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aby copper rockets to 2009 high, page-2

  1. 12,100 Posts.
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    LME Copper buying opportunity at 4850-4900
    02 June 2009 14:55:51

    The three month forward prices on London Metals exchange advanced to $4827 levels after posting a low of $4480. Market closed the week firm at $4795 levels. Prices are finding bullish strength after moving out from the consolidation phase of the bullish triangle pattern.

    The immediate resistance is seen at $4925 levels and breach of the same may confirm a move towards $5400-$5500 levels in the short term. The support of $4450 should keep the short term bull trend alive. We recommend taking long positions on dips as a weekly trading strategy.

    Weekly Outlook: Copper is expected to trade firm this week. Buy Copper at 4850-4900 targeting 5400 with stop loss at 4490 levels.
 
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Last
80.0¢
Change
-0.040(4.76%)
Mkt cap ! $75.16M
Open High Low Value Volume
84.0¢ 84.0¢ 80.0¢ $50.23K 61.33K

Buyers (Bids)

No. Vol. Price($)
1 1250 80.0¢
 

Sellers (Offers)

Price($) Vol. No.
83.0¢ 4509 1
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Last trade - 15.33pm 16/07/2024 (20 minute delay) ?
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