COPPER & OIL provide EARLY WARNING OF AN END TO THE GLOBAL ECONOMIC CRISIS

On the copper chart we can see that on Wednesday it broke out from a bullish Ascending Triangle, which itself is part of a strongly bullish Pan & Handle base pattern, and the breakout held, with the price picking up again on Friday after reacting on Thursday. Fundamentally a reason for the improvement was that copper inventories at LME warehouses have declined by 23,000 tons over the past two weeks, which is the first significant drop in about 9 months. Copper inventories in warehouses in Shanghai are at their lowest levels for a decade and China is now buying heavily - and we should not forget that China's economy is still set to grow by about 5% this year, global economic crisis or not. , . The recent action in copper is one of the first, if not THE first indications of eventual global economic recovery and is thus the source of the first light at the end of the tunnel for the battered and bloodied businessmen and politicians of the world that the worst may soon be over.

hello sir
i shot two lots of copper @184.5 and @186 level .please send me your suggestion to cover these shots or maintain shots on these level.i am agree with your comments but realy slowdown in india and also in asian and european countries complete some fear in my mind at that time also.

could u say me how to convert forex copper rate in Dollars to MCX rates pls let me know.
Thanks in advance

GOOD ONE, :clapping::clapping:

i think copper future in mcx apr contract taste the level of 250 in short time please give your opinion

Copper had once again bounced back from the support levels form 212 - one can go long for a target of 240 with strict and reverse stop loss of 212- Once if it breaches the 212 one can go short. Till then it can trade in a trading range(212 and 242)until further breakout on either side. Will be update further as and when required.
For chart http://www.markettoday.in/viewtopic.php?f=10&t=40