MTECHTIPS MCX COPPER INTRADAY trading tips 18-10-2016
MTECHTIPS MCX Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 312.Resistance for the Copper is 320-321-322-324-
Short term and Intraday Level of COPPER
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 312.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 316.1 with a stop at 311.2 Below 310 go for sell.