MTECHTIPS MCX COPPER INTRADAY trading analysis 09-06-2016
DAILY :- Mcx copper future closed at 304 with loss. Here as expected copper is heading towards my targets 299-295.
WEEKLY :-Mcx copper future this week closed with gain at 313.6. This was second weekly gains for copper prices. For next week, mcx copper outlook is bearish and strategy remain sell on rise.Mcx copper weekly support zones are 308 and 298 and these are next week’s target zones. Mcx copper weekly resistances are 320 and 323 and these are fresh short entry zones.For month of June 2016, copper future below 320 remain weak and sell. Month targets are 298 and 285.