MCX copper weekly analysis for 11 dec. to 15 dec. 2017
Mcx copper future this week closed at 427.6 with huge loss.
mcx copper future this week tumbled from high of 446 to low of nearly 423 rupees.
below 443, entered into downtrend and hit first bearish target of 430 rupee. below 430, next supports as well as bearish targets for december will be around 418-406 and 396 rupees.
from long term view, copper slipped below 433 rupee support and heading towards 362 rupee support as well as target zone.