MTECHTIPS MCX COPPER INTRADAY trading analysis 16-11-2015
MCX copper this week closed at 317.4 with loss. this was fifth losing week for copper prices!! copper future price trend and momentum both are bearish and prices are now oversold area on weekly chart. mcx copper weekly support zones are 316 and 307. mcx copper weekly resistance zones are 322 and 326. mcx copper future weekly trading call will be buy and accumulate around or below support zones with strict stoploss for targets 322 and 326. long term investors here must follow buy and accumulate strategy as per individual risk profile and expect 370 to 410 targets in next 6 to 12 months.
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