MTECHTIPS MCX COPPER INTRADAY trading tips 12-02-2019
MTECHTIPS Copper is in strong uptrend 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 Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 434-433-428-426-425-.Resistance for the Copper is 443- Short term and Intraday Level of COPPER Currently Copper is in HOLD SHORT position Copper has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below435.5 Buy if above 451.35 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 443.1 with a stop at 437 Below 435.5 go for sell
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