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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Sunday, July 3, 2011

COPPER LEVEL & TRADING STRATEGY FOR THE WEEK AHEAD – 04/07/2011

COPPER BEST BUY & SUPPORT IS @ $4.150 ACTUAL RESISTANCE & BEST SHORT LEVEL $4.206 A BREAK ABOVE THAT TARGET IS $4.387/$4.444 ; A CRACK BELOW $4.120 DOWNWARDS TARGET IS $3.969/$3.913

CMP - $4.296

TREND : MILD BULLISH

TRADING STRATEGY : BUY COPPER ON DIPS @ $4.206 & AVERAGE IF CRACKS TILL $4.150 FOR A TARGET OF $4.387/$4.442 (STOP LOSS $4.102) ; HOWEVER THE NEAR TERM TREND (1 – 2 WEEKS) IS BEARISH

MCX TRADERS CAN BUY COPPER ON DIPS WITH A SL – 417.20 FOR A POSITIONAL (1-4 TRADING SESSION) TARGET OF 434.65 FROM WHERE ONCE AGAIN CAN SHORT FOR TARGETS BELOW 400

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