Change the browser if you are unable to view this Mcx Pivot Point Table
If you are Satisfied our FREE Web Service than Kindly Refer to Your Friend and Circles.
Today`s Free Power Level & Live Chart
(Disclaimer : The above chart shown is for study purpose only and not for trading decision)
Wednesday, August 22, 2012
Copper: Tumbling down
With the triangle break-out copper formed the third leg on the upside, which achieved its equality target ($3.9). The base metal also reached near the 61.8% retracement mark ($4.02). From there copper started a channelised decline. Recently from the upper end of the channel the red metal has started a fresh leg on the downside. The targets on the downside would be $2.994, ie the previouslow and $2.58, ie the equality target. On the other hand,the swing high of $3.557 will act as a crucial resistance.