Friday, April 15, 2011

MCX Copper



As i think 5 wave pattern has been completed near 467 levels now it's turn to for ABC correction , which i think it should be completed near 375-77 levels in near days . But if i look on Daily as well as One HR. charts are indicating upward rally may be happened till the levels of 430-33.

so at this moment, i am just waiting for conformation to buying and i will be neutral after reached near 430 levels .

Then i will be wait for buying above 445.15 ( which is recent high ) and short below --which will be the recent low , may be 415 levels

Thursday, April 14, 2011

LME Copper



This inverse H&S pattern type of chart indicates bullish near 10600 levels on LME . and at this levels i would suggests to buy near 422 sl 415.3 tgt. will be update. but 1hr. chart doest not indicate to buying at this levels due to conformation .