mcx copper future outlook for 23 to 27 may 2016

mcx copper future outlook for 23 to 27 may 2016 Mcx copper future this week closed with loss. This was third losing week for copper prices.   Mcx copper achieved my given tgt 313 and now heading towards second tgt 295.   For next week, mcx copper future below 314 remain sell on rise. On downside support zones are 302 and 295. On upside 311 and 314 are strong resistances. Recovery happen if sustain above 314.   From long term view, copper future looks very bearish and chart suggesting 270 to 220 tgts till end of 2016.

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Pramod Baviskar

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