MCX Copper Tips and Trend For Today

MCX Copper Trend:
MCX Copper is trading with a consolidate to positive trend. Copper is currently trading at 414 level up by 0.12% of yesterday's close. As the market data suggest that base metal group to trade in a down trend because of the sharp downside in the Indian Rupee. Mainly Copper trend suggest that it will trade in a sideways trend. It has a crutial support at 410 and a strong support at 420 at the moment.

MCX Copper Tips:
We suggest to Sell MCX Copper June futures below 415 levels with a stoploss of Rs 420 and target price of 408.

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Copper Updates, Tips and Trend For Today: 12th April '12

Copper updates, mcx copper tips, copper trend, mcx base metal tips, free mcx tips, mcx copper, intraday commodity tips, free commodity news

Copper Updates

MCX Copper may note some gains tracking international exchanges, however the upside remains capped. LME Copper is trading slightly up after noting sharp decline yesterday. Lending support is short covering after yesterday`s fall and slight weakness in US Dollar. The gains may however be capped amid reduced risk appetite due to renewed debt worries in Euro Zone and fears of weakening demand from top consumers China and US. MCX Copper is trading now at 415.75. Copper is lower by 0.62%. MCX Copper: Prices have support at 413.70 and resistance at 418.30.

Free Commodity Tips

MCX Gold June:

Buy MCX Gold above 28600, with a stoploss of 28400 for target of 28900.

MCX Silver May:

Buy MCX Silver above 56500, with a stoploss of 56000 for target of 57200.

MCX Crude April:

Sell MCX Crude below 5230 with a stoploss of above 5270, for target of 5160.

MCX Natural Gas April:

Sell MCX N. G. below 106 with a stoploss of 109 for targets of 100.

MCX Copper April:

Buy MCX Copper around 418 with a stoploss of 416 for target of 422.

MCX Nickel April:

Sell MCX Nickel below 930 with a stoploss of 940 for targets of 910.

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MCX Copper Updates, Free Commodity Tips For Today: 11th April '12

Copper updates, mcx copper tips, copper trend, mcx base metal tips, free mcx tips, mcx copper, intraday commodity tips, free commodity news

In MCX Copper as long as prices stay below 427 prolonged selling pressure is favored towards 422/417 or even more. A direct rise above 429 could signal mild positive bias but prices needs to be close above 436 to dent our bearish expectations. Now mcx copper has a reistance level 426 and a support level of 413. Technically it is looking bullish in nearterm so it will be a treat to buy MCX Copper Apr on its current levels.

MCX Commodity Tips For Today

MCX Gold June:

Sell MCX Gold below 28300 levels with a stoploss of 28400, Target: 28100.

MCX Silver May:

Sell MCX Silver below 55800 levels with a stoploss of 56500, Target: 54900.

MCX Crude April:

Buy MCX Crude around 5,240 levels with a stoploss of 5200, Target: 5350.

MCX Natural Gas April:

Buy Natural Gas around 107.50 with a stoploss of 106.40, Target: 110.

MCX Copper April:

Buy MCX Copper around 418 with a stoploss of 414, Target: 424.

MCX Nickel April:

Sell MCX Nickel around 927 with a stoploss of 935, Target: 915.

MCX Lead April:

Sell MCX Lead around 104.50 with a stoploss of 105.50, Target: 103.50.

MCX Zinc April:

Sell MCX Zinc around 103 with a stoploss of 104, Target: 101.50.

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Copper Updates: MCX Copper Tips and Trend For Today: 10th April '12

Copper updates, mcx copper tips, copper trend, mcx base metal tips, free mcx tips, mcx copper, intraday commodity tips, free commodity news

The base metals complex on the MCX traded on a negative note on Monday, with copper being the worst performer of the day. The red metal declined sharply by 1.7 percent on the MCX and touched an intra-day low of Rs. 422/kg yesterday.

Copper prices witnessed a selloff after breaching the support at 428, for the day prices are expected to bounce till 426 -428. Oscillators heading down. MCX Copper is suggested that prices have reversed after taking suport at 422 levels. Stochastic has given a positive crossover. We expect prices to go up to levels of 428.

Trading Call: Buy MCX Copper around 424 levels with a stop loss placed below 421 levels for targets of 428 levels.

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