COPPER - Upflag Breakout

Friends,

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.

SILVER - Breakout on Charts !

Friends,

If one checks the chart of silver - you clearly see a breakout UPFLAG movement on the charts. I strongly recommend buying it on MCX - Indian Commodities exchange with a target of Rs.30500 in 2 months times. SL - 27550 strictly on closing basis.