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The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Devang Shah.The information contained herein is based on my analysis of the Charts. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The Investment discussed & recommended on this website may not be suitable for all. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent Views, as they believe necessary.
While acting upon any information or analysis mentioned on this website, investors may please note that neither Devang Shah nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. I may hold long or short positions in the securities/commodities discussed herein from time to time. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities.

Commodities

Wednesday, JULY 12, 2017

HG COPPER

HG COPPER ( USD):
STRONG BULLISH UP TREND FROM SHORT TO MEDIUM TERM PERSPECTIVES AS AN ASSET CLASS IN METAL SEGMETS:

CMP-$ 2.67:

Click

HG COPPER charts looks completed short term consolidation. Its in uptrend from short to medium term perspectives from overall wave count perspectives as well.

It looks like completion of Wave-IV consolidation as per chart attached. And It has wave-V up pending for higher levels targets. It has strong support around $2.42 levels. Till it holds one can expect higher levels targets of target1-$2.98 & taregt2-$3.48 levels ( Extension case) in short to medium term.

Its weekly & Monthly & Quarterly indicators are in BUY supporting overall medium to long term bullish trend for HG COPPER as an Asset class.

One can BUY HG COPPER at current levels or any kind of decline or consolidation with SL-$2.42 levels for higher levels targets as mentioned above. Risk Reward is favorable to BUY at current levels.

HG COPPER as an Asset class in commodities particularly in Metal segments looks strong Bullish Up trend from medium to long term perspectives as per chart attached.

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