Breaking News

MCX Copper Trading Near Strong Support

By Ashish K NayakCommoditiesApr 21, 2017 14:07
MCX Copper Trading Near Strong Support
By Ashish K Nayak   |  Apr 21, 2017 14:07
Saved. See Saved Items.
This article has already been saved in your Saved Items

MCX Copper Futures prices are currently trading higher by 0.10 percent at Rs 364.20. Prices are expected to trade higher today on bargain hunting at lower levels. Investors will be cautious ahead of French elections this weekend.
MCX Copper Weekly Technical Chart

According to Wyckoff accumulation and distribution; entire profitable selling has been found in this month after the attractive boom viewed from the bottom and again Copper is trading in accumulation phase given that; amazing improvement can be seen after support price remaining strongly so that; depression players should stay away from making downturn from the support. Near down Bollinger band is opening below 358 to 351 in MCX Copper and the level can be considered as the very crucial support. The target can be seen up to 351 by breaking Rs.358 and being close below it. MCX Copper creates inverted and descending scallops pattern on the weekly chart which shows selling will remain unchanged below near resistance 391 and 407 from the high. A quick target can be found above 407 after crossing Rs.391 with the attractive volume and giving close on it.short term traders buy copper at decline with SL 351 for target 373 and 380.

MCX Copper Trading Near Strong Support

Related Articles

MCX Copper Trading Near Strong Support

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Write your thoughts here
Replace the attached chart with a new chart ?
Post also to:
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post 1000
Please wait a minute before you try to comment again.
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit & Loss. We are not responsible for any profit or losses made by traders and investors. It is only the outlook of the market with reference to its previous performance. All Judicial You are advised to take your position with your sense and judgment.
Continue with Google
Sign up with Email