MTECHTIPS MCX COPPER intraday trading analysis 13-04-2015

Mcx Copper Future On Last Trading Session Closed At 377 With gain. For Month Of March 2015, Copper Has Pivot Level At 374 And Currently Future Is Trading Above It. Above 370, Copper Outlook Will Remain Bullish And On Upside Expect Targets At 385 And 396. These Will Be Strong Resistance Levels For Month Of april 2015. On Downside, Below Pivot Expect Supports At 350 And 328. These Will Be Support Zones As Well As Target Levels On Trend Change. Technical Picture On Daily Chart Is Bearish And Copper Future Might Break Pivot Support And Might Touch 350 Level In Month Of april. 386 Top Will Remain As Strong Resistance As Well As Stop Loss For Short Positions. At 386 Copper Future Has Formed “Doji” Reversal Signal Which Is Strong Signal For Short Term Traders.





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