MTECHTIPS MCX COPPER INTRADAY trading tips 14-10-2016
MTECHTIPS MCX Copper is bearish for medium-long term .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 showing SELL signal For short term Copper is in SELL position and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Copper is 314.Resistance for the Copper is 320-321-324-325-
Short term and Intraday Level of COPPER
Copper and closed below 1 week low with volume signals down breakout Currently Copper is in HOLD SHORT position Copper is moving sideways so short term investor better to buy only above 326.4 or hold with stop at 315.35 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 321.2 with a stop at 312.8 Below 310.4 go for sell.