MTECHTIPS MCX COPPER INTRADAY trading analysis 29-06-2016
DAILY:- Mcx copper is strong bullish and above 320 remain buy and accumulate. London copper edged to its highest in almost eight weeks on Wednesday as investors bet on more global stimulus measures.
WEEKLY :- Mcx copper future weekly chart showing positive closing for second week. This week we saw strong rally from low of 306 to high of 322. Weekly chart price trend is down but momentum is on recovery side. 320-324 is strong resistance zone and below it expect downside for copper prices in medium terms. On downside 298 and 291 are weekly chart support zones as well as target levels if trend didn’t change.