COPPER (AUG)

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COPPER (AUG)

Post  RaahiShah on Mon Aug 06, 2012 4:30 pm

COPPER (AUG)- London copper was little changed on Monday after a better-than-expected U.S. jobs report eased concern over growth in the world's biggest economy, and a fresh pledge by top metals consumer China to support growth also helped to support prices. Three-month copper on the London Metal Exchange was steady at $7,438 per metric ton (1.1023 tons) by 10.48 p.m. EDT, down 0.09 percent after gains of more than 1 percent in the previous session. Expected resistance and support level for today trade are as follows.

TREND BEARISH
SUPPORT 1: 407.15
SUPPORT 2: 401.75
RESIST 1: 417.80
RESIST 2: 423.15
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RaahiShah

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