MTECHTIPS MCX COPPER INTRADAY trading tips 20-10-2016
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 309.Resistance for the Copper is 319-321-323-
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 315.0 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 314.4 with a stop at 310.6 Below 309.7 go for sell.