MTECHTIPS MCX COPPER INTRADAY trading tips 30-09-2016
MTECHTIPS MCX 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 Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing SELL signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 324-322-321-319-318-317-. Immediate resistance for Copper is 330
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways and sellers was at high so for short term better buy above 329 or hold with stop at 321.2 The next resistance will be at 328.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 329 with a stop at 324.2 Below 323 go for sell and put stop at 327.8.