Commodity Market Forecast for the Week (4th – 8th July ’11)
Copper:
For the next week in bullion commodities copper can be bullish above the level of 430, as we saw last week when other base metals were bearish copper was not sustaining at lower levels. So for the next week we would recommend traders to take long position in copper above the level of 430 for the target of 435 if it sustains above the level of 426.
Pepper:
For the next week in agri commodities pepper can be bearish below the level of 26800. As we saw last week pepper is in a continous downtrend and prices are not able to sustain at higher levels. So for the next week if pepper sustains below 27100 then below 26800 it can touch the level of 26300.
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