MTECHTIPS MCX COPPER INTRADAY trading tips 17-08-2017

MTECHTIPS MCX COPPER INTRADAY trading tips 17-08-2017
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 oscillator is showing BUY signal For short term Copper is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Copper is 409-408-400-386-379-377-. Immediate resistance for Copper is 424 Short term and Intraday Level of COPPERCopper closed above 1 week high with volume signals up breakoutCurrently Copper is in HOLD SHORT position Copper is in sideways and sellers was at high so for short term better buy above 426.9 or hold with stop at 407.25 The next resistance will be at 422.1 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 426.9 with a stop at 414.6 Below 411.1 go for sell and put stop at 423.4
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