Given copper held above support at $3,500/ (MCX Rs. 180 /Kg)ton it could post further gains. if copper trades above $3,800/ton it could then target $4,400/(MCX Rs. 226/ Kg)ton. (INR = 51.60)
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Friday, March 13, 2009
LME copper is leading the base metal complex
LME copper is leading the base metal complex up, trading higher due to a combination of technical indicators and some fresh positions being added, copper remains in a range between $3,300 (MCX Rs.170/ Kg) a metric ton to $3,800/ton (MCX Rs. 195/Kg).
Given copper held above support at $3,500/ (MCX Rs. 180 /Kg)ton it could post further gains. if copper trades above $3,800/ton it could then target $4,400/(MCX Rs. 226/ Kg)ton. (INR = 51.60)
Given copper held above support at $3,500/ (MCX Rs. 180 /Kg)ton it could post further gains. if copper trades above $3,800/ton it could then target $4,400/(MCX Rs. 226/ Kg)ton. (INR = 51.60)
