Mcx copper heading for supports 365-360

Mcx copper heading for supports 365-360

Mcx copper outlook for 17th November 2016

 

Mcx copper future last closed at 370 with loss.

 

Copper is in correction phase and heading toward support zones.

 

Outlook still bullish and use correction to buy and accumulate.

 

Mcx copper support zones are 365 and 358 and fresh buying zones with stop loss. On upside 376 and 382 are resistances as well as target zones.

 

If copper future sustain above 360 then expect fresh high for copper prices in medium to longer terms.

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