MTECHTIPS MCX COPPER INTRADAY trading tips 04-11-2016
MTECHTIPS MCX Copper is in perfect uptrend .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Copper Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Copper is 322-321-319-318-. Immediate resistance for Copper is 333
Short term and Intraday Level of COPPER
Copper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 335.1 with stop at 324.15 The Copper is now trading in highly overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised only above 335.1 with a stop at 329.9 Below 328.7 go for sell and put stop at 333.9.