MTECHTIPS MCX COPPER INTRADAY trading tips 01-11-2016
MTECHTIPS Copper is in perfect uptrend .Currently Copper is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 320-319-317-316-. Immediate resistance for Copper is 328
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 323 The Copper is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 328.3 with a stop at 324.6 Below 323.8 go for sell with a stop at 327.5.