November 24, 2017

MTECHTIPS MCX COPPER INTRADAY trading tips 02-02-2017

MTECHTIPS    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 on SELL signal and Aluminium is coming down from overbought level For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 399-398-391-389-374-361-. Immediate resistance for Copper is 411

Short term and Intraday Level of COPPER

 

Currently Copper is in HOLD SHORT position Copper is in down trend so buy above 407.0 The sell will again come if below 394.6 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 407.2 with a stop at 400.9 Below 399.4 go for sell

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