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Chaitra Navratri

MCX Copper Short Term Bearish

Posted by : Karan Hakim on | Mar 24,2015

MCX Copper Short Term Bearish

MCX Copper prices as shown above are trading in a primary uptrend indicated by higher tops higher bottoms. However prices have given break down at Rs. 395 and declined sharply towards Rs. 332.8. Recently prices have given bounce back towards Rs. 370 and facing resistance near 373 levels. We recommend to go short on rise around Rs. 373 for the target of Rs. 360/350 in short term.

About Kotak Commodities

Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website. http://www.kotakcommodities.com/