Saturday, October 1, 2011

US DOLLAR INDEX , DOW TRASPORT AVG. , MCX COPPER

US DOLLAR INDEX
 After touched 79.50 levels now times to turn downtrend  if breakdown below 77.80 levels Tgt. will be 76.70 or 75 levels in few days in 5 wave pattern which is C wave of entire impulse wave pattern .
DOW TRANSPORT AVG.
 Dow has been fallen from higher levels as i told before but have to look on price shouldn't go below 4098 levels then breakout to upper levels will be shown to go higher high
MCX COPPER
I think copper 5 wave has been completed near 343.6 levels as well as A wave also . but at this time trying to make finish of B wave near 333-35 levels. Yesterday fallen 343 levels indicates one more bearish pattern we can see  near 333-35 levels in 1to 2 days. & 1hr. chart suggests copper may go up 353 levels by Monday which could be good levels to go short in MCX with sl 363.50. Positive Divergence in MACD & RSI are showing to bottom-out in copper at this time.

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