MTECHTIPS MCX COPPER INTRADAY trading tips 19-12-2018
MTECHTIPS Copper is bearish for medium-long term .Currently Copper is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Copper is 415.Resistance for the Copper is 438-440-443- Short term and Intraday Level of COPPER Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in HOLD SHORT position Copper is in sell mode sell below 410.7 buy only above 447.2 The oscillator is showing SELL signal Intraday Trend- Sell if open below 410.7 with stop loss at 424.4 or sell below 404.7Buy is not advised till it cross 430.4
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