Copper for third consecutive week was trading in the same range between 407 to 417
levels, it was very clear from the above chart that only a close above 421.5 will
confirm the short term bullish trend till then we expect prices to move in the same
range, last week prices has given a momentum from 410 levels and jumped up to 418
levels but again on closing complete selling pressure was witnessed in the market
and dropped back to below 414.5 levels to close at 412.85.
Weekly Call :
Expect a range bound trade between 407 – 417.5 levels,
either break out or break down will confirm the next move.
Wait for fresh entries.
We are uploading Videos on the MCX Commodity market
Trading levels and strategies given
To Get FREE NOTIFICATION every time we upload a viseo
Subscribe to our You Tube Channel
CLICK HERE TO SUBSCRIBE
Posted by: admin in: Uncategorized
MCX COPPER TAKING STRONG SUPPORT EACH TOME ARD 410 LEVELS , NEXT WEAK BELOW 410 ONL CLOSING BASIS ONLY/CURRENTLY TRADES ARD 413, LOW RISK TRADERS ADVSIED EIXT SELLS
THURSDAY 6.05 PM IST
Sell Copper Mini 2 lots at cmp Rs 411
Add 2 more lots at 412
Stop loss above Rs 414.50