Wednesday, June 9, 2010

copper,gold,zinc

mcx copper weekly
i think A wave completed near 296 levels in A-B-C pattern which is suggests for the B wave in(A-B-C) pattern near 355 levels.
mcx zinc (weekly)
after A & B waves completed ,now its prepairing for C wave near 140-155 levels. which is near 61.8%-78.6% levels on fibonacci series. But at this point , In metal sector we may see more rise trend pattern in zinc than the other metal products ( copper,lead ,alluminium).
mcx gold 4hr. chart
after 5 wave completed near 19200 levels indicates for dowtrend pattern of A wave near 18150 levels. if u look on indicators then may see negative divergence as well as overbought position at 5th wave .