Weekly Commodity mcx Copper Trend

Weekly Copper Trend 22 to 27 july 2013

MCX COPPER Technical Trend

MCX Copper last week showed sideways to bearish movement and form triangle pattern on daily charts. Now, if it able to give closing below 411 then only bearishness is expected towards the next support level of 404. On other hand above 418 breakout of triangle pattern on higher side is expected and above this it may lead towards the next strong resistance level of 427.


Better strategy in MCX COPPER will be buy above 418, with stop loss of 410 for the targets of 426-430.

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