Thursday, May 10, 2012

MCX Live Copper and Silver Trend For Today: 11th May

Copper Updates

The Copper is in long- medium term bull phase. Currently Copper is moving sideways that says that mcx copper may trade in range of 435-443. The Copper is now trading in overbought level. Means there is a good opportinuty to sell copper in current market and make some profit. The market sentiments is showing SELL signal. In last 1 month volatality is very less Buy the Copper above 452 or buy with strict stop at 421. One can make short position in mcx Copper. Positionally Support for the Copper is 430-426. Strong resistance for the Copper is 442-445.

MCX Silver Trend

Overall trend for mcx silver is down for long and medium term. Currently mcx silver is trading in a strong down trend. Our research team suggest that it is a good time to enter in this volatile market with a fresh buying position. Current sentiments are showing a buying signal for MCX Silver. Although it may get more bear trend if it cross the support levels of 54055 and 53600 else it will be a bull trend if it touch the resistance level of 55560-55900.

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