MCX COPPER December prediction-remain weak below 442 level for TGTs 429-418

MCX COPPER monthly prediction for dec. 2017


Mcx copper future in month of november closed at 441 with loss.

for month of december, mcx copper is in downtrend and trading below major resistance of 442-443 level but prices are in oversold state so expect bounce back.

below 442, expect downtrend and lower level up to 429 to 418. but if gives breakout above 442 then expect strong short covering rally up to 453 rupees.

from long term view,copper future in now correcting towards 431 rupee support level.



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Pramod Baviskar

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