mcx copper future technical analysis

mcx copper future technical analysis

Mcx copper today with a gap down opening hit low around 313 but now trading with recovery at day high. On downside 307 is strong support zone and copper future respected that and given reversal above it. On upside 322 and 332 are strong technical resistance levels as well as target zones for copper prices. Traders above 307 on closing basis use these dips for buying and addition with price targets 322 and then possibly 332. In the medium term, I have mcx copper target at 343. Sub 300 levels were a best investment opportunity. Mcx copper already given buy to subscribers with same targets.

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Pramod Baviskar

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