COPPER (AUG)

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COPPER (AUG)

Post  RaahiShah on Wed Jul 04, 2012 4:10 pm

COPPER (AUG)-London copper edged down on Wednesday on a stronger dollar and as investors began to wonder if recent measures announced by European leaders were enough to tackle the euro zone debt crisis. Three-month copper on the London Metal Exchange had fallen 0.6 percent to $7,772 per ton by 0138 GMT, after hitting a 7-week high on Monday and ending that session up 2.5percent.Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE
SUPPORT 1: 425.30
SUPPORT 2: 423.80
RESIST 1: 428.80
RESIST 2: 430.90

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RaahiShah

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Join date : 2012-02-13

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