MTECHTIPS MCX COPPER INTRADAY trading tips 21-09-2016
MTECHTIPS MCX The Copper is in perfect uptrend .Currently Copper is in strong uptrend 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 321-319-318-317-315-314. Immediate resistance for Copper is 326.
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 322 The Copper is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 326.7 with a stop at 322.9 Below 322 go for sell with a stop at 325.8.