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    Lme Copper Daily Chart

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    ronak2484bhavsar
    The document provides a technical outlook and trading strategy for copper on the London Metal Exchange (LME) in early December 2013. It summarizes that copper is currently trading around $7034 per tonne and is expected to move higher in the coming weeks towards resistance levels of $7275 and $7480 per tonne. The strategy recommends physical buyers book 30% of purchases between $6950-7000 and the remaining 50% between $6750-6800 as support is seen around those levels.

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    Lme Copper Daily Chart

    Uploaded by

    ronak2484bhavsar
    22 views1 page
    The document provides a technical outlook and trading strategy for copper on the London Metal Exchange (LME) in early December 2013. It summarizes that copper is currently trading around $7034 per tonne and is expected to move higher in the coming weeks towards resistance levels of $7275 and $7480 per tonne. The strategy recommends physical buyers book 30% of purchases between $6950-7000 and the remaining 50% between $6750-6800 as support is seen around those levels.

    Original Description:

    TECHNICAL OUTLOOK 02-Dec-2013

    Original Title

    Technical Outlook 02 Dec 2013

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    The document provides a technical outlook and trading strategy for copper on the London Metal Exchange (LME) in early December 2013. It summarizes that copper is currently trading around $7034 per tonne and is expected to move higher in the coming weeks towards resistance levels of $7275 and $7480 per tonne. The strategy recommends physical buyers book 30% of purchases between $6950-7000 and the remaining 50% between $6750-6800 as support is seen around those levels.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    22 views1 page

    Lme Copper Daily Chart

    Uploaded by

    ronak2484bhavsar
    The document provides a technical outlook and trading strategy for copper on the London Metal Exchange (LME) in early December 2013. It summarizes that copper is currently trading around $7034 per tonne and is expected to move higher in the coming weeks towards resistance levels of $7275 and $7480 per tonne. The strategy recommends physical buyers book 30% of purchases between $6950-7000 and the remaining 50% between $6750-6800 as support is seen around those levels.

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    © All Rights Reserved
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    of 1

    VADILAL FOREX AND CONSULTANCY SERVICES LTD.

    vadilalmarkets.com
    VADILAL HOUSE, NR.NAVARANGPURA RAILWAY C, NAVARANGPURA, AHMEDABAD-380 009
    PHONE NO.: 079-26400569 /079- 30153388 (TELE FAX): 079-26564019 TO 24
    E-MAIL: metal@vadilalmarkets.com
    LME COPPER: TECHNICAL OUTLOOK 02 DEC-2013

    LME COPPER DAILY CHART


    source: Bloomberg
    Currently LME 3-month COPPER trading at $7034 level, in previous month it made $6914 low and
    bounce back from that level. Physical buyers may book around $6950-7000 level (30%) and wait for
    $6750-6800 level (50%) of this current month level. We anticipate that in next few weeks price goes
    towards $7275 and $7480 level. Above mention chart depict that price traded within channel line. This
    view may be alter if price trade below $6600 level.

    Strategy: Physical buyer may book in two parts
    i). 30% book between $6950-7000 level
    ii). 50% book between $6750-6800 level


    .






    Disclaimer: This is for reference and private circulation only and is subject to the express understanding that it is on no account to be communicated to a third
    party. Though publication is ensured with market information, this should not be considered as contractual counsel and Vadilal will not be responsible for any
    action taken by the reader of this report.
    SUPPORT RESISTANCE

    $6920 $7150
    $6780 $7275

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