Commodity Market Forecast for the Week (2nd – 6th May ’11)
Copper:
For the next week in metals copper can be bearish below the level of 411, as we saw last week comex copper was not able to sustain at higher levels. If next week comex copper sustains below 419 then below 415 it can touch the level of 410. In mcx copper i would recommend traders to take short position below 411 for the target of 406 if it sustains below 415.
Jeera:
For the next week in agri commodities jeera can be bearish below the level of 14600. As we saw last week when other spices were bullish jeera was not able to sustain at higher levels. So for the next week in jeera one should go for sell on higher level stratagy. If next week jeera sustains below 14800 then below 14600 it can touch the level of 14400.
For the next week in metals copper can be bearish below the level of 411, as we saw last week comex copper was not able to sustain at higher levels. If next week comex copper sustains below 419 then below 415 it can touch the level of 410. In mcx copper i would recommend traders to take short position below 411 for the target of 406 if it sustains below 415.
Jeera:
For the next week in agri commodities jeera can be bearish below the level of 14600. As we saw last week when other spices were bullish jeera was not able to sustain at higher levels. So for the next week in jeera one should go for sell on higher level stratagy. If next week jeera sustains below 14800 then below 14600 it can touch the level of 14400.
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