Wednesday, November 9, 2011

MCX COPPER

MCX COPPER Daily chart

MCX COPPER 1hr. chart

Copper did not touch below 380 levels and trading in trading range of 10 points so at this levels i think we should go to buy at this levels with sl 381 and Tgt. would be 406/409 levels . if the price line will be crossed 381 levels then we should go short for the tgt. of 365 levels. Daily chart indicates --- 2 long white candle are giving support and yesterday Doji pattern indicates bullish above 391.85 which is the high of Doji candle.

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