MCX Copper Tips Today-Copper upadtes for 18 April 2012

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Commodity updates today :- Today MCX NCDEX commodity market open at positive note after the fall on Tuesday.MCX gold and silver contracts are trading positive on Wednesday after a successful Spanish bond auction eased investor fears of an imminent Eurozone risk.

Copper Tips Today :- sell around 416.50 target 413.50 – 411.50 once cross above 418 then exit shorts and go long with stop loss below 413.50 for the tgt of 421 and 424.15 buy around 411.50 target 414.50 - 416.50

once break below 410 then exit longs and go short with stop loss above 415 for the target of 407.50 and 404.50.

MCX Copper updates :- Copper prices are expected to bounce to the tune of 420 -421 on higher end.Oscillators are in oversold zone and prices can hold to the support at 411.

Trading Levels :- Copper support at 408 411 414.5 resistance at 418 421 424.

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