LME Inventory:

  • Copper   DOWN    -1600
  • Zinc    DOWN    -3550
  • Lead    DOWN    -675
  • Nickel  DOWN    -312
  • Aluminum        DOWN    -9025

Cancelled warrant ratio        

  • Copper  DOWN     (0.53)
  • Zinc    DOWN     (0.32)
  • Lead    UP       0.30
  • Nickel  DOWN     (0.33)

Data Impact:

Though inventory have declined for all base metals, fall in cancelled warrants may continue to pressure on whole base metal pack except Lead.

 

Free Copper Call Update :  

Free Call Given on 23.08.12, Copper Aug MCX:  Sell in the range of 425-425.50 TP 422.50/419 with stop loss above 428.10…CMP 425.25

Book Profit Today : Copper Sold @ 425.50,Cmp:422.50,Profit : 3000+ per Lot – www.Commodity20.com 24.08.12

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