

COPPER JUNE EXPIRY HAS MADE A NEW HIGH OF 416.60..HENCE WE HAVE REVISED THE LEVELS :
BEST BUY & SUPP 415 RESIS & CURRENT SUPP @ 415.45 A BREAK ABOVE THAT TARGET IS 417.75/418.50;HOWEVER A CRACK BELOW 414.85 DOWNWARDS TARGET IS 412.40/411.70/410.75
**TRADER'S WHO ARE SHORT @ 415 CAN HOLD THEIR POSITIONS & SHORT MORE IF TESTS 417.7/418.50 ; TRADER'S WITHOUT RISK APPETITE CAN EXIT COST TO COST & THEN SHORT HIGHER..LONG IS NOT ADVISED CAUSE IT HAS ALREADY ACHIEVED OUR TARGET 419 - 420.5..HOWEVER TGE TARGET 410.75 IS STILL INTACT ..A BREAK BELOW 409 THEN WE WILL SEE SHARP FALL TILL 404 LEVELS

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