copper intraday

Today expect copper support at 367.30
02 July 2008 10:52:38

Yesterday the LME copper was -250mt against the previous of -300mt. Copper has touched a low of Rs 365.2 a kg after opening at Rs 365.8, and last traded at Rs372.5.

For today market is looking for the support at 367.30, a break below could see a test of 362.20 and where as resistance is now likely to be seen at 375.5, a move above could see prices testing 378.6.

• TRADING RANGE IS 362.00-380.00.
• BUY COPPER @ 368-369 SL BELOW 366 TGT 370.40-371.60-373-375.40. MCX
• STRICK NEWS IS IMP SO BE ALERT AND TRADE
• COPPER IMP SUP IS AT 367.50.

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