Thursday, December 6, 2012

Trading Idea Copper(Update 3)

Dear All,
                      In last update we told you that we expect copper to hit 443---448 levels ......Copper almost hit 448 yst and we expect that B wave completed now .........and we should resume final C down.......word of cautioun  B waves often travel to extreme of A and some times goes above A to make Flat and expended Flat corrections .......so be very cautious on trading short side on copper that what we are recommending ....

We expect copper to Top out in Short term between 446--456 levels ...... Any close below 440 levels will confirm Short term downtrend in copper ...those holding long can trail with 440 as closing sl .

Positional traders can short Copper between 446--456 target for target of 397 --378 in coming days with stoploss of 460 ...lets chk Some Charts too ..

Short to Medium Bearish --- Target : 397---378

Long term Bearsih ----Target below 300



Thanks & Regards
Abhay Mehrotra








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