MTECHTIPS MCX COPPER INTRADAY trading tips 22-03-2017
MTECHTIPS MCX COPPER INTRADAY trading tips 22-03-2017
MTECHTIPS Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is on BUY Signal and Copper is recovering from oversold level For short term Copper is in SELL position.Positionally Immediate support for Copper is 376.Resistance for the Copper is 387-389-391-394-395-398-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below374.4 Buy if above 391.15 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 383.9 with a stop at 376.4 Below 374.4 go for sell
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