SELL COPPER ON HIGHS
China the worlds largest consumer of Copper has reduced purchases from the international markets . China's Copper imports have reduced by 39.30 % .
Chinese state reserve bureau may be offloading its reserves into the markets .
Production of Copper in China is up 32% compared to last year .
Even a recent decline in the inventories did not make any mark on the copper prices . However inventories are in very good shape , compared to DECEMBER 2005 in LME as well as NYMEX .
APRIL Contract is trading at 221.00-222.00 The Life time High of copper is 228.00 , It might take a NUKE ATTACK to cross the life time high . So selling at any point here might get u a MAX MAX loss of 6K RS per Lot .
However Copper is following GOLD at the moment , Keep track of the events in IRAQ/IRAN .