MTECHTIPS MCX COPPER INTRADAY trading tips 07-10-2016
MTECHTIPS MCX Copper is in long- term bull phase .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on SELL signal and Copper is coming down from overbought level For short term Copper is in SELL position.Positionally Support for the Copper is 318-.Resistance for the Copper is 322-324-325-326-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 324.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 322.4 with a stop at 318.7 Below 317.9 go for sell.