Wednesday 15 October 2014

CAPITAL STROKE UPDATE 16 October 2014 : MCX COPPER





COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-432 R1-426 S1-416 S2-410

Overall trend of the Copper is bearish for medium-long term .Currently Copper is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is on BUY Signal and Copper is recovering from oversold level For short term Copper is in HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Copper is 417-414-413-.Resistance for the Copper is 428-

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