MTECHTIPS MCX COPPER INTRADAY trading tips 08-11-2016
MTECHTIPS Copper is in perfect uptrend .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Copper Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Copper is 327-322-321-320-319-. Immediate resistance for Copper is 342
Short term and Intraday Level of COPPER
Copper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 331 The Copper is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 345.7 with a stop at 338.6 Below 336.6 go for sell with a stop at 343.8.