Wednesday, November 21, 2012

Trading Idea Copper(Update 1)

Dear All,
                We told  you in last post that we are  long term bearish in Copper and Short term bullish .




Let see how price action has unfold ....copper  bounced exactly close to 412 levels from 412.65 it hit 429.70 close to our first target 433 ... Now either we have Full abc done else we have done A of abc, in both case we are going down .........tgt are 419.50----417.50 in short term . Till 412 hold .....we have our Short term Bullish count hold ..if we break 412  that means we have done Full abc up at 429.70 and will start "c" of C down.

Copper Long to Medium Term : Bearish 
Copper Short Term : Bullish
Copper Very Short term :Bearish 



Thanks & Regards
Abhay Mehrotra

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