MTECHTIPS MCX COPPER INTRADAY trading analysis 23-11-2015
MTECHTIPS MCX COPPER INTRADAY trading analysis 23-11-2015
MCX copper future this week closed with loss at 300. this was straight 6th losing week for this commodity and fund selloff putting enormous pressure on prices. on weekly chart, indicators are deeply oversold and prices are at historic lows. mcx copper for next week will have supports around 298 and below it next will be 293. on upside 308 and 315 are strong resistances as well as target zones on reversal move. investors here must follow buy on decline strategy for long term targets of 370 to 410.
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