World Copper Ltd V.WCU

WCU.V COPPER PLAY BUILDING STRENGTH

[Charts1]

Kshitij Purohit, Product Manager, Currency & Commodities, CapitalVia Global Research Limited

Strategy: For the upcoming week, MCX Copper is likely to continue its bullish momentum towards a new all-time high. Traders may go for a Buy-on-dips opportunity in MCX Copper from the downside support around Rs 748-747, keeping a stop loss at Rs 742 to chase the target at Rs 765.

Rationale: We attribute the rise in copper prices to a rise in participant bets, which was fueled by a surge in spot demand, which can be confirmed by a significant decrease in storage levels at London Metal Exchange. Copper prices rose 11 percent to $4.4565 in futures trade last month, owing to increased spot demand. Copper contracts for May delivery traded higher by Rs 88, or 13 percent, to Rs 753.95 per kg on the Multi Commodity Exchange, with more than 5000 lots traded.

[rob1237]

I wonder if CDU Cardero is a good buy. They are being taken over by WCU. Volume there is low but at.08 cents it looks like a steal.  any comments as to why people dont prefer to buy CDU?   good luck all. Im in big.