MTECHTIPS MCX COPPER INTRADAY trading tips 19-09-2016
MTECHTIPS MCX Copper is in perfect uptrend .Currently Copper is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Copper is 321-318-314-312-. Immediate resistance for Copper is 326.
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 325.5 with stop at 310.35 The Copper is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 325.5 with a stop at 321.9 Below 321.1 go for sell and put stop at 324.7.