Friday, November 25, 2011

USDX, COPPER

USDX--Dollar Index
 Dollar price may fall at higher levels . and C wave of Entire Decline Impulse wave has been started so we have to wait for a small correction at higher levels for the 2nd wave as i think and total 5 wave or C wave pattern may be completed near 100 levels .

MCX COPPER Short term chart

COMEX COPPER Longer term Chart
Comex copper chart indicates for the longer term movement and the initial tgt. is 2.6 levels for 3rd wave which may take good support according to fibonacci analysis. and in Short term MCX Copper chart indicates 1st Tgt. --355 , 2nd Tgt.-340, 3rd Tgt.--300 levels . i am very comfortable in Lead, Zinc ,Nickel for bearish than the copper .

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