The 431-30 regions looks to be crucial for downside where it had taken support multiple times. For the day, if unable to trade consistently above 435 we favour a downside breakout and take prices towards 427.50 initially followed by 424/421 levels. However an unexpected rise above 435 could rejuvenate buying interest and expect to invite short covering rallies.
MCX Copper Updates, Commodity Outlook
Posted on Monday, July 25, 2011 by Unknown in
Labels:
MCX Commodity Tips,
MCX Copper Tips,
MCX Intraday Tips,
MCX Reports,
MCX Technical Views
on Monday, July 25, 2011
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