Sunday, November 29, 2009
COPPER - Upflag Breakout
Check the chart of copper. Like silver it also is showing an upward breakout with UPFLAG movement.
One can confidently go long with it for a Target of - 366 and SL-214 strictly on closing basis. The Risk/Return ratio at current close of 317 on MCX is highly lucrative.
One can also see - Higher Bottoms formation which confirms the bull move on DOW Theory.