MTECHTIPS MCX COPPER INTRADAY trading tips 04-08-2017

MTECHTIPS MCX COPPER INTRADAY trading tips 04-08-2017
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 SELL signal For short term The current position is BUY .Positionally Support for the Copper is 402-396-391-379-374-. Immediate resistance for Copper is 416 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 below402.2 Buy if above 413.85 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 409 with a stop at 403.5 Below 402.2 go for sell
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