Thursday 11 December 2014

Copper Postional View 11-Dec-2014

CMP 404.60
Resistances:  440/413.

As long as Copper resisted by 440/513, I expect big down move in Copper.
My positional targets: 392, 364, 346, 319, 291, 271, 245.



If Copper supported by 389, then retracement levels are: 401.5 (done), 408, 414, 420, 424, 428.



If Copper supported by 389/397/402, I expect up move.



Trade Idea: Buy Copper with Strict SL 402/397.
Targets: 406.5, 408.5, [410.5], 413.4, [414.5], 417.5, 418.7, 420.3, [421.3], 424, [425.4].


If Copper resisted by 440, and any reversal from the above retracement levels, I expect 390 first.
My other targets are: 379, 372, 360.

TRADE AT YOUR RISK! HAPPY TRADING!!!