MTECHTIPS MCX COPPER INTRADAY trading tips 20-11-2017
MTECHTIPS MCX COPPER INTRADAY trading tips 20-11-2017
MTECHTIPS The Copper is in long- 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 on BUY Signal and Copper is recovering from oversold level For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 433-422-.Resistance for the Copper is 446-447-452- Short term and Intraday Level of COPPER Currently Copper is in SELL position The Copper is in downtrend For short term buy only if close above 442.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 435.55 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 443.5 with a stop at 437.8 Below 436.5 go for sell and put stop at 442.2
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