COPPER UPDATES
ON COMEX
SEE CHARTS- COPPER HAS BREACHED ITS BEARISH TRENDLINE, BUT WE ARE NOT SUGGESTING BUYING HERE. BECAUSE IT IS GOING TO ENTER IN STRONG RESISTANCE AREA, AND VOLUMES ALSO NOT SUPPORTIVE FOR BUYERS. WILL JUMP SOME MORE.
IN MCX TERM-
WE COULD SEE SOME MORE BOUNCE UP TO 450 LEVELS. BUT 446 TO 452 LEVELS ARE STRONG RESISTANCE LEVELS IF CROSSES ABOVE 452 COULD TARGET 465-70 LEVELS
OUR PREFERENCE:-
POSITIONAL
SELL- AROUND 446-450
STOPLOSS- 452.50
TARGET 1- 438
TARGET 2- 432
TARGET 3 - 427
LOW RISK CALL
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