MTECHTIPS MCX COPPER INTRADAY trading tips 10-10-2016
MTECHTIPS MCX Copper is in long- medium- short-medium- term bull phase .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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 320-318-.Resistance for the Copper is 324-325-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 323.0 The Copper is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 324.4 with a stop at 319.8 Below 318.7 go for sell and put stop at 323.3.