MTECHTIPS MCX COPPER INTRADAY trading tips 24-10-2016
MTECHTIPS MCX Copper is bearish for medium-long term .Currently Copper is in strong downtrend but volume is unsatisfactory 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 317-319-321-322-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in down trend so buy above 313.0 The sell will again come if below 309.9 The Copper is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 313.4 with a stop at 309.4 Below 308.6 go for sell.