Thursday, December 27, 2007

MCX Copper February news for 28 dec


The February contract copper prices wereinitially up and after testing a high of 279.40 itresumed a down trend. Market fell till 271.75 andsettled at 273.45 levels. Prices are expected tocome down with a slight pullback. The immediateresistance can be seen at 275 levels. Thesupports can be seen at 270 and breach of thesame may see prices to test 268 levels. Werecommend selling around 275 for a possibletarget of 270 with stop loss above 277 levels.

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