Thursday, May 12, 2011

MCX Nickel


After achieved my tgt. in copper by yesterday now i am turn to take sell position in nickel at this levels for the tgt.s of 1040/1020 in 1 or 2 days and ADX indicator is showing strong downtrend may be happened.

Wednesday, May 11, 2011

MCX Copper



According to this chart i think copper should touch 393 levels again as EW theory method so we can create short position below 401 with sl 405.8 tgt. 395/393 levels in coming days .

According to Fibonacci analysis on daily chart 390-92 levels as a strong support, so we may see some kind of pull back after touching this levels to 407-412 .