MTECHTIPS MCX COPPER INTRADAY trading tips 01-02-2017
MTECHTIPS 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 Copper is in HOLD LONG position.Positionally Support for the Copper is 398-390-389-374-361-. Immediate resistance for Copper is 411
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 409.45 with stop at 394.6 The Copper is now trading is approaching overbought level. The oscillator is on SELL signal and Copper is coming down from overbought level
Intraday Trend- Buy is advised only above 411.9 with a stop at 402.8 Below 400.3 go for sell and put stop at 409.4.