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Sunday, April 13, 2014

MCX Copper & CrudeOil Trading Levels & strategy for the week ahead - 14 Apr 2014

Copper

Best Buy & support @ 404 Resistance @ 407 a break above 410 upside target @ 416.2 - 419.20, However a crack below 401 downside capped @ 395 - 392 

Now @ 406.75

Daily Trend - Bearish 

Weekly Trend - Bullish 

Strategy 

Buy b/w 404 - 401 for positional target 410

Crude Oil

Best buy & support @ 6144 Resistance @ 6208, A break above 6272 upside target @ 6414 - 6478 however a crack below 6080 downside capped @ 5938 - 5875

Now @ 6289

Daily Trend - Bearish momentum 

Weekly & monthly - Firm Bullish

Strategy

Buy on dip below below 6272 or b/w 6208 - 6144 target 6414
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