MTECHTIPS MCX COPPER INTRADAY trading tips 28-10-2016
MTECHTIPS Copper is in long- medium- short-medium- short- term bull phase .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 BUY signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 319-317-316-313-. Immediate resistance for Copper is 322
Short term and Intraday Level of COPPER
Currently Copper is in HOLD LONG position Copper has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 324.5 with stop at 310.2 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 324.5 with a stop at 319 Below 317.6 go for sell and put stop at 323.