Mcx copper weekly-strong recovery rally heading for 371.8 and breakout

Mcx copper future weekly technical analysis report for 22 to 26 may 2017

Mcx copper future weekly technical analysis report for 22 to 26 may 2017

Mcx copper future this week closed at 369.4 with gain. Last week recovery rally continued and heading for bullish breakout above 372. On daily chart, mcx copper future price trend is down while momentum is on recovery side. Look like taken support at 356 rupee levels. Now heading for bullish trend breakout above 372 for bullish swing targets 386 and 402.   Reversal from 372 will be best-selling opportunity with stop loss if happens.   From investment point of view, mcx copper future in 2017 hit support of 362 and if sustain above it then it will be fresh investment opportunity with price target 433.   keywords: mcx copper chart, mcx copper tips, 1 kg copper price in india

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