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MTECHTIPS:MCX Copper Futures Test Near Two Month Highs

MTECHTIPS:MCX Copper Futures Test Near Two Month Highs

MCX Copper futures soared near their two month highs yesterday. The counter hit a high of Rs 367.10 per kg before easing in intraday moves. A sharp rally has been seen in the counter in last few days and the metal has broken above its 50 day EMA and is also above the upper Bollinger Bands on the daily charts. A slightly overbought bias is visible for the counter and a break under Rs 362 per kg mark could trigger some profit selling.
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