MTECHTIPS;-Copper Technicals: MCX Copper Looking Weak After Testing

MTECHTIPS;-Copper Technicals: MCX Copper Looking Weak After Testing Rs 391 Levels

MTECHTIPS-MCX Copper topped out above Rs 391 per kg levels last week. The counter has recorded nice gains after testing lows under Rs 380 per kg mark but the rally seems to be witnessing some resistance now. The 391 threshold is tantalizingly close to 20 day Exponential Moving Average (EMA) and a failure to break above this mark can trigger can lead to further selling in copper. For intraday moves, a break under Rs 390 can pull the metal near s 387 mark
MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119