Wednesday, 8 October 2014

CAPITAL STROKE UPDATE 8 October 2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-420 S1-410 S2-406

Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 410.Resistance for the Copper is 418-420-423-426-428-

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