Tuesday, November 15, 2011

MCX COPPER

MCX COPPER
Copper has been rebound from 374 levels to 396 levels which was unexpected as my thinking so at this levels if Copper price line will go above 396.50 for the Tgt. of 408-409 levels on upper side then may be happened a good correction at ABC wave method. But if price line will breakdown below 374 levels then we may see a good correction in 5 wave pattern which could be 5th wave of Y wave for the Tgt. of  340--300 levels. with sl 396 levels.

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