Wednesday, December 26, 2007

Intra day technical analysis of copper


MCX Copper FebruaryThe February contract copper prices were up onprevious session and after testing a high of278.40 it settled at 276.20 levels. Prices areexpected to move up and the immediateresistance is seen at 279-280 levels. Only onbreak of 280 levels we may see prices to test 28levels. Likewise the supports are seen at 275 andbreach of the same may see prices to test273.50 levels. We recommend buying on dips forthe day.

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