Mcx copper weekly-super bullish copper achieved medium term target 392+

Mcx copper weekly technical forecast for 14 to 18 November 2016 Mcx copper weekly technical forecast for 14 to 18 November 2016 Mcx copper future this week closed with gain. This week copper prices rallied one way without breather and hit high around 405.   Mcx copper future on upside achieved all its swing targets of 332-341-351 and 361. Above 361, copper was super bullish and hit 392+ medium term target. At last closed much lower on strong profit booking on last session.   Above 361, copper remain super bullish and buy. On upside 382-392 and 405 are resistances as well as short term target zones if trend continues. From long term view, mcx copper above 392 will head towards target of 470 rupee. On downside 342 is major level as well as long term support zone.

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