MTECHTIPS MCX COPPER INTRADAY trading analysis 31-05-2016

MTECHTIPS MCX COPPER INTRADAY trading analysis 31-05-2016
DAILY :- Mcx copper is closed at 312.5 with loss. Here 311 and 308 are intraday support levels while on upside 314.5 and 317.4 are resistances.
WEEKLY :-Mcx copper future this week closed with gain. After last 3 weeks continue fall we saw some short covering in this week. On weekly chart, mcx copper above 306 will remain bullish but on upside expect multiple resistance zones. For next week, mcx copper major resistance levels are 317 and 325. Below 325 medium term trend remain weak and tgts are 306-301 and 295. Mcx copper monthly chart pattern are very bearish and suggesting 266 as tgt if fail to cross 341 top.



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