Wednesday, August 3, 2011

Copper and crude oil trend for 3 August

Copper trend
The Copper is in perfect downtrend, copper in sell position copper support levels is 426 if this levels touch trader can sell copper target is 422-420 and stoploss is 430
It is looking bearish in the coming trading session if it manages to trade below the support level of 426 else above resistance level of 435 it would be in an upward trend.

Crude Oil
Crude oil may trade sideways with negative bias. oil settled below USD 94 a barrel crude oil support levels is 4140 trader can sell crude oil
SELL below 4140 August contact
Target: 4100 - 4085


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