COPPER - imminent upside break out !

While Gold touches a new high beyond $1130, Silver which is lagging behind could soon be catching up... And if that is so, a rise in Copper too cannot be far away.

COPPER has been consolidating in the Rs 280 and Rs 310 range for some time and a break is near. The most likely break out is on the upside given the technical indicators strength.



Traders may want to buy the commodity on break out now beyond Rs 310 with a strict stop at Rs 299 for a target initially at Rs 319 and then in the Rs 339-345 range.

Not a bad trade given that many international metals are on the rise.

Happy trading !
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.