Thursday, 7 August 2014

CAPITAL STROKE UPDATE 8-August-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440R1-436 S1-424 S2-418
The Copper is in long- medium- term bull phase .Currently Copper is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 420-417-413-.Resistance for the Copper is 435-436-

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