MTECHTIPS MCX COPPER INTRADAY trading tips 26-12-2016 MTECHTIPS Mcx Copper is in long- medium- term bull phase .Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 364-350-341-.Resistance for the Copper is 384-390-392- Short term and Intraday Level of COPPER Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 378.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 378.5 but caution- close Below low5 fresh selling can occur The Copper is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 376.4 with a stop at 370.8 Below 369.4 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Dec 26 2016 12:17PM, by MTECHTIPS in Commodity tips| Share This