mcx copper monthly technical levels for june 2016

mcx copper monthly technical levels for june 2016mcx copper monthly pivot point levels for june 2016

support and resistance Monthly technical levels
Resistance 2354
Resistance 1333
Month pivot point level320
Support 1298
Support 2285

 How to use Pivot points for practical trading ?If security trading above its pivot level then expect uptrend for period and expect resistance zones as upside target and reversal points on chart for that period. In this scenario stop loss must be below pivot level.  If security trading below its pivot level then it is in downtrend for that period and expect support zones as targets as well as reversal points for that period . Here stop loss for short positions will remain above pivot point level.  Entry should be near support or resistance for better risk and reward ratio. exit strategy will be at will or at target.
Tag : mcx copper monthly chart, mcx copper chart 10 year, mcx copper chart last one year, mcx copper technical analysis

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