Thursday, December 3, 2009

COPPER HOVERING AROUND Rs 320

om Last Few Months Copper Hovering Around Rs 310 mark. LME Inventories of Copper Rising Month To Month Due To Lower Demand In China.

Unemployment Rate In U.S. at 26 years High & They Also Provides Negative Trend To Base metals. Some Supports To Copper Prices Given By Improving Existing & New Home Sales In U.S.

Copper Charts Looking Weak Resistance Seen At Rs 317 - 328 & Supports Seen At Rs 278 - 282 range.

But For Next Two Months Copper Looking To Trade In Range Of Rs 260 - 340


Bullionguru.com

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