MCX COPPER follow up call for dec. 2017
Mcx copper future in last trading session tumbled by 4% plus to low of 423 rupee now trading around 427.
mcx copper future below 443 entered downtrend and hit immediately sell target of 430 rupee and tried to test 419 level also in single session with low at 423.
below 430, remain weak and sell on rise for targets 419 and below. if slips below 419, then expect super bearish trend for december with price targets 407 and then 395 rupees.
from long term view, given breakdown below 431 and heading towards 361 rupee levels.