MTECHTIPS MCX COPPER INTRADAY trading tips 06-10-2016
MTECHTIPS MCX Copper is in long- medium- short-medium- term bull phase .Currently Copper is in strong uptrend 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 HOLD LONG position.Positionally Support for the Copper is 319-318-.Resistance for the Copper is 324-326-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below319.8 Buy if above 329.3 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 324.2 with a stop at 320.6 Below 319.8 go for sell.